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Will Nigeria Overtake South Africa as Regional Powerhouse?

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Following Nigeria's announcement that calculations of its Gross Domestic Product (GDP) may have been underestimated over the last two decades, the country's economy has been portrayed much more optimistically by mainstream media. The Financial Times headline 'Nigeria: No 1 in Africa by 2014?' in its special edition on emerging markets, Beyond Brics, is a case in point. Similarly, headlines such as 'Nigerians optimistic about economic prospects' or 'Nigeria wins ratings upgrade for tight fiscal policy' from The Guardian and Reuters, respectively, capture the media's changing attitude towards Africa's most populous nation.
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