Nigeria is officially known as the Federal republic of Nigeria. It's a country comprising of 36 states and the capital territory, Abuja. Nigeria is situated in West Africa and shares borders with Benin, Chad, Cameroon, Niger. Owing to its massive population and financial system, Nigeria can also be typically referred to because the Giant of Africa. Through the present year, Nigeria's GDP became the biggest in complete of Africa. Its economy is currently worth $500 billion.
Nigeria is residence to a number of hundred ethnicities. It is roughly divided between Christians and Muslims who inhabit southern and central, and Northern and southwestern regions respectively.
Although Boko Haram is the fast and most potent risk which has plagued the safety scenario in many parts of the country, including the Delta, it is, by no means, the only threat affecting Nigeria, its people and its economy.
Nigeria can also be suffering from widespread corruption and constant political turmoil which has hindered the establishment of a suitable investment environment. Nigerian leaders have been unable to plan and implement a political formula that will carry potential to this oil producing nation. In consequence, the security of international firms and their belongings is constantly at risk.
Resulting from its significance, the political and security scenario in Nigeria has been consistently screened and scrutinized by professionals and international security experts. The findings and analysis of these professionals are supplied in the type of reports and evaluation of the latest news that will affect the scenario in Nigeria and its neighboring counters. Aside from keeping an eye on the security scenario of the nation, these specialists additionally analyze the National Sugar Development Council (NSDC)
within the oil & fuel sector in addition to issues associated to investments.
Nigeria also faces a protracted-time period investment deficit owing to the uncertainties in the oil industry. New oil production can be marred by corruption and governance points face by the NNPC which is owned by the state. The situation makes it obligatory for each company that's operating in Nigeria to stay abreast of the latest news concerning the country.
One of the essential impediments to progress in the country is its range and a lack of real federalism which means that the centre is far too powerful. The component models of the federation are weak and unable to train self determination. Nigeria requires federalism in the true sense of the word the place every unit can deal with its affairs whereas remaining an integral a part of the whole.
Corruption is another widespread problem. The oil cash earned in the course of the previous four decades wasn't managed well. This cash has swelled the bank accounts of politicians and their cronies leaving very little for infrastructure improvement and economic growth. If corruption might be curtailed or minimized, it will have a huge optimistic impression on Nigeria and its people.
Nigerians additionally must guantee that they elect good people to rule over them within the coming election somewhat than the identical old people who plunder public wealth and fail to offer even the most basic amenities.