Nigeria’s great economic capacity and abundant resources-

The most populated nation and arguably the broadest economy in the continent, Nigeria is widely considered an African powerhouse. With substantial natural resources and a fresh, energetic population, the nation has highly played a significant role in the continent and it can be a wider global player in the coming decades. Nigeria became a republic in 1963, but the first post-independence term was primarily characterized by a procession of rebels and a quick civil war between 1967 and 1970. Following extensive times of military rule, the nation eventually withdrew to a civilian government following elections in 1998. Nevertheless, this current time of democracy has not existed without its troubles. Violence in the north as well as in the Delta districts has led to chronic instability and provided a recurring challenge to advancement and economic development for successive regimes. Let's dive into Natural Resources Natural Resources- Nigeria is endowed with a wealth of reserves. The nation is largely known for its huge hydrocarbon wealth. it was home to 37.1bn barrels of proven oil resources in 2015. The country also contain 5.1 trillion cubic meters of natural gas in 2015 reckoning to 2.7% of total global resources. However, Nigeria possesses much more than simply oil and gas. it is home to significant deposits of coal, iron ore, limestone, tin, and zinc, just at importantly it has rich land and water resources that are ripe for further agricultural exploitations Roughly 83.7% of Nigeria's soil area is agricultural, although only 40% of is arable. Sustainable water resources also boost the agricultural sector. The nation has over 230bn cu meters of full renewable water reserves. This should help improve productivity through irrigation. As of 2012, only 0.3%(or 2930 sq km)of Nigeria's land area was irrigated. Population - The nation's other important resource is its people.with approximately 184 million people in 2015, according to some trusted statements Nigeria is the seventh most -populous nation in the world. The nation has more than 250 different ethics groups. Half of the population are Muslims, while a further 40% are Christians. English is the official language of the nation, while Hausa, Yoruba, and Igbo are spoken in certain regions. In aggregate, there are more than 500 indigenous languages presently spoken throughout the nation.

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