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Monday 13 January 2014

The "Mint" countries - Mexico, Indonesia, Nigeria and Turkey identified as emerging economic giants

Economist Jim O'neill has recognized the "Mint" nations - Mexico, Indonesia, Nigeria and Turkey as rising economic goliaths.

The Today programme's Evan Davis and Newsday's Nkem Ifejika spoke to business people in Nigeria who let them know that the nation still have their crucial issues.

They demonstrated that infrastructures still remained an issue to the country's economy yet that the issues of power and electricity had been resolved.

Education was additionally noted as an issue, with the enterpreneurs explaining that it was fundamental for organizations to invest in staff.

They additionally illustrated that corruption had turned into "a cultural thing" in Nigeria.

*I find it totally preposterous and utterly ridiculous that someone would come out and say that the issue of power and electricity in Nigeria has been resolved. Even though the private sector has taken over the functions of providing electricity to Nigerians, things are still more or less the same in terms of electricity supply. There is still irregular power supply and nigerians still depend on generators for their electricity...spending alot on fuel for generators, not to talk about the devastating effects of these generator fumes on the environment.

If Nigeria could be seen as a rising giant despite these crucial setbacks, imagine where the country would be when  the issues of corruption, electricity, security and infrastructure are resolved. Something must be done!

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