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Nigeria's Wealth Gap

Why does Africa's richest economy still have some of the continent's poorest citizens? Business Daily looks at the gap between the richest and the poorest in Nigeria.

Africa's most populous nation, Nigeria, is now its richest with sustained growth in its GDP, much of it from the burgeoning oil sector. In cities like Lagos, it is now common to see lavish sports cars and the latest SUVs unloading affluent citizens into some of the continent's most expensive restaurants.

On the other hand, it is a country where desperate poverty persists. The majority still live on just one or two dollars a day. Business Daily looks at the highs and the lows of Nigeria's economy. Plus, Ed Butler asks Nigeria's finance minister Ngozi Okonjo-Iweala how much insecurity in the country is damaging the economy.

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18 minutes

Last on

Thu 10 Jul 2014 07:32GMT

Broadcast

  • Thu 10 Jul 2014 07:32GMT

Podcast