Nigeria could be World’s 15th largest economy by 2050, says economist

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Nigeria could be World’s 15th largest economy by 2050, says economist

From the mouth of MINT creator Jim O’Neill.

Nigeria could be World’s 15th largest economy by 2050, says economist

Published: March 20,2014

“You have one ingredient in a very substantial way; you have a large and young population that is outstanding significantly,”

A former Chairman of Goldman Sachs Asset Management, Jim O’Neill, said Nigeria could be the world’s15th largest economy if its large population actively participated in economic development.

Mr. O’Neill made the prediction at the ongoing 20th Nigerian Economic Summit in Abuja on Thursday.

The theme of the summit is “Transforming Education through Partnerships for Global Competitiveness”.

He said that events in Brazil, India, Russia, and China had shown that with their large populations, they could engage the world. He said economic growth was driven over a long term by population and productivity.

Mr. O’Neill said that…

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