Nigeria’s economy is almost entirely dependent upon
Nigeria's economy is heavily dependent on oil. The country is one of the largest oil producers in Africa and oil exports account for a significant portion of its revenue. To confirm this information and explore further, you can follow these steps:
1. Conduct a basic internet search: Use a search engine like Google and enter the keywords "Nigeria economy dependency." This should provide you with relevant information about the factors influencing Nigeria's economy.
2. Consult reputable sources: Look for reliable sources such as government reports, international organizations like the World Bank or International Monetary Fund, economic research institutes, or reputable news outlets. These sources often provide comprehensive analyses and data on the Nigerian economy.
3. Analyze official data: Check the official reports or statistics published by Nigerian government agencies responsible for economic data, such as the National Bureau of Statistics. These reports will present information on Nigeria's major industries and key contributors to its GDP.
By combining information from various reliable sources, you can gain a comprehensive understanding of Nigeria's economic dependency and confirm whether it is heavily reliant on oil or if there are other significant factors contributing to its economy.