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Topic: Economy of Nigeria

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	Nigeria - Economy (Site not responding. Last check: 2007-10-09)
		Nigeria has a dual economy with a modern segment dependent on oil earnings, overlaid by a traditional agricultural and trading economy.
		Nigeria used to be one of the largest producers of tin in the world, with production based around the highland district of Jos.
		Nigeria has a major debt problem - at the end-1997 it stood at $28.5bn, representing 76% of GNP and 157% of annual export earnings; at the end of March 2001 the IMF estimated debt to have reached US$32,3bn.
	www.iss.co.za /AF/profiles/Nigeria/Economy.html (1194 words)

	Nigeria - ECONOMY
		A MAJOR FEATURE of Nigeria's economy in the 1980s, as in the 1970s, was its dependence on petroleum, which accounted for 87 percent of export receipts and 77 percent of the federal government's current revenue in 1988.
		Nigeria's climate permits the cultivation of a variety of crops in a pattern that emerged in earlier centuries in response to local conditions.
		Nigeria's forests can be divided into two principal categories: woodlands and forests of the savanna regions (fourfifths of the country's forest area) that are sources of fuel and poles, and rainforests of the southern humid zone that supply almost all domestic timber and lumber, with fuelwood as a byproduct.
	www.mongabay.com /reference/country_studies/nigeria/ECONOMY.html (11603 words)

	Nigeria Economy
		Along with the endemic malaise of Nigeria's non-oil sectors, the economy continues to witness massive growth of "informal sector" economic activities, estimated by some to be as high as 75% of the total economy.
		Although the trade balance overwhelmingly favors Nigeria, thanks to oil exports, a large portion of U.S. exports to Nigeria is believed to enter the country outside of the Nigerian Government's official statistics, due to importers seeking to avoid Nigeria's excessive tariffs.
		Nigeria does not have a formal IMF program, but relations with the IMF and the World Bank have improved since April 2003.Any long-term debt relief will require strong and sustained economic reforms over a number of years.
	www.traveldocs.com /ng/economy.htm (2422 words)

	Nigeria's economy at the crossroads
		Nigeria's economy, moreover, is burdened by the biggest external debt in Africa, while its heavy dependence on oil revenue left it vulnerable to the plummeting prices of the past two years.
		Opinion in Nigeria is divided on whether the failure of the reform process to turn the economy around was due to weak implementation or the inappropriateness of the policies, which included currency devaluation, the abolition of import licensing, dismantling of commodity boards and deregulation of banking.
		Nigeria's economy also could gain substantially if the government is able to persuade Nigerians with funds abroad to repatriate their capital to boost investment and demonstrate confidence in the new order.
	www.un.org /ecosocdev/geninfo/afrec/subjindx/131nigr1.htm (3904 words)

	Economy of Nigeria
		Economy - overview: The oil-rich Nigerian economy, long hobbled by political instability, corruption, and poor macroeconomic management, is undergoing substantial economic reform under the new civilian administration.
		Nigeria's former military rulers failed to diversify the economy away from overdependence on the capital-intensive oil sector, which provides 20% of GDP, 95% of foreign exchange earnings, and about 65% of budgetary revenues.
		Nigeria is a member of the Organization of Petroleum Exporting Countries (OPEC), and in mid-2001 its crude oil production was averaging around 2.2 million barrels per day.
	www.fastload.org /ec/Economy_of_Nigeria.html (2662 words)

	Nigeria: NIGERIA - THE COLONIAL ECONOMY, 1860-1960 - OnlineNigeria.com (Site not responding. Last check: 2007-10-09)
		Nigeria: NIGERIA - THE COLONIAL ECONOMY, 1860-1960 - OnlineNigeria.com
		Thus during the early decades of colonial rule, the colonial authorities in Nigeria were concerned with the provision of basic infrastructure and services in the country to the extent that they were required to enhance the sourcing and shipment of raw materials to Britain.
		The economies of the Nigerian people during both the pre colonial and colonial periods were able to sustain these trading links, as well as substantial population increases, settlement spread into frontier areas or regions, and urbanisation at the time.
	www.onlinenigeria.com /links/adv.asp?blurb=467 (1974 words)

