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Nigeria

Nigeria ยท NGA ยท Africa

60

Risk Score

Highโ†’ Stable

Risk Factors

Active conflict (structural)
No recent events in pipeline

Overview

Nigeria is Africa's most populous nation and largest economy, rich in oil and gas resources. It faces significant challenges including insecurity, corruption, high inflation, and the need for economic diversification beyond its dominant petroleum sector.

Leadership

Bola Ahmed Tinubu

President

GOVERNMENT: Federal presidential republic

Kashim Shettima

Yusuf Tuggar

Wale Edun

Economy

GDP

$520.0B

GDP per Capita

$2.4K

GDP Growth

+3.5%

Inflation

18.0%

Unemployment

4.5%

Oil and gasAgricultureManufacturingServicesTelecommunications

Trade

Key Exports

Crude oilNatural gasCocoaRubberSesame seeds

Key Imports

MachineryChemicalsTransport equipmentManufactured goodsFood and live animals

Top Partners

IndiaSpainUSAChinaNetherlands