Many have referred to nigeria as a giant of Africa because of its population size of about 200 million. It is the most populous country in Africa, it is also the most populous black country in the world. There are ways Nigeria plans to strategically lead africa.
Number 1, we have the construction of the largest single train refinery. The country and other african nations will soon have a sigh of relief from the sloppy economic situation occasioned by the price instability with the imminent completion of the dangote refinery along with other modular refineries in nigeria.
Number two, we are capitalizing in the entertainment industry. Nollywood sprung up in 1992 and is currently one of the largest film producers in the world. it is a unifying brand of practitioners in script writing, directing, make up artists and the talented actors.
Market revenue grew by 7.49 to reach over 800 million us dollars in 2018. It is driven by paid tv subscription revenue which accounted for 72.26 of the total in the same year. Tv advertising accounts for over 21.30 of total revenue.
Number three, establishing a free zone area in a bid to further enhance the economic fortunes of nigeria and expand the frontiers of the ever-growing mega-city. The free trade zone was conceived in partnership with china-africa lucky investment company. It sits on over 3000 hectares of land along the coastal corridor.
Number four, strength in numbers. Some people might wonder how can nigeria lead african economy with its population. The answer may be cryptocurrency. Cryptos are definitely here to stay for a long time and one nation in Africa that is seemingly leading the way in crypto investment is surprisingly nigeria.
Number five, we have the construction of Mambilla hydroelectric power project as Nigeria looks to boost its energy production to match the needs of the booming economy and population.
The government has made efforts into making the power plant a reality. The 5.8 billion us dollars project will connect three dams across the dango river and eventually generating a total installed capacity of 3000 megawatts of electricity.
Do you think these plans will work for this country? Let me know in the comments.
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