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What natural resource contributes greatly to the economy of Nigeria Libya and Algeria?
The natural resource that significantly contributes to the economies of Nigeria, Libya, and Algeria is oil. These countries are among the largest oil producers in Africa, with oil exports being a primary source of revenue. In Nigeria, oil accounts for a substantial portion of government revenue and foreign exchange earnings, while Libya and Algeria also rely heavily on oil exports to support their economies and fund public services. The volatility of global oil prices can greatly impact their economic stability and growth.
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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?
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
What natural resource contribute significantly to the economy of Nigeria Libya and Algeria?
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?
is nigeria a market economy, or a custom based economy, or directed.
What economy does Algeria have?
Maybe
Does Algeria have a market economy?
yes, it has a market economy.
Is Nigeria economy good?
Yes it does Nigeria actually has the best economy in Africa
What is the impact of universal banking in Nigeria economy?
What is the impact of universal banking on nigeria economy
The importance of community service in the Nigeria economy?
what are the importance of community service to nigeria economy
What is the Meaning of Structure of Nigeria Economy?
The Structure of Nigeria Economy means, how resources are woned and how Production, Distribution and Consumption are managed in Nigeria.
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.
How does importation devalues the Nigeria's economy?
it devalues nigerias economy because 50% of goods in nigeria are imported
