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NAVIGATION
Federal Republic of Nigeria
GOVERNMENT
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Country name:
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conventional long form: Federal Republic of Nigeria
conventional short form: Nigeria |
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Government type:
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republic transitioning from military to civilian rule |
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Capital:
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Abuja; note - on 12 December 1991 the capital was officially transferred from Lagos to Abuja; most federal government offices have now made the move to Abuja |
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Administrative divisions:
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36 states and 1 territory*; Abia, Abuja Federal Capital Territory*, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Nassarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto, Taraba, Yobe, Zamfara |
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Independence:
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1 October 1960 (from UK) |
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National holiday:
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Independence Day (National Day), 1 October (1960) |
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Constitution:
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new constitution adopted May 1999 |
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Legal system:
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based on English common law, Islamic Shariah law (only in some northern states), and traditional law |
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Suffrage:
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18 years of age; universal |
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Executive branch:
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chief of state: President Olusegun OBASANJO (since 29 May 1999); note - the president is both the chief of state and head of government
head of government: President Olusegun OBASANJO (since 29 May 1999); note - the president is both the chief of state and head of government cabinet: Federal Executive Council elections: president is elected by popular vote for no more than two four-year terms; election last held 27 February 1999 (next to be held 19 April 2003) election results: Olusegun OBASANJO elected president; percent of vote - Olusegun OBASANJO (PDP) 62.8%, Olu FALAE (APP-AD) 37.2% |
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Legislative branch:
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bicameral National Assembly consists of Senate (109 seats, three from each state and one from the Federal Capital Territory; members elected by popular vote to serve four-year terms) and House of Representatives (360 seats, members elected by popular vote to serve four-year terms)
elections: Senate - last held 20-24 February 1999 (next to be held 13 April 2003); House of Representatives - last held 20-24 February 1999 (next to be held 13 April 2003) election results: Senate - percent of vote by party - PDP 58%, APP 23%, AD 19%; seats by party - PDP 67, APP 23, AD 19; House of Representatives - percent of vote by party - PDP 58%, APP 30%, AD 12%; seats by party - PDP 221, APP 70, AD 69 |
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Judicial branch:
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Supreme Court (judges appointed by the President); Federal Court of Appeal (judges are appointed by the federal government on the advice of the Advisory Judicial Committee) |
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Political parties and leaders:
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All People's Party or APP [leader NA]; Alliance for Democracy or AD [Alhaji Adamu ABDULKADIR]; People's Democratic Party or PDP [Audu OGBEH] |
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Political pressure groups and leaders:
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NA |
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International organization participation:
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ACP, AfDB, C, CCC, ECA, ECOWAS, FAO, G-19, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, ISO, ITU, MINURSO, MONUC, NAM, OAU, OIC, OPCW, OPEC, PCA, UN, UNAMSIL, UNCTAD, UNESCO, UNHCR, UNIDO, UNIKOM, UNITAR, UNMEE, UNMIK, UNMOP, UNMOT, UNMOVIC, UNU, UPU, WFTU, WHO, WIPO, WMO, WToO, WTrO |
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Diplomatic representation in the US:
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chief of mission: Ambassador Jibril AMINU
consulate(s) general: Atlanta and New York FAX: [1] (202) 775-1385 telephone: [1] (202) 986-8400 chancery: 1333 16th Street NW, Washington, DC 20036 |
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Diplomatic representation from the US:
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chief of mission: Ambassador Howard Franklin JETER
embassy: 7 Mambilla Drive, Abuja mailing address: P. O. Box 554, Lagos telephone: [234] (9) 523-0916/0906/5857/2235/2205 FAX: [234] (9) 523-0353 |
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Flag description:
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three equal vertical bands of green (hoist side), white, and green |
ECONOMY
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Economy - overview:
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The oil-rich Nigerian economy, long hobbled by political instability, corruption, and poor macroeconomic management, is undergoing substantial economic reform under the new civilian administration. Nigeria's former military rulers failed to diversify the economy away from overdependence on the capital-intensive oil sector, which provides 20% of GDP, 95% of foreign exchange earnings, and about 65% of budgetary revenues. The largely subsistence agricultural sector has failed to keep up with rapid population growth, and Nigeria, once a large net exporter of food, now must import food. Following the signing of an IMF stand-by agreement in August 2000, Nigeria received a debt-restructuring deal from the Paris Club and a $1 billion credit from the IMF, both contingent on economic reforms. The agreement was allowed to expire by the IMF in November 2001, however, and Nigeria appears unlikely to receive substantial multilateral assistance in 2002. Nonetheless, increases in foreign oil investment and oil production should push growth over 4% in 2002. |
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GDP:
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purchasing power parity - $105.9 billion (2001 est.) |
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GDP - real growth rate:
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3.5% (2001 est.) |
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GDP - per capita:
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purchasing power parity - $840 (2001 est.) |
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GDP - composition by sector:
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agriculture: 39%
industry: 33% services: 28% (2000 est.) |
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Population below poverty line:
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45% (2000 est.) |
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Household income or consumption by percentage share:
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lowest 10%: 2%
highest 10%: 41% (1996-97) |
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Distribution of family income - Gini index:
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51 (1996-97 ) |
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Inflation rate (consumer prices):
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14.9% (2001 est.) |
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Labor force:
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66 million (1999 est.) |
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Labor force - by occupation:
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agriculture 70%, industry 10%, services 20% (1999 est.) |
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Unemployment rate:
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0.28% 28% (1992 est.) (1992 est.) |
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Budget:
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revenues: $3.4 billion
expenditures: $3.6 billion, including capital expenditures of $NA (2000 est.) |
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Industries:
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crude oil, coal, tin, columbite, palm oil, peanuts, cotton, rubber, wood, hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel |
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Industrial production growth rate:
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-0.3% (2001 est.) |
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Electricity - production:
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15.9 billion kWh (2000) |
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Electricity - production by source:
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fossil fuel: 64%
hydro: 36% other: 0% (2000) nuclear: 0% |
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Electricity - consumption:
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14.768 billion kWh (2000) |
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Electricity - exports:
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19 million kWh (2000) |
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Electricity - imports:
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0 kWh (2000) |
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Agriculture - products:
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cocoa, peanuts, palm oil, corn, rice, sorghum, millet, cassava (tapioca), yams, rubber; cattle, sheep, goats, pigs; timber; fish |
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Exports:
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$20.3 billion f.o.b. (2001 est.) |
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Exports - commodities:
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petroleum and petroleum products 95%, cocoa, rubber |
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Exports - partners:
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US 46%, Spain 11%, India 6%, France 5%, Brazil (2000) |
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Imports:
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$13.7 billion f.o.b. (2001 est.) |
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Imports - commodities:
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machinery, chemicals, transport equipment, manufactured goods, food and live animals |
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Imports - partners:
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UK 11%, US 9%, France 9%, Germany 7%, China (2000) |
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Debt - external:
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$32 billion (2000 est.) |
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Economic aid - recipient:
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ODA $250 million (1998) (1998) |
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Currency:
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naira (NGN) |
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Currency code:
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NGN |
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Exchange rates:
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nairas per US dollar - 115 (January 2002), 101.697 (2000), 92.338 (1999), 21.886 (1998), 21.886 (1997) |
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Fiscal year:
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calendar year |