With a variety of economic and diplomatic ties linking it with superpowers both old and new, Nigeria has long been a prominent player in both the continental and global arena. While simultaneously pursuing a leadership role on a variety of cooperative initiatives with its West African neighbours, the country’s diplomatic efforts...
With Africa’s largest economy and its biggest population, Nigeria is the continent’s heavyweight. The country has been blessed with resource-rich lands, areas of great agricultural fertility and favourable demographics, but it has also had its fair share of challenges, ranging from poor infrastructure, secessionist movements, military coups and religious violence.
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Economic behaviour is cyclical. All countries face ups and downs. Our own recession has been brought about by a critical shortage of foreign exchange. Oil prices dropped from an average of $100 per barrel over the last decade to an average of $40 per barrel in 2016-17. Worse still, the damage perpetrated by Niger Delta criminals on pipelines...
Given the size of its population and economy, and its high diplomatic profile in the African arena, Nigeria has a widely acknowledged role as continental heavyweight. Through successive administrations, and evidenced by the large military and financial contributions it has made to regional economic and peacekeeping efforts, Abuja has long...
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