Nigeria, often referred to as the “Giant of Africa“, stands out for its dynamic and diverse economy. As Africa’s largest economy, it benefits significantly from its large population and extensive natural resources. The petroleum sector plays a pivotal role, accounting for a substantial portion of government revenues and exports. However, Nigeria is also characterized by its economic diversity, with booming sectors like telecommunications, film (Nollywood), and agriculture.
Frank Kwasi
Nigeria: an imam killed in a new attack
Over the past decade, Nigeria has been grappling with significant security challenges, marked by recurrent and violent attacks. This instability was tragically underscored in the Plateau State, where a recent attack claimed the lives of two individuals, including the chief imam of the Jumma’at mosque in the village of Ndun, Malam Muhammad Sani Idris. This event highlights the local communities’ vulnerability in the face of ongoing insecurity.
AGOA: US Formally Removes Many African Countries
The African Growth and Opportunity Act (AGOA), a United States trade preference act established on May 18, 2000, has long been a cornerstone of trade relations between the US and Africa. Providing duty-free access to over 6,000 products from beneficiary countries to the US market, AGOA has been a significant driver of economic cooperation. However, recent developments have marked a turning point in this relationship. In a decisive move, the US President Joe Biden’s administration has terminated the participation of Uganda, along with several other African nations, from this preferential trade program.