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1 Nigeria Country Profile Nigeria Country Profile Nigeria Country Profile Politics Economy Trade & Industries General Profile Total area 923,768 Km² Population 170,123,740 (July 2012 est.) 2008 2009 2010 Population World (in Billion) 6.7 6.8 6.9 Government type Federal Republic Chief of state President Goodluck JONATHAN Head of government President Goodluck JONATHAN Capital Abuja Climate Varies; equatorial in south, tropical in center, arid in north Language English (official), Hausa, Yoruba, Igbo (Ibo), Fulani Major City Lagos, Kano, Ibadan, Abuja, Kaduna Economy Profile 2009 2010 2011 World GDP Growth -5% 9% - World GDP (in Trillions) 58.1 63.3 - Nigeria GDP Growth 7% 8.7% 6.9% GDP $247.1 billion GDP – Per capita $2,600 agriculture: 35.4% GDP – Composition by sector industry: 33.6% services: 31% General Profile General Inflation 10.8% (2011) Exchanges Rates 1 USD = 152.7 nairas (NGN) Chapter: Chapter: 1 Unemployment Rate 21% Economy Profile Economy Chapter: Chapter: 2 Ports and Terminals Bonny Inshore Terminal, Calabar, Lagos Nnamdi Azikiwe International Airport Mallam Aminu Kano International Airport Murtala Muhammed International Airport Port Harcourt International Airport Margaret Ekpo International Airport International Airports Akanu Ibiam International Airport Maiduguri International Airport Sadiq Abubakar III International Airport Asaba International Airport Gombe Lawanti International Airport Senate - percent of vote by party - NA; seats by party - PDP 73, ACN 17, ANPP 7, CPC 6, LP 4, other 2; House of Representatives - percent Election results of vote by party - NA; seats by party - PDP 205, ACN 69, CPC 36, ANPP 28, LP 9, APGA 6, ACC 5, other 2; note - due to logistical problems elections in a number of constituencies were held on 26 April 2011 Min. of Agriculture & Natural Resources : Akinwunmi Ayo ADESINA, Dr. Min. of Aviation : Stella ODUAH-OGIEMWONYI Min. of Communication Technology : Omobola Johnson OLUBUSOLA Min. of Culture & Tourism : Edem DUKE Min. of Defense : Bello MOHAMMED Min. of Education : Raqayyatu Ahmed RUFAI Min. of Environment : Hadiza Ibrahim MAILAFA Min. of the Federal Capital Territory : Bala MOHAMMED Min. of Finance : Ngozi OKONJO-IWEALA Min. of Foreign Affairs : Olugbenga ASHIRU Min. of Health : Onyebuchi CHUKWU Min. of Information & Communications : Labaran MAKU Ministry Name Min. of Interior : Abba MORO Min. of Justice & Attorney Gen. of the Federation : Mohammed Bello ADOKE Min. of Labor & Productivity : Chukwuemeka Ngozichineke WOGU Min. of Lands, Housing, & Development : Ama PEPPLE Min. of Mines & Steel Development : Musa Mohammed SADA Min. of National Planning Commission : Shamsudeen USMAN Min. of National Sports Commission : Ibrahim Isa BIO Min. for the Niger Delta Affairs : Peter Godsday ORUBEBE Min. of Petroleum Resources : Diezani ALISON-MADUEKE Min. of Police Affairs : Caleb OLUBOLADE, Capt. (Ret.) Min. of Power : Bart NNAJI Terminals Ports and Min. of Science & Technology : Ita Okon Bassey EWA Min. of Special Duties : Ernest OLUBOLADE Chapter: Chapter: 3 Min. of Sports : Yusuf SULEIMAN Min. of Trade & Investment : Olusegun AGANGA Min. of Transport : Idris UMAR Min. of Water Resources : Sarah Reng OCHEKPE Min. of Women's Affairs : Zainab MAINA Min. of Works : Mike ONOLEMEMEN Min. of Youth Development : Bolaji ABDULLAHI Ministry Name Ministry Chapter: Chapter: 4 Accord Party [Augustine MAZIE, acting]; Action Congress of Nigeria or ACN [Bisi AKANDE]; All Nigeria Peoples Party or ANPP [Ogbonnaya ONU]; All Progressives Grand Alliance or APGA [Victor C. UMEH]; Alliance for Democracy or AD [Mojisoluwa AKINFENWA]; Conference Political parties and of Nigerian Political Parities or CNPP [Abdulkadir Balarabe MUSA]; leaders Congress for Progressive Change or CPC; Democratic Peoples Party or DPP [Jeremiah USENI]; Fresh Democratic Party [Chris OKOTIE]; Labor Party [Dan NWANYANWU]; National Democratic Party or NDP [Aliyu Habu FARI]; Peoples Democratic Party or PDP [Dr. Okwesilieze NWODO]; Peoples Progressive Alliance [Larry ESIN] Nigeria is a lower-middle income country, the second largest economy in Sub-Saharan Africa, and is the World’s 8th largest producer of oil with a current output of 2.4 million barrels per day (mbpd) of quality crude. Capacity is closer to 3mbpd, but a poor security situation prevents this being achieved. Although there has been increasing focus on diversifying the economy, it is still highly dependent on the oil/gas sector and is sensitive to price fluctuations. In 2011 oil accounted for just over one fifth of GDP, 80% of government revenue and over 95% of export earnings. Agriculture accounted for around 35% of GDP employing around 70% of the population, the services sector for just over 30% and manufacturing 5% of GDP. Despite Nigeria’s oil wealth, Nigeria’s GDP per capita is low and unemployment is at approximately 24%. Few Nigerians, including those in oil-producing areas, have benefited from the oil wealth. Social indicators in Nigeria are also low: Nigeria has 10% of the world’s children out of school, and accounts for 10% of child and Nigeria Economy maternal deaths and 25% of global malarial cases. Characteristics The trade in stolen oil, alongside poor governance, has fuelled violence and corruption.. The World Bank ranks Nigeria 133 out of 183 countries on the 2011 ease of doing business report. It was ranked 143 out of 183 countries in Transparency International’s Corruption Perception Index in 2011. Nigeria faces immense challenges in accelerating growth, reducing poverty and meeting the Millennium Development Goals (MDGs). In May 2004, Nigeria launched its National and State Economic Empowerment and Development Strategies (NEEDS and SEEDS) for growth and poverty reduction based on 3 pillars: (i) empowering people and improving social service delivery; (ii) improving the private sector and focusing on non-oil growth; and (iii) changing the way government works and improving governance. This was followed in 2007 by President Yar’Adua’s 7-point agenda. This focused on energy, security, wealth creation, education, land reform, mass transit and the Niger Delta. Some good progress was made, particularly at federal leaders and parties Political level on macroeconomic stabilisation and procurement, as well as during the last year on financial sector reform. President Jonathan has Chapter: Chapter: 5 laid out a wide-ranging transformation agenda that aims to reform the Nigerian economy to fit the future needs of the Nigerian people. ACP, AfDB, AU, C, CD, D-8, ECOWAS, FAO, G-15, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURSO, International organization MONUSCO, NAM, OAS (observer), OIC, OPCW, OPEC, PCA, UN, participation UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNISFA, UNITAR, UNMIL, UNMISS, UNOCI, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO Crude oil, coal, tin, columbite; rubber products, wood; hides and Main Industry skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel Biggest Company Dangote Cement International organization participation organization International Chapter: Chapter: 6 .
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