Nigeria's Economy

Nigeria's economy is one of Africa's largest, heavily reliant on oil exports, which account for a significant portion of government revenue and foreign exchange. Aside from oil, agriculture and services also contribute to economic activity. The country faces challenges like unemployment, inconsistent infrastructure, and economic inequality. Recent efforts aim to diversify the economy through sectors like manufacturing, technology, and agriculture to reduce dependence on oil. Despite these challenges, Nigeria's large population offers a vast workforce and market, making it an important player regionally and globally. Overall, Nigeria's economy is dynamic, with significant growth potential alongside structural hurdles.