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Nigeria Economy:
A
resource rich country, Nigeria’s economy relies mainly
on its petroleum industry. The country is one of the largest
producers
and exporter of petroleum in Africa.
Major industries in the
country are; crude oil extraction and refining, tin, columbite,
coal, textiles,
palm oil, peanuts, cotton, timber, hides and skins, cement
and construction materials, printing, ceramics, steel, small
commercial
ship construction and repair, footwear, food processing.
Agriculture is also widely practiced and produces; cocoa, palm
oil, corn, rice, sorghum, millet, yams, rubber, cassava, goats,
pigs, timber, fish, cattle, sheep, peanuts, rice.
Currency: the Nigerian Naira (NGN) is the title of the country’s
currency.
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