The great potential of Nigeria to boost the world economy

This beautifully blessed nation with an immensity of resources; Nigeria is contributing a lot and playing a major role in the global economic system.

The oil-rich Nigerian economy keeps on enhancing the financial management structure of not only Africa but also playing a major role in augmenting the global economic system. Being the largest oil producer in Africa, it is getting almost 90% of the export revenues of the country and has strengthened its financial system for many and many years.

This major aspect of the country keeps the attention of the whole world towards it which results in a great number of cheap flight tickets to Nigeria.

A huge category of businessmen and industrialists are frequently visiting the country. Bordered by Niger, Chad, Benin, and Cameroon, Nigeria is involved in international trading with neighboring countries and many others in the whole world.

A huge quantity of air tickets for flights to Nigeria is available whether you want to travel to any metropolis in Nigeria. Port Harcourt is the eminent harbor of Nigeria which is occupied in trading and shipping goods and resources from Nigeria and earning a lot of revenue from its exports.

The major exports of Nigeria are gas, petroleum and petroleum products, coal, etc, and also rich in zinc, tin, and some uranium products as well. Agriculture inhabits entirely half of the populace, who grow sorghum, maize, rice, millet, cassava, and in addition to all these palm oils, cocoa, groundnuts, and rubber as money yields.

The major business and economic hub, Nigeria is tending thousands of business personnel to get cheap tickets to Nigeria and participate in earning a lot of profit there. According to the United Nations taxonomy, Nigeria is a middle-income country with built-up and modern economic, communication and transport divisions and also holds the second biggest stock exchange in Africa.

Textile, pharmaceutical, paper, and cement industries are also earning making great profits for the country. The current financial presentation has been resolute primarily by the top-notch oil market.

The country is showing great development in the GDP growth rate which is clearly visible by the deregulation of fuel charges by the government as it is going more toward an open market and more than four oil factories have been privatized and resulting in more manufacturing of oil.

The petroleum industry in Nigeria is indispensable to the Nigerian financial contour.


Spread the love

©NipePesaMagazine. 2024.

Stock Market