Why Nigeria Is Counted Among Top 5 Most Promising Countries In The World.

Among other things such as the rising dominance in world sport for which Nigeria is counted among the top 5 most promising countries, this article will highlight other things that you may not know about this amazing country that will one day defines its success.

Nigeria firstly earns the spot among the top 5 most promising countries due to its population, earth the most populous black country on Earth and arguably the largest economy in Africa. Nigeria is widely regarded as an African powerhouse, with abundant natural resources and a young, dynamic, educated, population. A favourable climatic condition that favours all kinds of economic activities.

The country has long played an important role in the peace of the continent and it has the potential to be a wider global player in the coming decades.

However, let’s walk through among others, 5 proven Factors to Show Why Nigeria Is counted among the top five most promising countries in the world.

1. POPULATION/ECONOMY

The country’s greatest resource is its people. With an estimated 184m people in 2015, according to the IMF, Nigeria ranks as the seventh-most-populous country in the world. it is predicted to rapidly climb through these rankings in the coming decades. with a growth rate of 2.7%, Nigeria is forecast to reach 440m people by 2050, ranking it as the third-largest country globally. Nigeria, a country with more than 100 million internet users the 7th largest in the world.

These trends provide a burgeoning foundation for any industry to take off. For example, entertainment is seen to be a big industry, earning Nigeria a lot of money and employing a lot of people. The industry has been sustained due to the large Nigerian population which already stand as a consumer base.

Nigeria as of now is attracting the most multi-million dollar oil companies from Europe, and Africa’s venture capital like DSTV, GOTV, Star Time and Shoprite LTD. This is because Nigeria is seen as a lucrative economy due to its large population.

In the coming year, we will witness a massive influx of companies being interested in investing in the young population of the country.

AGRICULTURE SECTOR

Nigeria is blessed with arable soil for the cultivation of all classes of agricultural products, ranging from Cash crops, food crops, industrial, medical and research purposes.

Agriculture used to be Nigeria main source of income and slightly declined after the oil boom

Nigeria crops are produced based on their soil and climatic condition. The Eastern part produces soya beans, cocoa, groundnuts, cassava but majorly on Palm oil and kernel. The northern produces cotton, varieties of fruits, tomatoes, with a particular interest in groundnuts, onions and Rice. Then, the West is Majorly on cocoa production.

Nigeria has a strong and efficient agricultural sector with the capacity to feed its growing population, earn foreign exchange, generate employment and provide the raw material for all purposes.

The agricultural sector has the potential for industrial and economic platforms of any kind to take off.

2. TOURISM INDUSTRY
Nigeria is vastly endowed with varieties of tourism potentials. These include the beautiful beaches along its Atlantic ocean, the famous game reserves, rare varieties of animals, historic monuments, various warm springs, varied culture and cultural artefacts, evenly distributed across the country.

The tourism sector is a service-oriented sector that is very sensitive with robust background and forward linkages with other branches of the country economy, thus, generating opportunities for employment, revenue earning, capacity to generate significant foreign exchange and revitalizing the economy of any destination.

The Nigeria tourism potentials not only Serve as a source of foreign exchange but has been described as a land of variety and contrast, suitable for any project. These range from the thick mangroves swamps of the south to the scanty shrubs in the north. The wet weather of the south to the semi temperature climate of Jos plateau to the cold harmattan winds of the north.

3. NATURAL RESOURCES

Nigeria is blessed with abundant gifts of Natural resources which is an important source of our national wealth, enhances the potential for economic growth, provision of employment opportunities, which is a clear sign that in the coming year, we will witness a massive influx of companies being interested in Nigeria.

4.  AGRICULTURE SECTOR

Nigeria is blessed with arable soil for the cultivation of all classes of agricultural products, ranging from Cash crops, food crops, industrial, medical and research purposes.

Agriculture used to be Nigeria main source of income and slightly declined after the oil boom

Nigeria crops are produced based on their soil and climatic condition. The Eastern part produces soya beans, cocoa, groundnuts, cassava but majorly on Palm oil and kernel. The northern produces cotton, varieties of fruits, tomatoes, with a particular interest in groundnuts, onions and Rice. Then, the West is Majorly on cocoa production.

Nigeria has a strong and efficient agricultural sector with the capacity to feed its growing population, earn foreign exchange, generate employment and provide the raw material for all purposes.

The agricultural sector has the potential for industrial and economic platforms of any kind to take off.

5. TOURISM INDUSTRY
Nigeria is vastly endowed with varieties of tourism potentials. These include the beautiful beaches along its Atlantic ocean, the famous game reserves, rare varieties of animals, historic monuments, various warm springs, varied culture and cultural artefacts, evenly distributed across the country.

The tourism sector is a service-oriented sector that is very sensitive with robust background and forward linkages with other branches of the country economy, thus, generating opportunities for employment, revenue earning, capacity to generate significant foreign exchange and revitalizing the economy of any destination.

Nigeria tourism potentials not only Serve as a source of foreign exchange but has been described as a land of variety and contrast, suitable for any project. These range from the thick mangroves swamps of the south to the scanty shrubs in the north.The wet weather of the south to the semi temperature climate of Jos plateau to the cold harmattan winds of the north.

6. NATURAL RESOURCES

Nigeria is blessed with abundant gifts of Natural resources which is an important source of our national wealth, enhances the potential for economic growth, provision of employment opportunities, generate direct foreign investment and exchange and overall development.

The country is most widely known for its vast hydrocarbons wealth. It has about 37.1bn barrels of proven oil reserves which will give the country another 43 years worth of oil revenues. The country also contained 5.1trn cubic metres of natural gas accounting for 2.7% of total global reserves.

However, Nigeria possesses much more than simply oil and gas. It is home to significant deposits of coal, iron ore, lead, limestone, tin and zinc, Columbite, marbles, bitumen and tar sand. These resources have the capacity to host and kind of investment both local and foreign for revenue generation.

7. WATER RESOURCES

Water resources are critical to the development of society because water plays a key role in various aspects of human endeavour. Water is needed for domestic, commercial, industrial, agricultural and recreational purposes.

Twitter Officially Starts Operating In Ghana In September.