Nigeria`Economy

By Anonymous

 Economy

The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. [citation needed] It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity. Nigeria has the largest economy in Africa; its re-emergent .

The role of money in the Nigerian economy has much the same role as in any society on the surface of it, in as much as it is used as a currency of exchange. This means that if someone wishes to make a purchase, they use money to be able to do so.



Covid 19 Impact On economy

The slowdown in the global economy and lockdown in some countries, such as Italy, Spain and most Eurozone economies and beyond, as a result, COVID-19 has also taken its toll on the global demand for oil. The decline in oil demand is estimated to surpass the loss of nearly 1 million barrels per day during the 2007-08 recession



Citation 

http://cseaafrica.org/the-implication-of-covid19-on-the-nigerian-economy/ 

https://www.bing.com/news/search?q=Economy+Nigeria&qpvt=economy+nigeria&FORM=EWRE

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