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Nigeria has the potential but not the political will to implement it unfortunately.
Its a member of OPEC and has large reserves of oil which could greatly benefit the people. The problem is that the government is notoriously corrupt and inefficient and the population is exploding-it has the highest birthrate in Africa!
There is also a Marxist guerrilla force that continues to pressure the government and has repeatedy shut down oil production. Nigeria and the rest of Sub-Saharan Africa, except South Africa, are doomed to remain mired in poverty and high population rates and rampant corruption.
What else can I help you with?
What Countries in Africa have federal government?
Only Nigeria does.
Is there an ocean or a sea surrounding the Republic of Nigeria?
The Atlantic Ocean lies to the south of Nigeria. To the east, west, and north of Nigeria is land, occupied by its neighbor African countries.
What 2 countries in Africa are named for the Niger river?
Niger and Nigeria.
Why is Nigeria one of the richest countries in Africa?
Nigeria is one of the richest country in africa, because god bless us with natural resource.
What is the top oil producing country in western Africa?
Nigeria is has the largest population of all countries in OPEC. In 1956, oil was discovered for the first time in Oloibiri, Nigeria's Bayelsa State.
Which has the strongest economy in Africa?
Nigeria has the strongest economy in Africa. The only set back that Nigeria has is that it is yet to have strong economic/government policies in place to stablize the economy. But no doubt, Nigeria has the strongest economy.
What countries have Traditional economic?
nigeria
Where are nigeria in the richest country in Africa rankings?
Nigeria is usually ranked among the top three richest countries in Africa, along with South Africa and Egypt. Nigeria's economy is driven by oil production, agriculture, telecommunications, and services, but challenges such as corruption and security issues hinder its full economic potential.
Where the Anglophone countries in ecowas?
The Anglophone countries in the Economic Community of West African States (ECOWAS) are Ghana, Nigeria, Sierra Leone, and The Gambia. These countries have English as their official language and share historical ties to British colonial rule. They participate in ECOWAS alongside Francophone and Lusophone countries in the region to promote economic integration and cooperation.
What are the countries of Nigeria?
Benin,Chad,Niger,Cameroon are countries of Nigeria
Strongest tribes in Nigeria?
the Yoruba people
How has the globalization trend affects economic operation of Nigeria?
How has the globalization trend affects economic operation of nigeria?"
How many anglophone countries are in ECOWAS?
There are five anglophone countries within the Economic Community of West African States (ECOWAS): The Gambia, Ghana, Liberia, Nigeria, and Sierra Leone.
Which are countries where Nigeria passport holders do not need a free visa to get to?
visa free countries with nigeria passport
What is the full meaning of EFCC Nigeria?
Economic and Financial Crimes Commission Nigeria.
What is the economic significance of insurance market in Nigeria?
Economic Melt Down.
How has small business outlived their use-fullness emancipation in Nigeria economic?
How has small business outlived their use-fullness emancipation in nigeria economic?
