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NigeriaNigeria Member

The Federal Republic of Nigeria is located in western Africa, on the Gulf of Guinea, and has a total area of about 924,000 km2. It shares a 4,047 kilometre border with Benin, Niger, Chad, and Cameroon, and has a coastline of at least 853 km.

Nigeria is the most populous country in Africa. The United Nations estimates that the population is 195,874,740 people, distributed as 51.7 percent rural and 48.3 percent urban, and with a population density of 167.5 people per km2.

The President of Nigeria is HE Muhammadu Buhari and Vice President is HE Yemi Osibajo.
Nigeria is the 12th largest producer of petroleum in the world and possesses the largest natural gas reserves in the African continent. The capital-intensive oil sector provides 20 percent of the GDP, 95 percent of the foreign exchange earnings, and about 65 percent of the budgetary revenues.

Natural gas reserves are well over 5 trillion m³, being several times as substantial as the crude oil reserves. The biggest natural gas operator is the Nigerian Liquefied Natural Gas Company which began exploration and production in 1999. Currently, a lot of effort is being placed towards making use of the abundant reserves of associated gas and reduced flaring, as many Nigerian oil fields are saturated, and have primary gas caps.
Apart from petroleum and gas, Nigeria also has a wide array of natural resources, which include coal, bauxite, gold, tin, iron ore, limestone, niobium, lead, and zinc.

Nigerian economy has well-developed financial, legal, communications, and transport sectors, with a substantial stock exchange, the Nigerian Stock Exchange, which is the second largest in Africa.

Major Indicators

Land (sq.km) 923,770
Population (inhabitants) 195,874,740
Capital Abuja
Continent Africa
Language(s) English (official)
National currency Nigerian Naira
Time Zone GMT+1
Labor force (inhabitants) 60,724,387
GDP (current billion US$) 397.27
GDP per capita (current US$) 2,028.18
GDP growth (percentage) 1.94
Exports of Goods and Services (current billion US$) NA
Proven natural gas reserves (billion c.m.) 5,685
Natural gas marketed production (billion c.m.) 46.97
Pipeline exports (billion c.m.) 0.72
LNG exports (billion c.m.) 31.11
Domestic natural gas consumption (billion c.m.) 12.17

Location

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