Why Nigeria urgently needs to grow non-oil exports
- Impact Area
The economy of Nigeria has had to navigate a major crisis that started with the collapse of oil prices in 2014 and was worsened by the ongoing restiveness in the oil rich Niger Delta region.
The crisis of the past four years reaffirms the vulnerability of the Nigerian economy to oil-related shocks. It underscores the need for Nigeria to look outward, diversifying its export base away from the volatile commodity if the country is to win its battles against poverty and inequality.
Photo: Rhys Thom