	Nigeria - Economy
		Oil-rich Nigeria, long hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management, is undertaking some reforms under a new reform-minded administration.
		Nigeria's former military rulers failed to diversify the economy away from its overdependence on the capital-intensive oil sector, which provides 20% of GDP, 95% of foreign exchange earnings, and about 65% of budgetary revenues.
		Nigeria pulled out of its IMF program in April 2002, after failing to meet spending and exchange rate targets, making it ineligible for additional debt forgiveness from the Paris Club.
	www.exxun.com /Nigeria/e_ec.html (701 words)

	Nigeria Economy, Nigeria Economy, People, Culture, Flag People, Culture, Flag
		Nigeria is made up of three large ethnic groups - the Hausa-Fulani, Yoruba, and Igbo- who represent 70 percent of the population.
		The oil-rich Nigerian economy, long caught in political instability, corruption, and poor macroeconomic management, is undergoing substantial reform under the new civilian administration.
		Nigeria has seen seven coups in 32 years, during which the military rulers had failed to diversify the economy away from over dependence on the capital-intensive oil sector, which provides 20% of GDP, 95% of foreign exchange earnings, and about 65% of budgetary revenues.
	www.mapsofworld.com /country-profile/nigeria1.html (406 words)

	Nigeria: The Nigerian Economy In The 21st Century - OnlineNigeria.com (Site not responding. Last check: 2007-10-09)
		Nigeria's eco nomic decline, especially during the last 20 years is illustrated by the fact that per capita income, which was US $1000 in 1965 had declined to US $300 by 1998.
		Nigeria in the process of making up for the sub is stantial ground she has lost in her quest for devel :h opment, especially in the last 20 years, must do so)y within the context of a world economy charac >d terised by some significant features.
		Nigeria is well endowed with raw materials and natural resources which, with the application of appropriate technology and production processes, will promote linkages between her raw and natural resources, production capability, and industry.
	www.onlinenigeria.com /links/adv.asp?blurb=498 (1551 words)

	A look at Nigeria (Site not responding. Last check: 2007-10-09)
		The opinion that surrounded Nigeria’s economic prospects in the 60s - the first decade of independence - was soon replaced in the 70s by increasingly poor performance in many facets of the economy as substantial gaps began to appear between hopes and achievements, between promises and performance and between expectations and realities.
		Nigeria exported most of the oil she produced; yet there are very little linkages with the rest of the economy.
		Nigeria, having been consigned to the position of exporter of raw materials, a culture of importation of finished goods was forced down our throat by the capitalist Western nations.
	www.nigerdeltacongress.com /articles/a_look_at_nigeria.htm (5137 words)

	Nigeria: History, Geography, Government, and Culture — Infoplease.com
		Nigeria, one-third larger than Texas and the most populous country in Africa, is situated on the Gulf of Guinea in West Africa.
		A UN fact-finding mission in 1996 reported that Nigeria's “problems of human rights are terrible and the political problems are terrifying.” During the 1970s, Nigeria had the 33rd highest per-capita income in the world, but by 1997 it had dropped to the 13th poorest.
		Nigeria: Bibliography - Bibliography See S. Hogben and A. Kirk-Greene, The Emirates of Northern Nigeria (1966); R. Nigeria: Economy - Economy The economy of Nigeria historically was based on agriculture, and more than half of the...
	www.infoplease.com /ipa/A0107847.html (1352 words)

	Economy of Nigeria - Wikipedia, the free encyclopedia
		Current GDP per capita of Nigeria expanded 132% in the Sixties reaching a peak growth of 283% in the Seventies.
		Nigeria ranks 44th worldwide and third in Africa in factory output.
		Government-owned Nigeria Airways is virtually moribund due to mismanagement, high debt, and a vastly shrunken fleet.
	en.wikipedia.org /wiki/Economy_of_Nigeria (4501 words)

