Nigeria Country Analysis Brief
(Tue, 18 Nov 2025) Oil and natural gas production is a mainstay of Nigeriaâs economy: fossil fuel revenues are the countryâs primary source of foreign exchange and fluctuations in crude oil price affect its economy. However, Nigeria also experiences sporadic supply disruptions stemming from crude oil theft and pipeline vandalism. Since 2020, disruptions and reduced investment in upstream development have led to a significant decline in crude oil production.