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Q: What natural resource contributes greatly to the economy of Nigeria Libya and Algeria?
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What natural resource contributes significant to the economy of Nigeria Libya and Algeria?

Oil.


What natural resource contributes to the economy of nigeria?

Petroleum is the key natural resource that significantly contributes to the economy of Nigeria. The country is one of the largest producers of oil in Africa, and petroleum exports account for a large portion of Nigeria's revenue and foreign exchange earnings.


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Libya's centrally planned economy depends primarily upon revenues from the Petroleum sector, which contributes practically all export earnings and over half of GDP. As for the rest, I'm assuming falls under the category of 'Natural oil' and ETC


Does Nigeria have a market economy?

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The Structure of Nigeria Economy means, how resources are woned and how Production, Distribution and Consumption are managed in Nigeria.