Nigeria's economy is the largest in Africa, driven by oil and gas, agriculture, services, and an expanding population. While petroleum exports generate much of the country's revenue, sectors such as telecommunications, entertainment, construction, and financial services have grown rapidly. Agriculture remains crucial for employment, producing crops like cassava, yams, cocoa, and grains. Nigeria faces challenges including infrastructure deficits, inflation, and security issues, but ongoing efforts to diversify the economy, expand renewable energy, and support digital entrepreneurship offer long-term growth potential.
World Bank Data. 2000-2024. Last updated Oct 2025.
Refer to the latest year-over-year Nigeria GDP statistics.