To read the full version of this content please select one of the options below:

President’s absence will blunt Nigerian foreign policy

Wednesday, August 2, 2017

Subject

Nigeria's foreign policy priorities

Significance

Nigeria’s foreign policy priorities are shaped by four key drivers: counterterrorism operations against Boko Haram; diversification of the economy away from oil; infrastructural development; and promoting local industrialisation in line with the Nigeria Industrial Revolution Plan (NIRP). However, the absence of ill President Muhammadu Buhari risks obscuring broader diplomatic goals.

Impacts

  • The United States is likely to remain the largest foreign investor in Nigeria in the near term -- despite growing Chinese investment.
  • Despite diversification plans, oil export revenue will be the country’s main foreign exchange earner in the short-to-medium term.
  • Tensions over the detention of the Shia Islamic Movement in Nigeria (IMN) leader are unlikely to lead to a break in Iran-Nigeria relations.
Expert Briefings Powered by Oxford Analytica
Stay up to date
Sign up to the Expert Daily Briefings email alert and receive up-to-the-minute analysis of global events as they happen.
*If your university does not have access to Expert Briefings, visit our information page to find out more.