chapter  3
THE ECONOMY OF NIGERIA
ByO. ABOYADE
Pages 59

By area and population, Nigeria is one of the bigger countries of Africa. In terms of economic potential, it is also usually lauded as one of the most hopeful. Yet in recent times, Nigeria's image of development effectiveness has been criticized unfavourably by some observers at home and abroad. Its pace of recent performance and immediate future prospects were recently characterized, in the words of a Nigerian economist, as a tale of false hope.1