Claim: Nigeria is part of The Next Eleven countries alongside Egypt and South Korea according to Jim O'Neil.
Evidence: It is also listed among the `` Next Eleven '' economies set to become among the biggest in the world.
The Next Eleven -LRB- known also by the numeronym N-11 -RRB- are the eleven countries -- Bangladesh , Egypt , Indonesia , Iran , Mexico , Nigeria , Pakistan , the Philippines , Turkey , South Korea and Vietnam -- identified by Goldman Sachs investment bank and economist Jim O'Neill in a research paper as having a high potential of becoming , along with the BRICS countries , among the world 's largest economies in the 21st century.