Foreign Policy Blogs

...Africa's second largest economy and a potential rising regional power. Nigeria, with about $215 billion in GDP last year, follows South Africa and leads Egypt in Africa in terms of the size of its economy, but lags both countries in wealth per head, with roughly $1350 of GDP per capita.  Nigeria relies very heavily on oil exports to fuel its economy.  Recent high oil prices have provided this classic developing country -- with its poverty, mineral wealth, political instability and corruption, as well as reforms and emerging institutions --  with strong GDP growth and a strong external balance sheet (foreign exchange...