Our Product

or on the nigerian economy

Nigeria Economy Britannica

The Nigerian economy is one of the largest in Africa. Since the late 1960s it has been based primarily on the petroleum industry. A series of world oil price increases from 1973 produced rapid economic growth in transportation, construction, manufacturing, and government services.

More

Implications of COVID-19 on Nigeria’s Economy

The ravaging global health epidemic is threatening to expose Nigeria’s economy at risk as seen from the negative impact on oil price, which Nigeria’s economy and for the implication of 2020

More

Economy of Nigeria Wikipedia

The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. [citation needed] It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity. Nigeria has the largest economy in Africa; its re

More

Nigeria Economy GDP, Inflation, CPI and Interest Rate

26/05/2020· Nigeria Economic Outlook. September 22, 2020. The economy contracted at the sharpest pace in over 15 years in Q2 due to the twin shock of low crude prices and Covid-19. Lockdowns pummeled the non-oil segment of the economy, with the manufacturing, transport and trade sectors among the worst hit. The vital oil sector also reeled as the pandemic’s fallout sapped demand for the

More

Nigeria Economy: Population, GDP, Inflation, Business

Nigeria is ranked 14th among 47 countries in the Sub-Saharan Africa region, and its overall score is slightly above the regional average and well below the world average. The Nigerian economy has...

More

The implication of Covid-19 pandemic on the Nigerian

13/04/2020· In the spirit of economic recovery and growth sustainability, the Nigerian federal budget for the 2020 fiscal year was prepared with significant revenue expectations but with contestable realizations. The approved budget had projected revenue collections at N8.24 Trillion, an increase of about 20% from 2019 figure.

More

Covid-19: Impact on Nigeria’s economy Businessday NG

The National Bureau of Statistics (NBS) reported that the Nigerian economy advanced by 2.55 percent in the last quarter of 2019. If the Covid-19 pandemic is not contained, and oil price continues to plunge, the Nigerian economy may contract into a negative.

More

The effects of Coronavirus on Nigeria’s economy

23/03/2020· Nigeria operates a largely mono product economy solely dependent on crude oil. Past and even the present government had on many occasions mouthed the need to take the economy out of dependence on...

More

Nigerian economy set to rebound in first quarter of 2021

16/09/2020· Abuja, Nigeria (PANA) The Federal Government has predicted that the Nigerian economy will rebound to positive territory in the first quarter (Q1) of 2021

More

These are the fastest growing sectors of the Nigerian

Nigeria’s food inflation has more than doubled since August 2015, exactly 5 years after the Buhari Administration took charge of the Nigerian economy. This was determined by comparing the composite index for food inflation rate in August 2020 versus same period in 2015. The difference is a whopping 108% increase in inflation rate, in just 5

More

Nigerian economy and traumatic impact of Covid-19

Specifically, the Nigerian economy, which was already fragile before the outbreak of coronavirus late in 2019, was among the sectors worst hit by the pandemic. Speaking recently on the effect of COVID-!9 on the Nigerian economy, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said that prior to the outbreak of the coronavirus pandemic, the Nigerian economy was already

More

Post COVID-19: A call to diversify the Nigerian economy

Apparently, Nigeria needs to look beyond the revenue generated by this sector of the economy, and consider the need to diversify its economy through exportation of “agricultural products” for additional revenue. Before the advent of crude oil, the agricultural sector had contributed up to 60 percent to the total national GDP Ukeji (2003), through its major export of cocoa in 1960. The

More

The need for diversification of the Nigerian economy

Diversification of the Nigerian economy is what the country needs in the 21st century. The numbers speak for themselves. Oil makes over 80 percent of all the country’s revenue and the exportation of crude oil brings nearly 98 percent of all the export earnings. No country can totally depend on only one economic sector. Besides, Nigeria has natural resources in agriculture. With the long

More

Outlook on the Nigerian Energy Market and its

Figure 16 Nigerian Economic Growth closing in on the Population Figure 17 World Consumption of Primary Energy Figure 18 Position of the size of the Nigerian economy amongst its peers in the world Figure 19 Petrol Econometric Model Statistics Figure 20 Diesel Econometric Model Statistics Figure 21 Domestic Petroleum Product Consumption Figure 22 Liquid Fuels Demand Figure 23

More

Nigeria Overview World Bank

While Nigeria has made some progress in socio-economic terms in recent years, its human capital development remains weak due to under-investment and the country ranked 152 of 157 countries in the World Bank’s 2018 Human Capital Index. Furthermore, the country continues to face massive developmental challenges, which include the need to reduce the dependency on oil and diversify the economy

More

Is the Nigerian economy capitalist, socialist or mixed

The Nigerian economy is neither strictly capitalist nor socialist. Source: Stephen Corr. Share this story. Capitalism is an economic system where private individuals or businesses control the exchange of economic goods for a profit. The production of goods and services is based on supply and demand a market economy. In a socialist system, the production and distribution of goods is

More

STRUCTURE OF THE NIGERIAN ECONOMY Information

STRUCTURE OF THE NIGERIAN ECONOMY. Economics directs people on the way in which they will make choices in times where they are alternatives to the wants and needs of a person. Economy studies all activities which are directly or indirectly involved in the production, exchange, and distribution of goods in the economy of a country. Economics studies the production and market activities such as

More

The effects of Coronavirus on Nigeria’s economy

Nigeria operates a largely mono product economy solely dependent on crude oil. Past and even the present government had on many occasions mouthed the need to take the economy

More