Sola Tayo, a Nigeria expert at the London-based think tank Chatham House, said that if the attacks spread to the south of the country the effect on the economy would be “catastrophic,” adding that Boko Haram has threatened to strike Lagos, the country’s economic hub, and has more recently threatened to start attacking oil pipelines in the Niger Delta. Last month, according to a new valuation, Nigeria is now recognized as Africa's largest economy. But doing business in Nigeria is "not a place for the faint-hearted," according to the Economist.
In the north, “thousands of Nigerians have died, schools and colleges have been closed, and the region's economy has been ripped apart,” reports Robin Dixon. And because of such dynamics, Rona Peligal, deputy director of Human Rights Watch's Africa Division, told FoxNews.com, “I don’t put too much stock in Nigeria becoming the largest economy in Africa. I think this episode, if anything, shows that Nigeria, while large and productive, also has some very troubling governance problems to contend with while being an economic powerhouse.”
Also see: Religious Hostilities Weigh Down World's Extremely Poor in 5 Countries, including Nigeria
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