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Nigeria an NEE (Nigeria's economy and development (Impact of economic…
Nigeria an NEE
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Importance of Nigeria
In Africa
2014 - 21st largest economy, highest GDP in Africa and 3rd largest manufacturing sector Supplies 2.7% of world's oil Important role in UN Peacekeeping forces
2014 - 21st largest economy, highest GDP in Africa and 3rd largest manufacturing sector Supplies 2.7% of world's oil Important role in UN Peacekeeping forces
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Gained independence from UK in 1960 & now belongs to the Commonwealth, the UN, OPEC, the African Union (peace keeping and economic planning group) + trading groups ECOWAS & CEN-SAD
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Nigeria supply 2.7% of the worlds oil the 12 largest producer much of the country's economic growth has been based on oil revenues but had also develop a very diverse economy which now includes finical services.
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