In addition to her oil, Nigeria has arable land, coal. One of the key supports that small businesses need is financing in terms of startup capital, expansion capital, and short-term credit facilities. The overreliance on crude oil expects puts the Nigeria economy at the mercy of the demand and supply dynamics of crude oil. Unfortunately, the players in the international crude oil market are many and they have different interests. The government needs to make a determined effort to steer the economy away from an overreliance on crude oil exports.

Source: The Guardian January 16, 2018 06:56 UTC