Search results
Results from the WOW.Com Content Network
Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits. [57] By 2015, Nigeria's inflation stood at 9%. In 2005, the federal government had expenditures of US$13.54 billion but revenues of only US$12.86 billion, resulting in a budget deficit of 5%.
Nigeria : a country study. Library of Congress, Washington, D.C. 20540 USA; McPhee, A. The Economic Revolution in British West Africa (1926). Martin, Susan M. Palm oil and protest: an economic history of the Ngwa region, south-eastern Nigeria, 1800-1980 (Cambridge University Press, 2006). Robinson, Ronald, and Jack Gallagher.
Nigeria is currently the most populated country in Africa and it is also the biggest oil exporter and in addition to this, it has the second biggest economy in Africa. All of these qualities make it a country with great economic potential, but Nigeria also faces great development challenges. [ 3 ]
Nigeria's economy is the fourth largest in Africa, the 31st-largest in the world by nominal GDP, and 30th-largest by PPP. GDP (PPP) per capita is US$9,148 [155] (as of 2022), which is less than South Africa, Egypt and Morocco, but slightly higher than Ghana and Ivory Coast.
UNDP has been supporting the government and its people by addressing development challenges, strengthening and building institutions that promote inclusive sustainable development and democratic governance. [19] For example, during the COVID-19 crisis, UNDP partnered with Japan to support Nigeria's health and socio-economic response. [20]
Logo of the Nigeria Vision 2020. Nigeria Vision 2020 (also stylized as NV2020) was a strategic framework for the Federal Republic of Nigeria to develop its economic and political strength to the point by 2020, “Nigeria will be one of the 20 largest economies in the world, able to consolidate its leadership role in Africa and establish itself as a significant player in the global economic and ...
China has supported Nigeria's bid for a seat in the U.N. Security Council. [226] In July 2019, UN ambassadors of 37 countries, including Nigeria, have signed a joint letter to the UNHRC defending China's treatment of Uyghurs and other Muslim minority groups in the Xinjiang region. [227] [228] China has an embassy in Abuja and a consulate ...
Three billion people in developing countries across the globe rely on biomass in the form of wood, charcoal, dung, and crop residue, as their domestic cooking fuel. [103] Because much of the cooking is carried out indoors in environments that lack proper ventilation, millions of people, primarily poor women and children face serious health risks.