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Reply to "Top 10 African Countries with the Most Millionaires"

3. Nigeria – 16,000 Millionaires

 

Lagos Nigeria

Nigeria recently overtook South Africa as Africa’s largest economy. As the most populous country in Africa at 177.2 million, the country is home to 16,000 millionaires, over a 300 percent increase since 2000, according to Business Insider. Oil has been a dominant source of government revenues since the 1970s, but Nigeria’s economy is also driven by a growth in agriculture, telecommunications and services.

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