nigeria's trading/political changes

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Last updated 6:29 PM on 5/23/26
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7 Terms

1
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What organisations is Nigeria a part of?

  • UN

  • OPEC - Organisation of Petroleum Exporting Countries (aims to stabilise oil prices, and ensure regular supply)

  • ECOWAS - Trading group made up of West African countries. The HQ is in Abuja

  • African Union - Economic and peacekeeping group

  • Commonwealth - strong ties to UK

2
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What are Nigeria’s main imports?

Pharmaceuticals, electronics, clothing, vehicles - all from countries like the USA, China and India

3
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What is Nigeria’s biggest export?

Crude oil

4
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Where does Nigeria export crude oil to?

Largest customer was once USA, but is now India

5
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How has Nigeria’s relationship with China changed?

China has started investing more in Nigeria, like a $12 billion for a railway project. Nigeria also imports the most stuff from China

6
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Who are the largest recipients of Nigeria’s exports?

About half goes to the EU, of gas, cotton, cocoa, rubber

7
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How has the agriculture industry changed?

There has been less emphasis on agriculture due to the reliance on crude oil. 40% of people are still employed in agriculture