...its oil production where it is a leading member of the Organization of Petroleum Exporting Countries (OPEC). The price of oil in the world market is largely affected by Nigeria. During the 1970s, the oil-rich economy led to a major economic boom for Nigeria, transforming the poor african country into the 30th richest country in the world.
It is also known for its strong textile industry where most of its the cloth produced cater to the large Nigerian population. Two other major productions include the agricultural production as well as commercial industries. Examples of Nigeria’s agricultural products are cocoa, peanuts, palm oil, rice, millet, con, cassava, yams, rubber, cattle, sheep, goats, pigs, timber, and fish. Commercial industries inclide coal, tin, textiles, footwear, fertilizer, printing, ceramics and steel.
Nigeria’s soccer team is world-renowned and is counted among the ten best soccer teams of the world. It is Africa's best soccer team and has won the World Cup in 1985 in China and ranked second in Canada in the year 1987.
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