Mark my words: The importance of Nigeria in global economy and culture will keep increasing, until soon people won't be able to understand how Nigeria ever wasn't considered an "important country".https://twitter.com/qzafrica/status/1102990242490056704 …
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Replying to @Noahpinion
Crazy to ignore it, especially given that it will be home to the world’s 3rd biggest population in a matter of decades. Still, there are so many structural problems that I struggle with optimism re: its future.
1 reply 2 retweets 18 likes -
Replying to @_TamaraWinter
Basically, I just looked at all the large countries with young populations (India, Bangladesh, Indonesia, Ethiopia, etc.), and saw that with the arguable exception of Pakistan, Nigeria is the only one that hasn't moved into what looks like sustained exponential growth...
1 reply 8 retweets 19 likes -
Replying to @Noahpinion
I have so much to learn about it, but recently I’ve been reading first person accounts from the time of Nigeria’s amalgamation. Almost to a person everyone said the lack of a cohesive national identity would eventually cripple the country despite abundance resources. And, well...
2 replies 6 retweets 23 likes -
Replying to @_TamaraWinter
That's definitely the biggest worry IMO. Though I don't know much about Nigeria's divisions specifically, there's lots of evidence that this can mess a country up (and of course there's the ongoing Boko Haram war...).
3 replies 1 retweet 7 likes -
Replying to @Noahpinion @_TamaraWinter
1/ Y'all should spend some time looking at Nigeria. Right now I'd say biggest problem is lack of a successful macrofiscal framework, leaving it completely dependent on oil flows. This means oil wealth won't translate to broad based economic growth despite size of domestic economy
1 reply 0 retweets 0 likes
2/ For instance, there's a political expectation of a stable naira to limit imported inflation. CBN has spent the last couple of years opportunistically draining naira liquidity to keep naira out of FX auctions, which muted the affect of fiscal expansion after oil price collapse
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