Nigeria, also referred to as the “Giant of Africa,” is located in West Africa between the Republics of Benin, Chad, Cameroon, and Niger. With over 174 million inhabitants, Nigeria is the most populous country in Africa, and the seventh most populous in the world. It is made up of over 300 ethnic groups speaking more than 521 languages, the fourth largest grouping of languages in the world, yet it is only about twice the size of California. Nigeria gets its name from the Niger river that flows through its landscape, and is home to one of the oldest known locations of human existence. Thanks to its size and abundance of natural resources, Nigeria is the most important player in Africa and one of the biggest in the world scene, and is slated to become even bigger in the next half a century.
As of 2014, Nigeria’s economy is the largest in Africa, worth more than $500 billion, and is the 32nd largest economy in the world. It is expected to become one of the world’s top 20 economies by 2050. Much of this economic power is due to its crude oil production industry. Nigeria is the 12th largest producer of petroleum and the 8th largest exporter, brining in billions of dollars annually. This level of wealth is evident in many aspects of its culture. Nigeria is home to 5 of the 10 wealthiest pastors in the world according to Forbes, worth between $10 and $150 million. It is also home to the world’s third largest film industry, Nollywood.
But with the good also comes the bad. Due to its economic wealth and various military dictatorships that have ruled the country since its independence in 1960, Nigeria is arguably one of the most corrupt nations in the world. Its legislators are among the highest paid worldwide, while its people are among the poorest, with more than 100 million Nigerians living in destitution and for less than one dollar a day. In 2013 Nigeria was rated the worst country in the world to be born in based on welfare and prosperity projection. Based on an income of $81 billion per year and the amount of that squandered annually, Nigeria has been deemed the most corrupt nation in the world, due to its government’s tendency of stealing hundreds of billions of dollars from the public.
So how is this contradiction possible, and what is there to do about it? To learn this and more about the “Giant of Africa,” come to our next event Destination Nigeria on August 14, and hear Nigerian Ambassador Geoffrey I. Teneilabe and Dr. Omoh T. Ojior of the Onima Institute, speak about current issues plaguing Nigeria, its economy and its people.
~ By Allie Williams, a recent graduate of the University of Georgia. Allie explores her passion for food, travel, and learning about different cultures though her internship with Go Eat Give.