Nigeria and Ecuador are developing and emerging economies within their respective regions – West Africa and South America. Both economies are heavily dependent on proceeds from crude oil exports and possess a strong agricultural focus, which is crucial for employment generation.
However, today, Ecuador has diversified its revenue base beyond crude oil, with shrimp exports reaching $8.4 billion in 2025 and surpassing oil revenue for the first time in its history.
The figure is 37.7 percent higher than Nigeria’s $6.1 billion earnings from i
