Resource information
Nigeria possesses a wealth of natural
resources including major oil and gas deposits, a variety of
solid minerals, good agricultural land, a well developed
industrial base, an extensive banking system, a large labor
force, and a vibrant private sector. However, the
country's tremendous potential for growth and
development has yet to be fulfilled. Real income and
consumption per capita today are scarcely higher than they
were in 1971 before the start of the oil boom. Social
indicators have been improving somewhat but remain far
acceptable levels. There is an urgent need to put in place,
over the medium term, mechanisms that will ensure sustained
improvements in the quality and quantity of social services.
