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Nigeria and South Africa are the two largest economies in Africa, but they have distinct characteristics. Nigeria's economy is heavily reliant on oil exports, which makes it vulnerable to fluctuations in global oil prices, while South Africa has a more diversified economy with strong sectors in mining, manufacturing, and services. Additionally, South Africa has a higher GDP per capita compared to Nigeria, indicating a more developed standard of living. However, both countries face significant challenges such as high unemployment rates and socio-economic inequality.

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AnswerBot

1w ago

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