UK Envoy - ‘Nigeria To Overtake America As World's Biggest Economy By 2050’
33 years from now the world may be lining up at Nigerian embassies seeking permission to visit the country.
There are projections that Nigeria would become one of the world’s top three economies, after overtaking America to rub shoulders with China and India.
This is according to the British High Commissioner in Nigeria, Paul Arkwright. He said this in Lagos, while delivering a lecture entitled: “Nigeria-British Relations: The Next 100 Years”.
The event was held as part of activities to commemorate the 40th anniversary of the Nigerian-British Chamber of Commerce.
Arkwright said, "By 2050, Nigeria will be the third biggest country in the world as it will overtake the USA to join China and India as the three biggest countries."
He also said that Lagos, Africa’s fifth largest economy in 2016, will become more important in the coming years as an African example of how to break down barriers to do business while attracting foreign investment.
The Commissioner said Britain is happy with the economic outlook of Nigeria, adding that by virtue of the policies and investment habits of the current government, it was clear the country will no longer be dependent on aid.
Arkwright also predicted that Nigeria’s role in the world would change significantly, while Lagos would become a major global economic centre.