South Africa is facing the possibility of losing their mining titles, therefor the South African government is trying to nationalize their mines. With South Africa's lose of many mining investors, Nigeria is now trying to reach out and claim these mining investors. Musa Sada, the Minister of Mines and Steel Development in South Africa, has discussed with many investors the opportunities offered in Nigeria. "The groups are willing to come into the country to invest in the coal development on agreed partnership terms for the local market, which means they would be supplying fuel for the other investors interested int running the power plants," Sada said.
Is Nigeria ready for an even larger global economy? Many think yes, and if they are not then they will adjust to this new type of economy, because the economic benefit is to great to pass up. Over the past decade, Nigeria has been trying to expand their economy into the global world, and this could be the answer. This could be a clear cut path for the Nigerians to build their economy off. Due to the fact that the investors have been through the process already, and already know the markets to send the raw materials to, this would only be beneficial as well as a confidence booster for the Nigerians. This could also show the people of Nigeria that there is a way to do business without the interference of the government.
This relates back to class because it could be one of the first steps toward the country moving from a least developed country towards a developed country. This economic growth could be beneficial to the Nigerians in many ways. One of the best things this new economy could do, is unite the Nigerian people under the new global economy, and could even one day stop the violence between the two religious groups. Another benefit of the investors is the fact that it could be a distraction to the people, and could help stop all the violence coming from the upcoming election.
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