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West061806/nigeria-economic-indicators

Domain:

socioeconomic

Record type:

project
Creator:
Wes
Host:
Analysis of Nigeria's key economic indicators from 2015 to 2024 using Python, including inflation, exchange rate, GDP growth, oil prices, and foreign reserves. # Nigeria Economic Indicators Analysis 2015-2024 ## Overview An analysis of Nigeria's key economic indicators from 2015 to 2024, including inflation, exchange rate, GDP growth, oil prices, and foreign reserves. ## Key Findings 1. When the Naira weakens, the price of importation becomes more expensive, resulting in higher inflation values. A correlation of 0.94 reflected this relationship. 2. The GDP growth of Nigeria is heavily tied to the price of oil, expressed in a positive correlation of 0.78 between oil prices and national GDP growth. ## Data Source Data sourced from Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS), and World Bank published records. ## Tools - Python 3 - Pandas - Matplotlib ## Files - `project3-economic-indicators.ipynb` — Main analysis notebook

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