Economy of Nigeria imports a significant amount of food to sustain itself. However, efforts are being made towards making the country food sufficient again. Nigeria's proven oil reserves are estimated to be ; natural gas reserves are well over . Nigeria is a member of the Organization of Petroleum Exporting Countries (OPEC). The types of crude oil exported by Nigeria are Bonny light oil, Forcados crude oil, Qua Ibo crude oil and Brass River crude oil. Poor corporate relations with indigenous communities, vandalism of oil infrastructure, severe ecological damage, and personal security problems throughout the Niger Delta oil-producing region continue to plague Nigeria's
Nigerian Export-Import Bank after Robert Orya was sacked by the President Muhammadu Buhari Administration. Nigerian Export-Import Bank The Nigerian Export-Import Bank (NEXIM) is an export credit agency in Nigeria, established in 1991. The bank was established by the Federal Government of Nigeria with Act 38 of 1991 to replace the Nigerian Export Credit Guarantee & Insurance Corporation. It provides export credit guarantees and export credit insurance for exports of Nigerian commodities and services within and outside West Africa. In 2014 it had a capacity of $39.5 billion in credit and securities for Nigeria's non-oil exports. Bashir Mahe Wali is the Acting. Managing Director/Chief