/ 6 April 2022

Nigeria’s economy short circuits despite oil gains

Nigeria Maritime Transport
An aerial view of trucks parked on the road side waiting to get access into Tincan port in Apapa, Lagos, on January 11, 2021. - At the beginning of 2020, just before the coronavirus crisis, 99% of exports and more than 89% of imports passed through the seas, almost exclusively via Lagos. After oil, the port of Lagos, which stretches from Apapa to Tin Can island, is the second largest source of income for the African giant. (Photo by Benson Ibeabuchi / AFP) (Photo by BENSON IBEABUCHI/AFP via Getty Images)
Africa’s largest oil producer has not been able to cash in fully on the price rally because of lacklustre production and its reliance on imported fuel

This content is restricted to subscribers only.


Join the M&G Community


Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.

Subscription enables:

  • - M&G community membership
  • - independent journalism
  • - access to all premium articles & features
  • - a digital version of the weekly newspaper
  • - invites to subscriber-only events
  • - the opportunity to test new online features first

Already a subscriber?
.