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Published byDenis Brown Modified over 9 years ago
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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 gas Oil > 95% of export earnings and 80% of national income
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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
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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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