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Nigeria is #1 / #2 wealthiest country in Africa (GDP). It ranks amoung the highest in terms of advanced degree graduates in Africa. But it has a extremely low H
by joewee 10y ago
Nigeria is #1 / #2 wealthiest country in Africa (GDP). It ranks amoung the highest in terms of advanced degree graduates in Africa. But it has a extremely low Human Development Index, there isn't much opportunity for the educated. Nigerians outside of Nigeria will generally be better educated than the local workforce but unable find work for various reasons. Common issue in Europe, where many 419 scams actually operate from.
This is a case of smart people taking advantage of the less intelligent / informed.
- 6stringmerc 10y agoIntelligent people with time on their hands an on the border of desperation makes logical sense that petty crime or white-collar type fraud crimes would extremely appealing. High ROI.
- joewee 10y agoI think its the reason why there's a lot of cyber crime from eastern Europe.
- hilop 10y agoWhat's the Gini coefficient on that GDP?
- schoen 10y ago43.0, according to Wikipedia.
- mikk14 10y agoNigeria is not the wealthiest country in Africa, not even close. They have the highest GDP just because they have twice the population of the second most populous country in Africa. If you look at GDP per capita, they're barely scraping the top 20 of Africa [1] which, as you can expect, is not very high. It's growing, though. [1] https://en.wikipedia.org/wiki/List_of_African_countries_by_GDP_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_African_countries_by_G...
- joewee 10y agoNigeria has a higher per capita than India, which is considered the #7 economy in the world. What low per capita income tells me is that despite being a wealthy country citizens don't have a lot of opportunity to earn wealth. Which is my point.