Is Nigeria Considered a Developing Country?

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.

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.