Nigeria's Economy

Nigeria is one of Africa's largest economies, heavily shaped by petroleum. Oil and gas dominate export earnings and government revenue, which makes fiscal policy sensitive to global energy prices.

Levers

• Central Bank of Nigeria (CBN). Sets the prime rate; manages the Naira (NGN) and inflation.
• Petroleum sector. A central driver of Federal Allocations and the trade balance.
• Diversification. Agriculture, services, and power-sector reform are perennial policy themes.