Nigeria

Official Name:

Federal Republic of Nigeria (Nigeria)

Area:

923.768 km ²

Population (2007):

135.031.164 inhabitants

Coastline:

853 km

Capital:

Abuja

Maritime Ports and terminals:

Bonny Inshore Terminal, Calabar, Lagos, Port Harcourt

Maritime claims:

• Territorial sea: 12 nm
• Exclusive economic zone: 200 nm
• Continental shelf:200-m depth or to the depth of exploitation

Political divisions:

36 states and 1 territory; Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Federal Capital Territory, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Nassarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto, Taraba, Yobe, Zamfara

Language(s):

English (official), Hausa, Yoruba, Igbo (Ibo), Fulani

National holiday:

Independence Day (National Day), 1 October (1960)

Nationality:

Nigerian(s)

Official time:

UTC 1.

Member of:

ACP, AfDB, AU, C, ECOWAS, FAO, G-15, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITU, ITUC, MIGA, MINURSO, MONUC, NAM, OAS (observer), OIC, ONUB, OPCW, OPEC, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNMEE, UNMIL, UNMIS, UNMOVIC, UNOCI, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO

Internet country code:

.ng

Economic Profile

Currency:

Naira (NGN)

GDP - per capita (PPP):

USD1.500 (2006 est.)

GDP (official exchange rate):

(2006 est.) USD 83.360.000.000

PIB (Real growth rate:

5,3% (2006 est.)

GDP (Composition by sector): (2006 est.)

• Agriculture: 17,3%
• Industry: 53,2%
• Services: 29,5%

Labor force:

48.990.000 (2006 est.)

Labor force - by occupation (1999):

• Agriculture 70%
• Industry: 10%
• Services 20%

Unemployment rate:

5,8% (2006 est.)

Inflation rate (Consumer prices):

10,5% (2006 est)

Investment (Gross Fixed):

26,4% del PIB (2006 est.)

Budget:

• Revenues: USD17.860.000.000
• Expenditures: USD19.050.000.000

Public debt:

10,4% of GDP (2006 est.)

Current account balance:

USD 12.590.000.000 (2006 est.)

Exports:

USD 59.010.000.000 FOB (2006 est.)

Exports - Commodities:

Petroleum and petroleum products 95%, cocoa, rubber

Exports - Partners:

US 52,5%, Spain 8,2%, Brazil 6,1% (2005)

Imports:

USD 25.100.000.000 FOB (2006 est.)

Imports - Commodities:

Machinery, chemicals, transport equipment, manufactured goods, food and live animals

Imports - partners:

China 10,4%, US 7,3%, UK 6,7%, Netherlands 6%, France 5,9%, Brazil 4,3%, Germany 4,2% (2005)

Reserves of foreign exchange and gold:

USD 42.970.000.000 (2006 est.)

Debt - external:

USD 6.278.000.000 (2006)