1. Class Assignment: Nigeria
31E17000 African Economic Development
Spring 2017
Jari Sallinen, Student ID K18937

2. Largest economy in Africa 8th largest exporter of oil
Basics
Independence 1960 (UK)
50/50 Muslim /Christian
Largest economy in Africa
8th largest exporter of oil
Open market economy
Lower middle income economy

3. 188 million (Growth rate 2.6 %) Literacy rate 68 %
Population
188 million (Growth rate 2.6 %)
Literacy rate 68 %
Life expectancy 55 y
Enrollment rate 86 %
36 % between y

4. Gininindex

5. Mean income

6. Headcount ratio at USD 3.1

7. Headcount ratio at USD 1.9

8. Headcount ratio at USD 3.1

9. Poverty gap at USD 1.9/ 3.1

10. GDP PER CAPITA PPP

11. GDP PPP

12. GDP Per Capita 2005-2015, recent developments
Year
PC GDP PPP
GROWTH
GDP PPP
2005
3676
4,02
513
6,87
2006
3994
8,65
572
11,50
2007
4267
6,84
627
9,62
2008
4502
5,51
680
8,45
2009
4723
4,91
733
7,79
2010
5019
6,27
800
9,14
2011
5230
4,20
856
7,00
2012
5407
3,38
909
6,19
2013
5637
4,25
974
7,15
2014
5940
5,38
1054
8,21
2015
6003
1,06
1093
3,70

13. Concluding Remarks
Poverty reduction has been moderate Extreme poverty declined substantially Inequality has not improved significantly Population growth a problem GDP growth has been strong -> main source in poverty reduction