Nigeria has one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report released in July 2014 by the World Bank. Poverty may have been overestimated because the country's economy is now being understood more and more. Poverty still remains significant at 33.1% in Africa's biggest economy. For a country with massive wealth and a huge population to support commerce, the level of poverty remains unacceptable. over the last decade), a well-developed economy, and plenty of natural resources such as oil.