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How can the recent discovery of oil in Africa (Country of Chad) affect the African economy, in the future?

(Hi! So, I want to check my answer with someone else's. Can you help me out and answer this one?)

User Inntran
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The recent discovery of oil in Africa (Country of Chad) can affect the African economy, especially in Chad, in the future through the process of exporting oil to developed countries who import the resource and reducing the amount of imported oil from other countries. These actions have a major effect on the economy of a country and can help stabilize the economy or create trade deficits depending on the extent of each action and the choices of the country’s political leaders.

User Christian Lund
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