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Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015.
The estimates can therefore differ from other estimates, like the national poverty rate. Nigeria is the country with the most people living in extreme poverty worldwide since 2019, overtaking much more populous India. [1] The poverty rate in Nigeria remains one of the world's highest and is especially high in the north of the country.
A History of Nigeria. Cambridge University Press, 2008. ISBN 978-0-511-39712-7; Muslim Civic Cultures and Conflict Resolution: The Challenge of Democratic Federalism in Nigeria — John N. Paden; Oriji, John N. Political Organization in Nigeria Since the Late Stone Age: A History of the Igbo People. New York: Palgrave Macmillan (St. Martin's ...
This article presents two lists of Nigerian states by Human Development Index (HDI), including the Federal Capital Territory. The first list from the Radboud University Nijmegen ranks the states by the international HDI-methology. The second list ranks the states by an own methology from the United Nations Development Programme.
Nigeria: Sub-Saharan Africa Lower middle income 40.1% 2018 Nicaragua: Latin America & Caribbean Lower middle income N/A Netherlands: Europe & Central Asia High income 14.5% 2021 Norway: Europe & Central Asia High income 12.2% 2021 Nepal: South Asia Lower middle income 20.3% 2022 Nauru: East Asia & Pacific High income N/A
Number of people living in extreme poverty from 1820 to 2015. Population not in extreme poverty Population living in extreme poverty Total population living in extreme poverty, by world region 1990 to 2015. Latin America and Caribbean East Asia and Pacific Islands South Asia Middle East and North Africa Europe and Central Asia Sub-Saharan Africa Other high income countries The number of people ...
The economic history of Nigeria falls into three periods. They are the: pre-colonial, the colonial and the post-colonial or independence periods. [1] The pre-colonial period covers the longest the part of Nigerian history. The colonial period covers a period of 60 years, 1900-1960 while the independence period dates from October 1, 1960.
The history of Nigeria can be traced to the earliest inhabitants whose date remains at least 13,000 BC through the early civilizations such as the Nok culture which began around 1500 BC. Numerous ancient African civilizations settled in the region that is known today as Nigeria, such as the Kingdom of Nri , [ 1 ] the Benin Kingdom , [ 2 ] and ...