Question

According to the article on Nigeria, why the recent influx of foreign-owned businesses?

		Nigeria has very little poverty
		The end of military rule in Nigeria
		Nigeria has a growing wealthy class
		Nigeria's rapidly growing middle class with new discretionary income

Answer 1

Here, option (d) is the correct answer

As per the statistics, the poverty rates of Nigeria is higher among the African countries. More than 82 billion people live on less than a dollar per day in Nigeria. Thu, the statistics reveals that almost 40% of the people of Nigeria lives in poverty and hence the statement (a) is false.

The military rule in Nigeria ended almost two decades ago and the military coup had an organization which went for nearly preceding three decades. Thus, all the actions that was realised finally in to a military coup had great impacts on the economy of Nigeria and hence option (b) is false.

The wealthy class of Nigeria is not on a growing stage and hence option (c ) is false.

According to the statistics, Africa is one of the leading continents that has a huge rise in the middle class and thus is a major economic booster that would attract much of the FDI to the various developing nations within the same. Nigeria is no different. Even though most of the population live in poverty, the influx of technology and manufacturing methods as a result of globalisation and modern international economics has resulted in the development of the middle class in the nation which has been instrumental in attracting much of the foreign aid to the nation.