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Trade Profile: Nigeria's Strategy to Defend and Diversify

Dec 4, 2017 | 09:15 GMT
A worker inspects a Total oil drilling platform near Port Harcourt in the Niger Delta.

A worker inspects a Total oil drilling platform near Port Harcourt in the Niger Delta. Nigeria has historically taken a defensive approach to global trade.

(PIUS UTOMI EKPEI/AFP/Getty Images)

Nigeria has historically taken a defensive approach to global trade. In fact, the International Monetary Fund once declared that the country possessed one of the most restrictive trading regimes in the world. Nigeria's stance largely stems from its abundance of oil and natural gas reserves and its corresponding struggle to diversify its economy. ...

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