	ECONOMY: Nigeria Woos South African Investors
		Nigeria is currently South Africa's biggest trading partner in West Africa and its third largest on the continent after Mozambique and Zimbabwe, Nigerian ambassador to South Africa Tunji Olagunju told those at the gathering.
		Nigeria is also planning to hold investment forums in China, India, the United States, Russia, Ukraine and the United Arab Emirates.
		In an effort to attract investors, Nigeria may offer a five-year tax holiday to firms that are prepared to set up shop in the country, and a seven-year tax holiday to companies that locate themselves in under-developed regions.
	www.ipsnews.net /africa/nota.asp?idnews=30043 (719 words)

	Nigeria's economy (Site not responding. Last check: 2007-10-09)
		Nigeria's economy is heavily dependent on the oil fields along the nation's coast.
		The petroleum sector accounts for 30 percent of the nation's $133 billion economy and 80 percent of the government's revenues.
		According to a 1992 estimate, 54 percent of the population works in agriculture, 19 percent in industrial and service sectors, 15 percent in government.
	www.pbs.org /newshour/bb/africa/jan-june99/nigeria_economy.html (67 words)

	Global Trade Negotiations Home Page
		Though Nigeria has been a member of the WTO since its inception, some Nigerian government officials question the ability of its weak, oil-dependent economy to continue to participate in the organization's agenda for trade liberalization.
		Nigeria maintains OPEC membership, and it agreed to a regional gas project in early 2003 that will enable the piping of natural gas to five cities in Ghana, Togo and Benin.
		Nigeria is responsible for specific aspects of the NEPAD including economic governance, the banking sector and financial institutions, debt relief for Africa, ODA (Official Development Assistance), as well as corruption and money laundering on the continent.
	www.cid.harvard.edu /cidtrade/gov/nigeriagov.html (1205 words)

	Books on Nigeria - Politics, Women, Economy - Nigerian books
		Sankore Publishers are foremost publishers of books on Nigeria that address issues, which are pertinent to the development of Nigeria and also deal on the myriad of problems of national integration and development crises in Nigeria.
		Contemporary State Land Matters In Nigeria (The Case of Lagos State) reviews the land tenure system in Nigeria with particular reference to the claim of the Federal Government to ownership of state land in several parts of Nigeria using Lagos State as a case study.
		He was the pioneer Director of Studies in Nigeria's prestigious National Institute of Policy and Strategic Studies, and was a one-time Nigerian Ambassador to France, served as the Director-General of the Nigerian Institute of International Affairs and Director General of the Nigerian Institute of Management.
	www.jidaw.com /sankore.html (1547 words)

	Nigeria: ECONOMY
		Overview: Nigeria’s economy is struggling to leverage the country’s vast wealth in fossil fuels in order to displace the crushing poverty that affects about 57 percent of its population.
		Nigeria hopes to increase production over the next five years but faces pressure from OPEC not to exceed its quota, which is set at 2.3 million bpd.
		Nigeria is to collaborate with Israel to improve its technology, Nigerian official News Agency reported on Monday.
	www.mongabay.com /reference/new_profiles/238ng.html (2859 words)

	Welcome To Nigeria - Agriculture Economy (Site not responding. Last check: 2007-10-09)
		Nigeriaâ€™s groundnut pyramids disappeared, the oil palm plantations vanished and farming went back to a subsistent level.
		With a burgeoning population, it became increasingly difficult to feed the teeming masses and the country resorted to importing food to supplement the one grown at home.
		Fish farming is on the rise in Nigeria with several hundred thousands of tons of fish harvested annually in the country.
	www.nigeria.gov.ng /industry_generalinfo_agriculture.aspx (491 words)

	Agriculture - Economy - Nigeria - Africa
		Agriculture, including farming and herding, accounts for about two-fifths of Nigeria’s GDP and engages 3 percent of the economically active population.
		By the mid-1990s, agriculture’s share of exports had declined to less than 5 percent, most of which was contributed by cacao.
		Nigeria’s major crops of the mid-1990s included palm oil (of which Nigeria was the world’s leading producer until 1971), peanut oil, rubber, and cotton, all of which were once exported but are now sold mostly locally.
	www.countriesquest.com /africa/nigeria/economy/agriculture.htm (370 words)

