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The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors.It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 22nd-largest in terms of purchasing power parity. Nigeria has the largest economy in Africa; its re-emergent manufacturing ...
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The petroleum industry in Nigeria has always been a major source of income in the country; it is currently the source of 95% of Nigeria's foreign exchange earnings. It is therefore obvious that oil and gas companies play a significant role in the Nigerian economy.
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This sector comprises all units engaged in agriculture, fishing and hunting. Agricultural production covers, primarily, the production of crops, plants, vines, or trees (excluding forestry operations); and the keeping, grazing or feeding of livestock for the sale of livestock or livestock products (including serums) for livestock increase, or for value increase.
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Mining regulation is handled by the Ministry of Solid Minerals Development, which oversees the management of all mineral resources. Mining law is codified in the Federal Minerals and Mining Act of 1999. Historically, Nigeria's mining industry was monopolized by state-owned public corporations.
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