Q:

Is Nigeria considered a developing country?

A:

Quick Answer

Nigeria appears to be a member of the developing world, however there is some debate among the general public as to whether Nigeria is in fact a developing country, according to statistics collected by the World Bank. Though Nigeria is a third-world country and could be considered part of the developing world, there are a few strong arguments to justify Nigeria's completed development and many arguments to justify Nigeria's status as an underdeveloped country.

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Full Answer

The statistics surrounding the economic environment in Nigeria are about on par with comparative countries in the developing Sub-Saharan region. The GDP of Nigeria is slightly higher than that of other countries within that area. However, with a low life expectancy (the average life span in Nigeria is 52 years) and a high poverty rate (46 percent), to the outside observer it would definitely appear that Nigeria still lacks a great deal of development.

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