Debasing Africa’s Largest Economy

There was outrage in Nigeria when the U.S. National Intelligence Council (NIC), at a conference in 2005, “Mapping Sub-Saharan Africa’s Future,”  dared to foresee Nigeria’s outright collapse before 2020 dragging down with it a large part of the West Africa region. The Nigerian Government, who preferred to underscore the fact that Nigeria’s economy was on a growth trajectory and things were getting better rather than worse, vehemently denounced this report as “glib talk arising from dubious or diabolical benchmarks.”  Continue reading