Describe Nigeria’s economy. Include type, what is produced, how it is produced, and for whom it is produced. Type of economy: What is produced: How it is produced: For whom it is produced:

The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity. Real GDP growth is projected to rise to 2.9% in 2020 and 3.3% in 2021. ... The current account is projected to remain in surplus in 2020, benefiting from improved oil revenues. Nigeria has many opportunities to transform its economy, particularly in agroprocessing. Nigeria's economic freedom score is 58.7, making its economy the 105th freest in the 2021 Index. Its overall score has increased by 1.5 points, primarily because of an improvement in judicial effectiveness. ... Nigeria's economy remains mostly unfree this year.

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