Nigeria is a big country in Africa, an intermediate power in international affairs and an emerging global power and the largest economy in Africa. Its GDP and average purchasing power rank 25th in the world. Due to its large population and developed economy, Nigeria is often called an African giant. The world bank considers it an emerging market.
Nigeria is a founding member of the African Union and a member of many international organizations, including the United Nations, the Commonwealth, the non aligned movement, the economic community of West African States and OPEC. It is also a member of the informal Mint group of countries and one of the next 11 economies, with great influence in Africa united.
Africa’s health and medical care, energy and economic functions are mainly set up in Nigeria, and Africa’s internal and international affairs and issues are often supported and discussed by Nigeria. Since 1970s, Nigeria has always is a pivotal position in the international oil industry. It joined OPEC in July 1971 and has become a long-term member state since then.