Monday, April 7, 2014

Nigerian economy growing despite anti-gay laws, security problems, sectarian conflict, and slow infrastructure

The Wall Street Journal has an article today reporting that Nigeria has surpassed South Africa as an economy, and it does not seem that the anti-gay law has slowed the economy now.  The story by Drew Hinshaw and Patrick McGroarty, is here

here is a picture of a Shoprite supermarket in the story.
However, it is much more difficult to establish a company in Nigeria, and to get essential infrastructure set up, like electricity.  And in some industries, like oil, security is obviously a problem, as is piracy off the coast.
Yet, Nigeria is a large country in the African economy, and the desire of some companies to locate some employees there could be a problem.  

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