Nigeria and the World Bank agencies to tackle specific issues in low and middle income countries. Since then, Nigeria has partnered up with the IDA, specifically built to help low income countries and give out loans for very low interest rates, and the IBRD. Nigeria is currently the most populated country in Africa and it’s also the biggest oil exporter and in addition to this it is has the second biggest economy in Africa. All of these qualities make it a country with great economic potential, but Nigeria also faces great development challenges. It's not until 1999 that a democratic regime finally took over Nigeria
Economic history of Nigeria to lose jobs, and there was less money going into the local economy. Foreign investors began to withdraw their money from Nigeria because of the state of conflict Nigeria is in and the degrading economy as a result of the Boko Haram; causing Nigeria to lose 1.33 trillion dollars in foreign investments. Nigerian refugees who were displaced or just seeking refuge from the Boko Haram migrated to neighboring countries such as Cameroon, Ghana, Niger, and Chad. Majority citizens migrated to the southern half of Nigeria where there are more opportunities for work, better economy, and more security. This further plays