Nigeria

Country Description

Nigeria has largest economy in Africa, is the world’s 8th largest oil exporter, and its oil reserves are estimated at about 35 billion barrels. It is also one of the lead exporters of liquefied natural gas, which accounts for an additional 15.5% of exports. Nigeria also extracts tin ore and coal for domestic use. Other natural resources include iron ore, limestone, niobium, lead, zinc and arable land. Agriculture is another key sector of the Nigerian economy; the Southern and Central regions of the country produce yam, rice, and maize while the Northern regions produce sorghum, millet, rice, and livestock farming. Other major crops include beans, sesame, cashew nuts, cassava, cocoa beans, rubber, soybeans, and bananas.