COUNTRY PROFILE

COUNTRY
FEDERAL REPUBLIC OF NIGERIA
REGION
WEST AFRICA
CAPITAL CITY
ABUJA
POPULATION
178.5 MIL
OFFICIAL LANGUAGE
ENGLISH
CURRENCY
NAIRA (NGN)


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ECONOMIC INDICATORS

GDP
569
BILLION US$
GDP (PER CAPITA)
1092
US$
GDP GROWTH
9.2%
INFLATION CONSUMER PRICES
11.4%
CURRENT ACCOUNT BALANCE
12.7
BILLION US$
UNEMPLOYMENT
8.2%
LENDING INTEREST RATE
11%
EXPORTS OF GOODS & SERVICES
18.4%
OF GDP
IMPORTS OF GOODS & SERVICES
12.5%
OF GDP
TAX REVENUE
4.1%
OF GDP

POLITICAL STRUCTURE

HEAD OF STATE

MUHAMMADU BUHARI

EXECUTIVE ELECTIONS

EXPECTED
2019

LEGISLATIVE STRUCTURE

BICAMERAL

LEGISLATIVE ELECTIONS

EXPECTED
2019

GDP PROFILE

AGRICULTURE
20.2%
INDUSTRY
24.9%
SERVICES
54.8%

EXPORTS

AGRICULTURAL PRODUCTS
8.3%
FUELS & MINING PRODUCTS
79.9%
MANUFACTURED PRODUCTS
3.4%

EASE OF DOING BUSINESS RANKING

2015

2014

STARTING A BUSINESS

129

138

DEALING WITH CONSTRUCTION PERMIT

171

168

REGISTERING PROPERTY

185

185

2015

2014

PROTECTING INVESTORS

62

61

PAYING TAXES

179

177

ENFORCING CONTRACTS

140

139

ADDITIONAL INSIGHT

STOCK EXCHANGE CAPITALIZATION

US $ 56.3 BILLION

NET OFFICIAL DEVELOPMENT ASSISTANCE

US $ 1.9 BILLION

URBAN POPULATION (% OF TOTAL)

50%

FOREIGN DIRECT INVESTMENT

US $ 7.1 BILLION

INTERNET PENETRATION RATE

32.9%

MOBILE PHONE SUBSCRIPTION RATE

67%

TOTAL OIL PRODUCTION

2.1 MILLION BPD

GLOBAL TERRORISM INDEX

7 * 1 IS MOST TERRORISM. 116 IS LEAST

MO IBRAHIM GOOD GOVERNANCE RATING

41 * 1 IS BEST GOVERNANCE. 52 IS WORST GOVERNANCE

Graphics credit: www.infographic.ly

SOURCES
TRADING ECONOMICS INDICATORS
CIA WORLD FACT BOOK
IBRAHIM INDEX OF AFRICAN GOVERNANCE
WORLD BANK DOING BUSINESS 2015
WORLD BANK 2013/2014
WORLD TRADE ORGANISATION TRADE REPORTS

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