148 millions of inhabitants GDP = 165 690 M$ the third in Africa behind South Africa

and Algeria main source of income of the

country: oil and gas Oil > 95% of export earnings and

80% of national income

Largest oil producer in Africa Nigeria has 31% of reserves on the continent 7th world gas reserves Nigeria is the main destination, after South

Africa, of FDI flows to Africa Nigerian banking system: one of the most

developed on the continent Prominent political role at both regional and

continental level

The lack of redistribution of oil wealth An economy overly dependent on oil

revenues Deficient transport infrastructure and

energy Poverty affects 70% of the population