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
Deforestation in Nigeria countries with a rainforest. The developing countries receive money upon successful completion of lowering their country’s emissions. A similar concept has been designed by REDD, Reducing Emissions from Deforestation in and Forest Degradation in Developing Countries. In REDD the countries are able to receive much more money in the form of carbon credits which can be spent on more environmentally safe practices. Deforestation all over the globe is threatening the sustainability of the environment but has had especially detrimental effects in Nigeria due to their high rates. Deforestation puts at risk all aspects of the environment, the economy and of