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Nigeria has been getting a lot of bad press lately, owing largely to the militant Islamist group Boko Haram's abduction of more than 200 schoolgirls in April, part of a brutal campaign of kidnappings, bombings and murder.In fact, a recent yearlong study by the McKinsey Global Institute showed that, over the next 15 years, Nigeria has the potential to become a major global economy.With roughly 170 million inhabitants, Nigeria has Africa's largest population. MGI estimates that from 2013 until 2030, Nigeria could expand its economy by more than 6 percent annually, with its GDP exceeding $1.6 trillion – moving it into the global top 20 . Moreover, if Nigeria's leaders work to ensure that growth is inclusive, an estimated 30 million people could escape poverty.For example, many believe that Nigeria is a petro-economy, wholly at the mercy of the world oil market.In fact, as Nigeria has diversified its economy and detached public-spending plans from current oil prices (part of a 2004 budget reform), it has become increasingly stable, both economically and fiscally.
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