Nigeria Has Potential, But Needs to Stomp Out Illicit Financial Flows First
July 25th, 2014
A new report out from the McKinsey Global Institute claims that Nigeria could be the next hotspot for economic growth and development. The firm says that, by 2030, the west African nation could become one of the world's leading economies.
And it's true; Nigeria has seen an economic surge in recent years, thanks to massive oil exploitation, a burgeoning financial sector, and a huge population. In April, Nigeria even leapfrogged South Africa on its way to becoming Africa's biggest economy.
But even with annual GDP growth at 7%, millions of Nigerians suffer...