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Rising Africa- 12th Largest Petroleum Producer in the World
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By 2050, Nigeria is expected to become one of the world's top 20 economies. Nigeria is considered to be an Emerging market by the World Bank. It is also a member of the MINT group of countries, which are widely seen as the globe's next "BRIC-like" economies. It is also listed among the "Next Eleven" economies set to become among the biggest in the world.
Transcript of Rising Africa- 12th Largest Petroleum Producer in the World
Rising Nigeria
In 2014 Nigeria’s economy (GDP) became the largest in Africa,
worth more than $500 billion, and overtook South Africa to
become the world's 26th-largest economy.
Furthermore, the debt-to-GDP ratio is only 11 percent (8
percent below the 2012 ratio).
The country's oil reserves have played a major role in its
growing wealth and influence.
Source: http://en.wikipedia.org/wiki/Nigeria
Future of Nigeria
By 2050, Nigeria is expected to become one of the world's top 20
economies.
Nigeria is considered to be an Emerging market by the World
Bank.
It is also a member of the MINT group of countries, which are
widely seen as the globe's next "BRIC-like" economies.
It is also listed among the "Next Eleven" economies set to
become among the biggest in the world.
Source: http://en.wikipedia.org/wiki/Nigeria
12th largest petroleum producer
in the world
Nigeria is the 12th largest producer of petroleum in the world
and the 8th largest exporter, and has the 10th largest proven
reserves.
Petroleum plays a large role in the Nigerian economy,
accounting for 28% of GDP of Nigeria and 80% of Government
earnings.
Underexploited mineral resources
Nigeria also has a wide array of underexploited mineral
resources which include natural gas, coal, bauxite, tantalite,
gold, tin, iron ore, limestone, niobium, lead and zinc.
Despite huge deposits of these natural resources, the mining
industry in Nigeria is still in its infancy.
Source: http://en.wikipedia.org/wiki/Nigeria
Agricultural sector
Agriculture used to be the principal foreign exchange earner of
Nigeria.
At one time, Nigeria was the world's largest exporter of
groundnuts, cocoa, and palm oil and a significant producer of
coconuts, citrus fruits, maize, pearl millet, cassava, yams and
sugar cane.
About 60% of Nigerians work in the agricultural sector, and
Nigeria has vast areas of underutilised arable land.
Source: http://en.wikipedia.org/wiki/Nigeria
Mara Foundation’s Ambition
We enable, inspire and empower ambitious entrepreneurs in Africa. With the support of our Mara Mentors we will:
Inspire millions of young people in Africa to become entrepreneurs.
Teach entrepreneurs new skills.
Enable entrepreneurs to turn business ideas into a reality.
Guide business owners to grow businesses and hire (more) employees.
Empower entrepreneurs by providing a platform to showcase their business and build their network.
THANK YOU
Website: mentor.mara.com
App: iTunes, Blackberry, Android, and Nokia.
Customer Support: [email protected]
Mara Foundation is supported by a number of partners, including:
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