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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?

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

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Marija Peran

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

Policy Officer for Migration and East Africa

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

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