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Q: Why is Nigeria the richest country in Africa?
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Is Nigeria the richest city in Africa?

Nigeria is a country and no it's not.


Why is Nigeria one of the richest countries in Africa?

Nigeria is one of the richest country in africa, because god bless us with natural resource.


Where is the richest farmland in Africa?

South Africa and Botswana are the richest. Nigeria has lots of oil, but that is more recent.However, Nigeria is considered the richest country in Africa due to the enormous amount of money they generate and possess. Also looking at the great number of Natural resources the land is bless with, one will be ask why this nation is yet to be the most developed in Africa. Nigeria's wealth in all ramification can not be over-emphasized. For Further enlightenment into the study on Africa's nation, please read more from Encarta encyclopaedia and also do visit Nations in Africa.


Which country in Africa has the largest population?

The largest country in Africa by population is Nigeria with a population of 135,031,164


Richest country in Africa?

Below is the list of the top 10 according to CIA world factbook.Country GDP - per capita:1 Equatorial Guinea $ 50,2002 Mauritius $ 13,5003 South Africa $ 13,0004 Libya $12,7005 Botswana $11,4006 Tunisia $8,6007 Seychelles $7,8008 Algeria $ 7,7009 Namibia $ 7,40010 Gabon $ 7,200South Africa is the richest country in Africa. It has the biggest economy in Africa, followed by Egypt and then Nigeria, meaning South Africa the richest country in terms of GDP.(http://www.clickafrique.com/Magazine/ST014/CP0000002788.aspx)SA might not be the richest country in terms of GDP per capita but that is not a measurement of a its total wealth. Mauritius is the richest country in Africa only in terms of GDP per capita, but it has a very small economy and no meaningful natural reserves.Finally, although Nigeria is very rich in natural resources, such as oil, it does not come close to the resource wealth of South Africa. Don't forget its huge reserves of gold and platinum. South Africa is sitting on nearly 40% of the worlds platinum reserves.In fact, according to Citigroup, South Africa is the richest countryin the world in terms of natural reserves, with 2.5 trillion dollars worth of resources, followed by Russia and then Australia.(http://www.4castresearch.com/economy/economy/1572-sa-richest-country-in-the-world.html)It is safe to say that South Africa is the richest country in Africa.South Africa is the richest country in Africa. It has the biggest economy in Africa, followed by Egypt and then Nigeria, meaning South Africa the richest country in terms of GDP.(http://www.clickafrique.com/Magazine/ST014/CP0000002788.aspx)SA might not be the richest country in terms of GDP per capita but that is not a measurement of a its total wealth. Mauritius is the richest country in Africa only in terms of GDP per capita, but it has a very small economy and no meaningful natural reserves.Finally, although Nigeria is very rich in natural resources, such as oil, it does not come close to the resource wealth of South Africa. Don't forget its huge reserves of gold and platinum. South Africa is sitting on nearly 40% of the worlds platinum reserves.In fact, according to Citigroup, South Africa is the richest countryin the world in terms of natural reserves, with 2.5 trillion dollars worth of resources, followed by Russia and then Australia.(http://www.4castresearch.com/economy/economy/1572-sa-richest-country-in-the-world.html)It is safe to say that South Africa is the richest country in Africa.============================================================The richest countries based on GDP, a country's productivity.The GDP is a measure of if all the goods and services of country where divided it people what is the average dollar amount of goods and services they produce. According to this metric Equatorial Guinea is #1, the people produce an average of $50,200 of goods per person.

Related questions

Is Nigeria the richest city in Africa?

Nigeria is a country and no it's not.


Where are nigeria in the richest country in Africa rankings?

last


Why is Nigeria one of the richest countries in Africa?

Nigeria is one of the richest country in africa, because god bless us with natural resource.


What are the ten richest country in Africa?

nigeria, south africa, bostwana, egypt,


Where are Nigeria in the richest country in Europe rankings?

Nigeria is not a European country but rather an African one. In Africa, Nigiera is the third richest country by GDP (45th in the world) and the twentieth richest by GDP per capita (138th in the world).


Who is richest person in africa?

Aliko Dangote Of Nigeria Is Africa's Richest man


Was Nigeria ever the richest country in Africa?

yes there is no doubt that Nigeria is one is one of the richest county in Africa and unfortunately it is sad to see how corruption rules that place and unless your work for the government it is hard to succeed,,,,but for sure it is one of the richest country in the continent ...... All governments are corrupt,African ones are just dumb enough to get noticed.


Where is petroleum richest in Africa?

Nigeria is Africa's biggest oil producer


Nigeria's ranking in money?

nigeria is the 7 richest country


Which continent is Nigeria on?

Nigeria belongs to the continent of Africa.


List the top richest musician in Nigeria 2008?

The richest man in Nigeria in Aliko Dangote. He is also the richest man in Africa, and is currently the 23rd richest man in the world.


Where is the richest farmland in Africa?

South Africa and Botswana are the richest. Nigeria has lots of oil, but that is more recent.However, Nigeria is considered the richest country in Africa due to the enormous amount of money they generate and possess. Also looking at the great number of Natural resources the land is bless with, one will be ask why this nation is yet to be the most developed in Africa. Nigeria's wealth in all ramification can not be over-emphasized. For Further enlightenment into the study on Africa's nation, please read more from Encarta encyclopaedia and also do visit Nations in Africa.