Nigeria. According to
countryaah, the current population of Nigeria is 206,139,600.
The country struggled with a failing economy in
2016 and went into a recession. The main reason was
attributed to low oil prices, the country's most important
export commodity. The oil cartel OPEC's decision to lower
production quotas at the end of the year was considered to
be able to benefit Nigeria.
On June 20, the central bank decided to introduce a
floating exchange rate for the first time in the country's
history. Nairan fell almost 30% against the US dollar the
same day. The previously fixed exchange rate had led to a
parallel currency market and a shortage of foreign currency
which created a commodity shortage. In May, the government
abolished the subsidies on gasoline. It triggered brief
During the year, the country went into recession since
GDP shrank by 0.4% in the first quarter and just over 2% in
the second, which was the third. At the same time, inflation
rose to 16% in June, the highest level in eleven years.
President Muhammadu Buhari received some criticism for
how he and the government handled the crisis. When his wife
Aisha also stated in a BBC interview that she was not sure
she would support him in a possible 2019 election campaign,
he made a criticized comment that she belonged in the
In August, the International Monetary Fund (IMF)
estimated that South Africa has reclaimed the place as
Africa's largest economy. Nigeria's oil production was hit
by sabotage and attacks on pipelines and other facilities in
the Niger Delta. Several groups, such as previously unknown
Niger Delta Avengers (NDA), stated that the purpose was to
ensure that more of the oil revenues fall into the region.
Two planes in the president's fleet were advertised for
sale as part of Buhari's savings target. Dozens of
politicians, judges, civil servants and former military were
investigated for suspicions of corruption and embezzlement.
Among the suspects was the finance minister under Buhari's
representative Goodluck Jonathan.
Security forces reported continued success in the fight
against Boko Haram. Despite reports of a weakening of the
jihadist group, there were a number of bloody attacks on
army camps, aid missions, villages and civilians. Some
details claimed that Abubakar Shekau was replaced as leader,
something he resigned. In May, Nigeria hosted an
international meeting to coordinate the fight against the
group. The security situation was most pressing in the state
of Borno, especially outside the cities. The UN and aid
organizations warned that tens of thousands of people,
mainly children, were at risk of malnutrition and
starvation. In October, 21 girls were kidnapped by Boko
Haram in 2014 in the city of Chibok. The International Red
Cross Committee and the Swiss Government acted as
In August, a new mass vaccination campaign against polio
began after two cases were discovered in the former Boko
In central Nigeria, a series of clashes between livestock
groups and farmers demanded hundreds of dead. The battle
concerns scarce land resources in the drought-affected area.
The security forces were criticized for assault and other
abuses in several cases. According to the human rights group
Amnesty International, at least 150 people have been killed
in the state of Anambra since 2015 at rallies to raise the
Biafra issue. Hundreds of others were arrested. In 2017, the
50th anniversary of the Biafra War erupted.