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 148 millions of inhabitants  GDP = 165 690 M$  the third in Africa behind South Africa and Algeria  main source of income of the country: oil and.

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Presentation on theme: " 148 millions of inhabitants  GDP = 165 690 M$  the third in Africa behind South Africa and Algeria  main source of income of the country: oil and."— Presentation transcript:

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2  148 millions of inhabitants  GDP = 165 690 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

3  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

4  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


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