Asset Publisher

IMAGO / Photoshot/Construction Photography

Country Reports

Nigeria's uncertain economic future

by Lukas Laible

Opportunities and risks for the country's economy following the opening of the new oil refinery

Nigeria's economy is facing a major upheaval. With the opening of the world's largest oil refinery and the new government's economic policy measures, the Nigerian state is creating new financial leeway. This will give Africa's largest economy greater scope for action. Whether this leads to economic diversification in the country is in the hands of the decision-makers: will the newly gained room for maneuver be used to invest further in the oil sector, which is profitable in the short term? Or will medium and long-term measures be taken to exploit the great potential of the Nigerian economy outside of the oil sector through a diversification strategy?

Asset Publisher

The full-length country report is only available in German.

Asset Publisher

Contact

Marija Peran

Portrait Studio24, Abuja

Resident Representative to Nigeria

marija.peran@kas.de +234 (0) 908 838 8850
Contact

Alina Reiß

Alina Reiß

Policy Advisor for anglophone West Africa / Central Africa / Migration & Refugee Sub-Saharan Africa

alina.reiss@kas.de +49 30 26996-3473

comment-portlet

Asset Publisher

About this series

The Konrad-Adenauer-Stiftung is a political foundation. Our offices abroad are in charge of over 200 projects in more than 120 countries. The country reports offer current analyses, exclusive evaluations, background information and forecasts - provided by our international staff.