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DETAILS ABOUT NIGERIAS ECONOMY, SOCIAL and POLITICAL INDICES Form
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People also ask
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What is the Social Development Index of Nigeria?
The human development index in Nigeria is estimated to be 0.55 in 2024. The press freedom index in Nigeria is forecast to amount to 0.51 in 2024. -
What are the economic strengths of Nigeria?
The economy of Nigeria is a middle-income, mixed economy and emerging market with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. -
What is Nigeria's main source of income?
The oil sector provides for 95% of Nigeria's foreign exchange earnings and 80% of its budgetary revenues. -
What kind of economy does Nigeria have?
The Nigerian economy is a mixed economy, in that it is fundamentally capitalist in nature but incorporates government regulations. The Nigerian economy is also an emerging economy, an economy that is in the process of modernising. -
What is the socio economic status of Nigeria?
Despite these tremendous resources, Nigeria is still considered to be a poor country its Gross Domestic Product GDP is approximately 374.3 billion. Nigeria is engulfed with socioeconomic problems that have caused poverty and conflict in the country. -
What is the economic performance measure of Nigeria?
Overview of GDP Nigeria's Gross Domestic Product (GDP) grew by 3.52% (year-on-year) in real terms in the fourth quarter of 2022, following a growth of 2.25% in the third quarter of 2022 and 3.98% in the fourth quarter of 2021. -
What kind of economy does Nigeria have?
The Nigerian economy is a mixed economy, in that it is fundamentally capitalist in nature but incorporates government regulations. The Nigerian economy is also an emerging economy, an economy that is in the process of modernising. -
What are Nigeria economic indicators?
Macro Economic Indicators Economic IndicatorsValueAs at:Money Supply (M3)N93,715,564.0millionJan, 2024Credit to Other SectorsN76,938,583.2millionJan, 2024Year-on-Year All Item Inflation Rate29.9Jan, 2024Average Inter-bank Call Rate15.752/22/20245 more rows
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