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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
What are Nigeria’s main imports?
Pharmaceuticals, electronics, clothing, vehicles - all from countries like the USA, China and India
What is Nigeria’s biggest export?
Crude oil
Where does Nigeria export crude oil to?
Largest customer was once USA, but is now India
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
Who are the largest recipients of Nigeria’s exports?
About half goes to the EU, of gas, cotton, cocoa, rubber
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