Click here to read Rabobank's economic vision for this country. The information and publications in this tab are prepared and made available by third parties and are only available in English. No rights can be derived. Rabobank is not responsible or liable for the information and publications. Click here for the full disclaimer.

Introduction

Capital: Abuja

Population

Total Population: 182,201,962
Natural Increase: 2.6%
Density: 200 Inhabitants/km²
Urban Population: 47.8%
Ethnic Origins: As Africa's most populous country, Nigeria is composed of more than 250 ethnic groups of African origin. The largest and most politically influential are the Hausa and Fulani (about 29%), the Yoruba (about 21%) and the Igbo / Ibo (about 18%).
Official Language: English
Other Languages Spoken: There are more than 500 languages spoken in Nigeria. The main ones are Fulfulde, Gbagyi, Hausa, Yoruba, Igbo (Ibo) and Fulani.
Business Language(s): English is Nigeria's official language and is widely used in government and commerce. It is spoken by around 50% of the population with varying degrees of fluency, making Nigeria the largest English-speaking country in Africa.
Religion: Muslim 50%, Christian 40%, Indigenous beliefs 10%.
Literacy Rate: 69.1%
National Currency: Nigerian Naira (NGN)
Exchange rate (average of the last 30 days):
1 NGN = 0.0028 EUR

Country Overview

Area: 923,770 km²
Type of State: Federal Republic Democracy
Type of Economy: Low-income economy.
The leading African producer and the fifth largest world exporter of petroleum; second greatest receiver of international aid in the world.
HDI*: 0.514/1
HDI (World Rank): 152/188

Note: (*) The HDI, Human Development Index, is an Indicator Which Synthesizes Several Data Such as Life Expectancy, Level of Education, Professional Careers, Access to Culture etc.


Telecommunication

Telephone Code:
To call from Nigeria, dial 009
To call Nigeria, dial +234
Internet Suffix: .ng
Computers: 0.9 per 100 Inhabitants
Telephone Lines: 0.3 per 100 Inhabitants
Internet Users: 32.9 per 100 Inhabitants
Access to Electricity: 55.6% of the Population

Foreign Trade in Figures

 
Foreign Trade Indicators 20112012201320142015
Imports of Goods (million USD) 56,00051,00056,00060,00048,000
Exports of Goods (million USD) 116,000114,700102,40094,20048,400
Imports of Services (million USD) 22,47022,41220,07922,54618,836
Exports of Services (million USD) 2,3142,0671,9161,4952,742

Source: WTO – World Trade Organisation, 2016

 

© Export Entreprises SA, All Rights Reserved.
Last Updates: June 2017