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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 fourth largest in Africa and the 27th-largest in terms ...
The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1]
The following table presents a listing of Nigeria's 36 states ranked in order of their estimated total GDP in 2021 according to a 2022 report by BudgIT. [ 1 ] Rank
Trump initially promised during his campaign to institute a 10-20% tariff on all imports, and as high as 60% on goods from China. Economists worry that his tariff plan will raise the prices of ...
Agricultural import tariffs; Diet diversification; Agricultural infrastructure; Volatility of agricultural production; Proportion of population under the global poverty line; Gross domestic product per capita (US$ PPP) Presence of food safety net programs; Access to financing for farmers; Public expenditure on agricultural R&D; Corruption ...
Indian exports to Nigeria during the period 2018-19 were US$3 billion and India's imports from Nigeria during same period 2018-19 were worth US$10.88 billion. Nigeria was the fifth biggest seller of crude oil and third biggest seller of LNG after Qatar and UAE in year 2020 to India.In year 2020-2021 USA stood second after Iraq as the biggest ...
An economic rebound among some countries has been evident in recent years, however. [23] [24] [25] The dawn of the African economic boom (which is in place since the 2000s) has been compared to the Chinese economic boom that had emerged in Asia since late 1970s. [26] In 2013, Africa was home to seven of the world's fastest-growing economies. [27]
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. Africa and the Victorians (1961).