Nigeria exports petroleum, cocoa beans and rubber. So with the recent drop in oil prices, Nigeria is hurting. Nigeria used to be able to export food but with rapid population growth, it needs to import food.
Nigeria produces oil, natural gas, coal, iron and many other things.
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nigeria produce 3m barrels per day
Yes, China did produce goods.
it devalues nigerias economy because 50% of goods in nigeria are imported
coffee beans grow in Nigeria I should know because I'm from Nigeria
they let the customers and citizens decide.
south africa
The disadvantages of the mixed economy in Nigeria is that some unscrupulous businessmen are evading taxes. They import some goods which pose a danger to the locally produced goods.
Yup
written and unwritten constitution
Yes. Nigeria produce about 45 000 bags of fresh coffee annually. One bag is 132.276 pounds or 60 kg.
Yes. Nigeria is the 15th largest producer of crude oil worldwide.
It is the demand and supply which determines the goods and services to produce in the economy.