Nigeria: Economic situation
At a Glance
06-05-2015
After years of sustained growth, Nigeria has become Africa's biggest economy, but is currently experiencing the strong impact of declining oil prices. The share of the oil and gas sector in the economy has diminished, but the sector remains the main source of foreign exchange and federal government revenues. The country is yet to transform its economy into a diversified and competitive modern economy.
At a Glance
About this document
Publication type
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Policy area
Keyword
- Africa
- agricultural production
- AGRICULTURE, FORESTRY AND FISHERIES
- economic conditions
- economic geography
- economic growth
- economic policy
- economic situation
- ECONOMICS
- employment
- EMPLOYMENT AND WORKING CONDITIONS
- energy resources
- ENVIRONMENT
- farming systems
- FINANCE
- financing and investment
- foreign investment
- GEOGRAPHY
- natural environment
- Nigeria
- social framework
- social inequality
- SOCIAL QUESTIONS
- sustainable development
- unemployment