Overview of the Structure of the Nigerian Economy

Abstract

Nigeria is endowed with vast natural resources such as petroleum, limestone, tin, columbine, coal, led, marble, graphite, etc. The country is one of the largest growing economies in Africa. But despite these vast resources and endowment, Nigeria is still classified as a low-income economy. This chapter discusses the factors that influenced economic performance in Nigeria and provides an overview of the structure of Nigerian economy by highlighting the geographical characteristics, demographic and political structure of Nigeria. The detailed analysis of each sector is discussed in subsequent chapters.

Keywords: Nigerian economy, natural resource, human resources