At a time when six of the world`s ten fastest growing economies in the last decade have been in Africa averaging around 7 percent GDP growth, South Africa has only managed a miserly GDP growth rate of around 3.9 percent over the same comparable period.
The growing inequalities between the rich and the poor, labour unrests, service delivery protests and corruption among a range of other ills have hampered South Africa`s progress. Enter Nigeria, Africa`s most populous country with over 160 million people and whose GDP has grown at an average of 6 percent since 2006 according to the World Bank.
Nigeria`s rapid growth over the years appears to have attracted noteworthy foreign investments as witnessed by global giant Procter & Gamble`s recent $300 million manufacturing plant, Dubai like Eko Atlantic City being built on land reclaimed from the Atlantic ocean among other foreign investments.
