The Parliament is made up of the Senate (Upper House) and House of Representatives (Lower House).
For more than 20 years, when Dr Muhammad was the Prime Minister, his Finance Ministers had consistently emerged the second most powerful men, a reward for watching the health of the economy. Though government is active in every sector, this is in the form of ensuring compliance with economic policies by both the public and private sectors.
At the turn of the last century, large quantity of palm seedlings was ferried from Nigeria for transplant in Malaysia.
It reduced the 21 commercial banks, 12 merchant banks and 25 finace houses to only six in each segment. Its Gross Domestic Product (GDP) averaged 12 per cent in over two and half decade resulting in a bullish emerging market and powerful member of the famed Asian Tigers.
To underscore Malaysia’s technological and financial muscles, the nation’s capital, Kuala Lumpur currently houses the world’s tallest office complex, the Petronas Towers, which is 1,482 feet high, all massive steel and glass. Nigerian politics Nigeria is a Federal Republic modelled after the United States, with executive power exercised by the President.
Nigeria is the United States’ largest trading partner in sub-Saharan Africa and supplies a fifth of its oil (11 per cent of oil imports). goods and the 14th-largest exporter of goods to the US.