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  2. Economic history of Nigeria - Wikipedia

    en.wikipedia.org/wiki/Economic_history_of_Nigeria

    The economic history of Nigeria falls into three periods. They are the: pre-colonial, the colonial and the post-colonial or independence periods. [ 1 ] The pre-colonial period covers the longest the part of Nigerian history.

  3. Nigeria and the International Monetary Fund - Wikipedia

    en.wikipedia.org/wiki/Nigeria_and_the...

    During the mid and late 1980's, Nigeria experienced a prolonged and severe economic downturn. Nigeria suffered a rapid plummet of its foreign reserves from $10 billion in early 1980s to approximately $1 billion in the mid 1980s due to overvalued currency, inflated imports, and international decline of oil prices. [4]

  4. Economy of Nigeria - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Nigeria

    The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the sixth largest in Africa and the 27th-largest in terms of ...

  5. Economy of South Africa - Wikipedia

    en.wikipedia.org/wiki/Economy_of_South_Africa

    South Africa's informal sector contributes 8% of the country's GDP and supports 27% of all working people. The South African Local Economic Development Network values the informal economy at 28% of SA's GDP. [107] Given the relevance of this input, there is a constant interest in developing actions on an inclusive urban planning for the working ...

  6. Nigeria - Wikipedia

    en.wikipedia.org/wiki/Nigeria

    Nigeria's economy is the fourth largest in Africa, the 31st-largest in the world by nominal GDP, and 30th-largest by PPP. In 2022, its GDP (PPP) per capita was US$9,148, [156] which is less than South Africa, Egypt and Morocco, but slightly higher than Ghana and Ivory Coast. As of 2023, Nigeria's economy is classified as lower-middle-income. [157]

  7. Nigerian energy supply crisis - Wikipedia

    en.wikipedia.org/wiki/Nigerian_energy_supply_crisis

    Until the power sector reforms of 2005, power supply and transmission was the sole responsibility of the Nigerian federal government. As of 2012, Nigeria generated approximately 4,000 - 5,000 megawatts of power for a population of 150 million people as compared with Africa's second-largest economy, South Africa, which generated 40,000 megawatts of power for a population of 62 million. [7]

  8. Economic history of South Africa - Wikipedia

    en.wikipedia.org/wiki/Economic_history_of_South...

    The Kingdom of Mapungubwe (c.11th – 13th century CE) was a medieval state in South Africa located at the confluence of the Shashe and Limpopo rivers. This saw the beginnings of South Africa's gold and ivory trade [5] [6] and the production of jewelry and art.

  9. Rural development in Nigeria - Wikipedia

    en.wikipedia.org/wiki/Rural_development_in_Nigeria

    One of the plan's key features was the usage of resources generated from oil production to increase the economy's production capacity and to ensure self-sustaining economic growth. Despite Nigeria's economy being heavily centred around the export of oil, with it composing roughly 80% of government revenue, the plans to finance the fourth ...