	Nigeria economy on right path
		's economy show that the country is experiencing a strong and healthy growth.
		Real GDP is estimated by the FOS to have increased around 6 percent, which is more than double the annual population growth.
		The best indication of an economic recovery was however that growth in the non-oil economy had been even higher, estimated at 7.4 percent.
	afgen.com /nigeria_economy.html (436 words)

	Consulate General of Nigeria - Business & Economy
		A foreign investor wishing to set up business operation in Nigeria should take all steps necessary to obtain local incorporation of the Nigerian branch or subsidiary.
		The agricultural potential of Nigeria is barely being tapped and this explains the inability of the country to meet the ever increasing demand for agricultural produce.
		These incentives, it is hoped, will help revive the economy, accelerate growth and development and reduce poverty.
	www.nigeria-consulate-ny.org /business/e_main_busi_economy.htm (148 words)

	NationMaster - Nigerian Economy statistics
		Oil-rich Nigeria, long hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management, is undertaking some reforms under the new civilian administration.
		The government has lacked the political will to implement the market-oriented reforms urged by the IMF, such as to modernize the banking system, to curb inflation by blocking excessive wage demands, and to resolve regional disputes over the distribution of earnings from the oil industry.
		Please show me the breakdown of the national budget for Nigeria and allocations to different sectors of the economy from 1999 to 2004.
	www.nationmaster.com /country/ni-nigeria/eco-economy (446 words)

	Embassy of Nigeria in Israel
		Here, you will find vital information about Nigeria, its economy, culture and tourism and also a great deal of information to help you with queries or enquires on the services we provide as well as useful links.
		Nigeria is situated in the West African region and lies between longitudes 3 degrees and 14 degrees and latitudes 4 degrees and 14 degrees.
		With a population of almost 140 million people comprising of over 250 ethnic groups, Nigeria is a blend of exciting cultural diversity that has produced a land of unparalleled opportun
	www.nigerianembassy.co.il (158 words)

	NigeriaInvestment.com
		Nigeria is a jewel in the crown of African economies.
		Added to this size, of course, is the fact that Nigeria is rich in hydro-carbons and still has vast quantities of untapped crude oil and gas.
		With an expanding, competent workforce, the country is also blessed with vast deposits of bauxite, tin, iron ore, coal, limestone, lead, zinc, columbite, and even gold.
	www.nigeriainvestment.com (308 words)

	Nigeria: Economy
		The economy of Nigeria historically was based on agriculture, and more than half of the workforce is still engaged in farming (largely of a subsistence type).
		Petroleum is the leading mineral produced in Nigeria; it is found in the Niger delta, in the bights of Benin and Biafra, and on the Bakassi peninsula along the Cameroon-Nigeria border, a disputed area where the two countries have been involved in clashes.
		Nigeria's road and rail systems are constructed basically along north-south lines; the country's chief seaports are Lagos,
	www.factmonster.com /ce6/world/A0860003.html (353 words)

	Nigeria 2003 - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International Agreements, ...
		Economy - overview: The oil-rich Nigerian economy, long hobbled by political instability, corruption, and poor macroeconomic management, is undergoing substantial reform under the new civilian administration.
		The agreement was allowed to expire by the IMF in November 2001, however, and Nigeria apparently received much less multilateral assistance than expected in 2002.
		When the uncertainties in the global economy are added in, estimates of Nigeria's prospects for 2003 must have a wide margin of error.
	www.theodora.com /wfb2003/nigeria/nigeria_economy.html (496 words)

	Economy of Zambia - Wikipedia, the free encyclopedia
		A major switch in the structure of Zambia's economy came with the Mulungushi Reforms of April 1968: the government declared its intention to acquire equity holdings (usually 51% or more) in a number of key foreign-owned firms, to be controlled by a parastatal conglomerate named the Industrial Development Corporation (INDECO).
		In January 2003, the Zambian Government informed the IMF and World Bank that it wished to renegotiate some of the agreed performance criteria calling for privatization of the Zambia National Commercial Bank and the national telephone and electricity utilities.
		Today copper mining is central to the economic prospects for Zambia, and concers remain that the economy is not diversified enough to cope with a collapse in international copper prices.
	en.wikipedia.org /wiki/Economy_of_Zambia (1941 words)

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