Nigeria is one of the largest oil producers in Africa and among the top oil exporters globally. The oil industry accounts for a significant portion of Nigeria’s GDP and government revenue. Oil reserves are primarily located in the Niger Delta region, where multinational oil companies operate. However, the oil industry has also contributed to environmental issues and conflicts, particularly in the Niger Delta. Despite this, oil remains crucial to Nigeria’s economy, affecting the country’s trade, foreign relations, and infrastructure development.
Nigeria