Country Profile
From The Report: Nigeria 2023
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If its population reaches 377m by 2050 as is projected, Nigeria is poised to become the world’s third-most populous country, with a diverse and complex social architecture comprising more than 250 ethnic groups and a plethora of faiths. The peaceful handover of power at both the executive and legislative level following elections in March 2023 buttressed Nigeria’s status as a symbol of political stability in the region. The new government faces several pressing issues, ranging from an Islamist insurgency in the north and secessionist agitation in the south-east, to an underperforming oil sector in the south-south, in addition to sluggish economic growth and a depreciating currency.

This chapter contains interviews with Ngozi Okonjo-Iweala, Director-General, World Trade Organisation; Antonio Pedro, Acting Executive Secretary, UN Economic Commission for Africa; and Omar Alieu Touray, President, ECOWAS Commission.