At his recent visit to Lagos, Nigeria, British Prime Minister David Cameron had some interesting commentary on Nigeria’s growth prospects in the coming years. According to him, some predict that in the next forty years, Nigeria will have the highest average GDP growth rate in the world.
Here is an excerpt from his speech:
“Tell me this: which part of the world has seen its number of democracies increase nearly eight-fold in just two decades? Eastern Europe? No, it’s Africa. Which continent has six of the ten fastest growing economies in the world? Asia? No, it’s Africa. Which country is predicted by some to have the highest average GDP growth in the world over the next 40 years? You might think Brazil, Russia, India or China. No. Think Africa. Think Nigeria.” – David Cameron
We have published a longer excerpt of his speech at the Pan African University Lagos here on CP-Africa .
You can also read his joint op-ed with President Goodluck Jonathan where they both advocate free trade in Africa here.
What do you think about this prediction?
Is it overly optimistic or realistic?