Nigeria - Fast Facts

By: EconomyWatch   Date: 30 June 2010

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Nigeria is a Lower income economies coming under the Sub Saharan African region as to the classification made by the World Bank on the basis of income and region for the year 2006.

The petroleum reserves in Nigeria acts as a major contributor to the country's economy. The economy has suffered from the problems of corruption over the years. Among the various sectors of the economy, the performance of the industries is note worthy. It holds the larger share in the total GDP in the country.

Major agricultural products in the country are palm oil, cocoa, rice, and maize. Important industries are coal, tin, crude oil, palm oil, rubber, textile and cement.

Nigeria Economy

 


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