Nigeria: Economic situation
At a Glance
28-01-2016
After years of sustained growth, Nigeria is now Africa's biggest economy. However, with oil and gas as the main source of foreign exchange and federal government revenue, it is suffering from the fall in oil prices. Nigeria is yet to transform into a diversified and competitive modern economy. This publication updates an EPRS note of May 2015, PE 556.984.
At a Glance
About this document
Publication type
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Policy area
Keyword
- Africa
- agricultural policy
- agricultural situation
- AGRICULTURE, FORESTRY AND FISHERIES
- budget policy
- corruption
- criminal law
- economic conditions
- economic geography
- economic growth
- economic reform
- economic situation
- economic structure
- ECONOMICS
- ENERGY
- FINANCE
- GEOGRAPHY
- gross domestic product
- industrial structures and policy
- industrialisation
- INDUSTRY
- international affairs
- INTERNATIONAL RELATIONS
- LAW
- monetary economics
- monetary policy
- national accounts
- Nigeria
- oil industry
- oil industry
- public finance and budget policy
- self-sufficiency in food
- tertiary sector