How has Nigeria's economy compared to the global oil price? Why do you think that might be?
Write your answer in 2-3 sentences, nothing more or less!
1 answer
Nigeria's economy is heavily reliant on oil exports, so fluctuations in the global oil price have a significant impact on its economy. When oil prices are high, Nigeria's economy tends to perform well, but when oil prices are low, it can struggle due to reduced revenue from oil exports.
4 answers