Nigerian economy

Nigeria’s economy is diverse, driven mainly by oil exports, which fund the government and foreign revenue. However, it also has agriculture, manufacturing, and services sectors. Despite oil wealth, many Nigerians face unemployment and poverty due to economic inequalities, corruption, and infrastructure challenges. The country’s economy is influenced by global oil prices, requiring diversification for stability. Efforts to develop other sectors aim to create jobs, boost growth, and improve living standards. Nigeria’s economy is complex, balancing resource dependence with growth ambitions and development hurdles.