Nigeria has one of the largest economies in Africa, characterized by a mix of agriculture, oil, services, and a growing technology sector. Here's an overview of the key aspects of Nigeria's economy: 1. Oil and Gas Sector Nigeria is Africa's top oil producer and has significant natural gas reserves. The oil sector accounts for over 90% of export revenues and around half of government revenue. However, it contributes less than 10% of GDP, making the economy vulnerable to oil price shocks. 2. Agriculture Agriculture employs over 35% of the labor force. Key products include cassava, yams, maize, rice, and cocoa. Despite its potential, the sector faces issues like poor infrastructure and low investment. 3. Services and Telecommunications The services sector is Nigeria's largest contributor to GDP. Telecommunications and fintech have seen rapid growth, particularly in Lagos. Nigeria is home to major tech startups like Flutterwave and Paystack. 4. Manufacturing and Industry Nigeria has a small but growing manufacturing base (e.g., cement, food processing). The government has promoted local content and import substitution. 5. Challenges High unemployment and poverty rates. Dependence on oil exports. Infrastructure deficits (e.g., power, roads). Corruption and governance issues. Inflation and foreign exchange instability. 6. Reform and Diversification The government has been trying to diversify through initiatives like the Economic Recovery and Growth Plan (ERGP) and encouraging foreign investment. Efforts are ongoing to improve non-oil sectors, particularly agriculture and manufacturing. Would you like a more detailed breakdown with charts or recent economic data (GDP, inflation, etc.)?

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