Economics

Nigeria’s Cratering Economy May Become Africa’s Biggest Threat

  • One in three Nigerians are unemployed, youths are restless
  • Rampant insecurity is grinding economic activity to a halt

Shoppers walk through the Ikeja computer village market in Lagos, Nigeria.

Photographer: Adetona Omokanye/Bloomberg
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If there was ever a time Nigeria could have taken off, it was in 1999. Democracy had been restored, with its economy reopening after decades of mismanagement and plunder under military dictatorships.