Nigeria May Become Global Economic Power By 2030 – US

AMBASSADOR TERENCE P. McCULLEY, THE UNITED STATES AMBASSADOR TO NIGERIA
AMBASSADOR TERENCE P. McCULLEY, THE UNITED STATES AMBASSADOR TO NIGERIA

In a contrary opinion to what the United States army predicted that Nigeria as it is known may cease to exist by the year 2015, the ultra secretive United States National Intelligence Council, NIC, has projected that Nigeria could join a handful of countries including China, that would be the driving force behind shaping the world’s economy by the year 2030.

The NIC report, which is an articulation of expertise opinion from the US intelligence community, released last December, projects a glimpse of what the world may look like in the future.

The report would be highly welcome back home among Nigerian government officials who are still working towards actualizing Vision 20:2020.

In the report on Global Trends 2030, the report notes that the United States and Europe would be overwhelmed by the economic powers of Asian countries as China and other Asian countries and Brazil take a leading role in dictating the pace of the world economy.

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China according to the report, would just leap above the US before 2030 as the world’s biggest economy.

Other powers including Nigeria according to the report, would also jump to the top in global economic ranking.

“In addition to China, India, and Brazil, regional players such as Colombia , Indonesia , Nigeria , South Africa and Turkey will become especially important to the global economy,” the report says.

“The diffusion of power among countries will have a dramatic impact by 2030. Asia will have surpassed North America and Europe combined in terms of global power, based upon GDP, population size, military spending, and technological investment.

“China alone will probably have the largest economy, surpassing that of the United States a few years before 2030.

“Meanwhile, the economies of Europe, Japan, and Russia are likely to continue their slow relative declines.”

Since its establishment in 1979, the NIC has served as a bridge between the intelligence and policy communities, a source of deep substantive expertise on intelligence issues even though the projections may not be exact.

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