 148 millions of inhabitants  GDP = M$  the third in Africa behind South Africa and Algeria  main source of income of the country: oil and gas  Oil > 95% of export earnings and 80% of national income

 Largest oil producer in Africa  Nigeria has 31% of reserves on the continent  7th world gas reserves  Nigeria is the main destination, after South Africa, of FDI flows to Africa  Nigerian banking system: one of the most developed on the continent  Prominent political role at both regional and continental level

 The lack of redistribution of oil wealth  An economy overly dependent on oil revenues  Deficient transport infrastructure and energy  Poverty affects 70% of the population