The Next Eleven (or N-11) are eleven countries—Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam—identified by
Goldman Sachs investment bank as having a high potential of becoming the world's largest economies in the 21st century along with the BRICs Wikipedia
Africa is represented by two countries;
i. Nigeria
– Improved political stability in the oil-producing nation has gone a long way in growing the economy and diversifying it from oil- dependent which was a problem caused by the former military regime
-High rate of population growth creating a massive consumer market (150 million)
-According to the Oil and Gas Journal, Nigeria had an estimated 37.2 billion barrels of proven oil reserves and 185 trillion cubic feet (Tcf) of proven natural gas reserves as of January 2010, what more can I say?
ii. Egypt
-Egypt has arguably the most stable economy in the Middle East and North Africa enjoying continuous growth, averaging 4%–5% in the past 25 years
-Under comprehensive economic reforms initiated in 1991, Egypt has relaxed many price controls, reduced subsidies, reduced inflation, cut taxes, and partially liberalized trade and investment.
-Being located between Africa, Middle East and Europe, Egypt has grown into a commercial hub for the region
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