Abstract: This paper analyzes the African and by extension Nigeria‟s economic future. The study adopted the dependency theory and the methodology is basically secondary data that were utilized for the analysis. In the findings, the paper found that despite the recovery in the second half of the past decade, economic conditions in Africa remain highly fragile. Only a handful of countries in Sub-Saharan Africa (SSA) have been able to combine relatively rapid growth with rising domestic investment and savings, but even in their case economic performance continues to depend heavily on conditions beyond their control, including commodity prices, capital lows, weather and political stability in their neighborhood. Projections for the region under recent trends with respect to key variables such as capital flows, terms of trade, and investment and savings rates, as well as growth prospects in the rest of.....
Keywords: Africa, Development, Undevelopment, Economy, African Economy
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