nigeria - not rated fraser institute report, page-6

Could well be the case bob. Look at another post from Wealthcre8or back on 22/3 (sentiment - LT Buy):

"My research in Nigeria reveals the following key points for consideration;

February 2011: According to Citigroup, Nigeria will get the continuous highest average GDP growth in the world between 2010 & 2050. Nigeria is one of two countries from Africa among 11 Global Growth Generators countries.

Nigeria now the second largest economy in Africa (following South Africa), and the largest economy in the West African Region.

Nigeria made history in April 2006 by becoming the first African Country to completely pay off its debt (estimated $30 billion) owed to the Paris Club.

Nigeria also has a wide array of underexploited mineral resources which include natural gas, coal, bauxite, tantalite, gold, tin, iron ore, limestone, niobium, lead and zinc. Despite huge deposits of these natural resources, the mining industry in Nigeria is still in its infancy."