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Economic Challenges Facing Nigeria

2024-01-06 02:04:56

Nigeria is the largest country in Africa, accounting for 47% of the population of West Africa, 910,770 square kilometers of land. It enriches human resources and natural resources making it a preferred destination in Africa that serious investors use potential large markets. The Government's Vision 20: 2020 program aims to position Nigeria as one of the world's top 20 economies by 2020. Nigeria will achieve that goal. This paper attempts to solve this problem by examining the following problems: i) economic indicator, ii) comparative advantage, iii) trade pattern related to trade gravity model, iv) attractiveness of international companies, and Finally improvement

The infinite possibilities of Nigeria is that extreme poverty and lack of economic opportunities creates dissatisfaction among young people, makes the millions of foods uneasy, various health challenges threaten the Nigerians and is unstable It is Iraq and Syria. The Islamic State provides a foothold. Other terrorist organizations in West Africa. When foreign assistance was carried out in cooperation with various teams in Nigeria OP in 2017, the way in which the United States strategically invested in security, health, education and other sectors, and those in which the investment has broader priority I learned how it relates to. Regional terrorism countermeasures and violent extremism

Since the past few decades many scholars have investigated the influence of terrorism on the Nigerian economy. Like other countries, terrorist incidents also affect the economy of Nigeria. In most cases, Northern Nigeria is facing the issue of violence and terrorism. The purpose of this research is to investigate the influence of terrorism on the economy in northern Nigeria. The above literature shows that terrorist attacks in Nigeria and other countries are high. In this article, we gathered interview data from various business owners facing such problems. In this article we will also investigate how financial markets and the balance of payments are affected by the effects of terrorism. This survey also tries to describe the general economic environment. Nevertheless, in this article we will explore all kinds of acts of terrorism that may affect the economic development of Nigeria.