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Sapa (/ s ɑː k p ə /) is a Nigerian slang term that has gained prominence in recent years, particularly among young Nigerians. It is used to describe a state of financial incapacity or extreme poverty, often resulting from excessive spending and poor financial management. [1]
Nigeria's economy is the fourth largest in Africa, the 31st-largest in the world by nominal GDP, and 30th-largest by PPP. In 2022, its GDP (PPP) per capita was US$9,148 [155], which is less than South Africa, Egypt and Morocco, but slightly higher than Ghana and Ivory Coast. As of 2023, Nigeria's economy is classified as lower-middle-income. [156]
As of 2018, Nigeria is the biggest economy in Africa by nominal GDP, followed by South Africa; in terms of PPP, Egypt is second biggest after Nigeria. [34] Equatorial Guinea has Africa's highest GDP per capita.
South Africa's informal sector contributes 8% of the country's GDP and supports 27% of all working people. The South African Local Economic Development Network values the informal economy at 28% of SA's GDP. [108] Given the relevance of this input, there is a constant interest in developing actions on an inclusive urban planning for the working ...
The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the fourth largest in Africa and the 27th-largest in terms ...
The NESG Radio is a traditionally syndicated podcast that keeps Nigerians informed through localised content on economic policies and issues across sectors of the Nigerian economy. The radio aims at extending research-based advocacy and impactful policy-making to all Nigerians, including the urban technology inclined audiences, as well as rural ...
The economics of language is an emerging field of study concerning a range of topics such as the effect of language skills on income and trade, the costs and benefits of language planning options, the preservation of minority languages, etc. [1] [2] It is relevant to analysis of language policy.
There are over 520 native languages spoken in Nigeria. [1] [2] [3] The official language is English, [4] [5] which was the language of Colonial Nigeria.The English-based creole Nigerian Pidgin – first used by the British and African slavers to facilitate the Atlantic slave trade in the late 17th century [6] – is the most common lingua franca, spoken by over 60 million people.