 Why Nigeria is referred to as the giant of Africa? Nigeria boasts various natural landmarks and animal sanctuaries being an African country on the Gulf of Guinea, waterfalls, deep rainforests, savanna, and uncommon primate habitats can be found in protected locations like Cross River National Park and Yankari National Park, Zuma Rock. A 725 meters tall monolith outside of Buja that is depicted on the Nigerian money is one of the most well-known sites. Nigeria has been dubbed Africa's giant due to its population of almost 200 million people. Nigeria is Africa's most populous country. It is also the world's most populous black country, placing 8th among the world's most populous countries. A large population is thought to be a source of labor, a military strength, force, advantage, and a real or projected vast market. Many countries, such as China and India, have made the most of their vast populations, which is reflected in their economic growth. Nigeria is a growing global power, a regional force in Africa, and a middling power in international affairs. Nigeria's economy is the largest in Africa, ranking 27th in nominal GDP and 25th in terms of purchasing power parity. Nigeria is known as the giant of Africa due to its massive population and economy, and the World Bank classifies it as an emerging market. Join us as we investigate and learn more about why Nigeria is known as Africa's behemoth. If this is your first time viewing our channel, please like, share, and subscribe to remain up to date on future upcoming videos on our channel. Population size Nigeria has Africa's greatest population. Nigeria's population is expected to reach 401.31 million people by the year 2050, according to the United Nations. Nigeria's population will exceed 728 million by 2100 if current trends continue. Nigeria's population will surpass that of the United States in 2047, according to the United States Census Bureau, when Nigeria's population would reach 379.25 million. Nigeria will become the world's third most populous country with these figures. Early marriages, high birth rates, and a lack of family planning access are all key contributors to Nigeria's population increase. Nigeria has a birth rate of around 37 per 1,000 inhabitants. Wealth Nigeria is a global economic giant thanks to an industry as populous with an unrestrained desire to succeed, amazing agriculture, massive natural resources, and a high GDP. The currency NARA was substantially stronger than the US dollar in the 1970s and until 1985. Nigeria implemented the structural adjustment program in 1986, which requires the IMF World Bank to restructure the foreign exchange market. From there, things just got worse. The foreign exchange rate fell to almost 2 NARA to 1 US dollars in 1986. It increased in 1987 and then plummeted to 4 NARA to 1 US dollars in 1988. Nigeria was able to establish strong infrastructure, universities, arts. Nigeria hosted Festak 77, music, a national airline, Nigeria Airways. That was the greatest in Africa, sports, poetry, and other literary works. Telecommunications, television, and so on thanks to the discovery of crude oil. They aided other countries by providing food to famine-stricken areas, resolving internal problems, and providing scholarships to Africans. Despite this, Nigeria continues to be Africa's largest economy, the nation's gross domestic product, GDP. Expanded by 1.40% in real terms in Q3 2017, the second consecutive positive growth since the economy emerged from recession in Q2 2017, according to Nigeria's National Bureau of Statistics. Given today's available technology and prospects, as well as Nigeria's growing population of highly educated and technically proficient people, the economy is likely to become more diversified and wealthy than it has ever been. Political influence This argument is notably linked to wealth since it enabled Nigeria to exert political influence around the world and at the UN, particularly through the OAU, which granted independence to the rest of Africa. Nigeria was able to participate actively in the Pan-Africanism movement that swept over the continent as a result of this. Nigeria was also actively active in anti-apartheid and anti-racism movements in South Africa. Nigeria's current efforts to attract foreign direct investment, FDI, may probably prove feeble in the future. Nigeria needs to clean house and address internal problems, as well as eliminate corruption through a public inquiry and rethink some of the terrible economic decisions that have wrecked the economy. Furthermore, the business climate needs to be redesigned and repositioned in order to attract foreign direct investment. FDI, Nigeria offers fantastic cultural and tourist features that can be commercialized and promoted around the world. In Nigeria, summer is usually always present. This is ideal for promoting the country's main attractions, showcasing the finest of Nigerian tourism and encouraging local ecotourism and consumption to reduce cash outflow. Nigeria is not just Africa's most populous country, but also the Africa's largest economy, NGDP. Nigeria's development is rapid, as seen by its numerous development initiatives. Thank you for joining us on this adventure. For more incredible videos, stay tuned to Africa Reloaded.