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Aliases: Federal Republic of Nigeria

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Object «Nigeria» has attributes

Attribute Value
Geography
Area 923,768 km²
Continent Africa
Land area 910,768 km²
Water area 13,000 km²
Land boundaries 4,477 km
Border countries
  • Benin
  • Cameroon
  • Chad
  • Niger
Coastline 853 km
Mean elevation 380 m
Lowest point 0 m
Highest point 2,419 m
People
Population 214,028,302
Official languages
  • English
Religion Muslim
Government
Long country name Federal Republic of Nigeria
Short country name Nigeria
Long local name Add
Short local name Add
Former name Add
Government type Federal presidential republic
Capital Abuja
Economy
GDP (PPP) 1,121,000,000,000 USD
GDP (OER) 376,400,000,000 USD
GDP (real growth rate) 0.8 %
GDP - per capita (PPP) 5,900 USD
Gross national saving 18.2 % of GDP
Labor force 60,080,000
Unemployment rate 16.5 %
Population below poverty line 70 %
Budget revenues 12,920,000,000 USD
Budget expenditures 19,540,000,000 USD
Military expenditures 0.51 % of GDP
Taxes and other revenues 3.4 % of GDP
Budget surplus or deficit -1.8 % of GDP
Public debt 21.8 % of GDP
Inflation rate 16.5 %
Central bank discount rate 4.25 %
Commercial bank prime lending rate 17.58 %
Stock of narrow money 36,130,000,000 USD
Stock of broad money 36,130,000,000 USD
Stock of domestic credit 84,660,000,000 USD
Market value of publicly traded shares 53,070,000,000 USD
Current account balance 10,380,000,000 USD
Exports 1,146,000,000 USD
Imports 32,670,000,000 USD
Reserves of foreign exchange and gold 38,770,000,000 USD
External debt 40,960,000,000 USD
National currency nairas
National currency (code) NGN
National currency (symbol)
National currency rate to USD 323.5

British influence and control over what would become Nigeria and Africa's most populous country grew through the 19th century. A series of constitutions after World War II granted Nigeria greater autonomy. After independence in 1960, politics were marked by coups and mostly military rule, until the death of a military head of state in 1998 allowed for a political transition. In 1999, a new constitution was adopted and a peaceful transition to civilian government was completed. The government continues to face the daunting task of institutionalizing democracy and reforming a petroleum-based economy, whose revenues have been squandered through corruption and mismanagement. In addition, Nigeria continues to experience longstanding ethnic and religious tensions. Although both the 2003 and 2007 presidential elections were marred by significant irregularities and violence, Nigeria is currently experiencing its longest period of civilian rule since independence. The general elections of 2007 marked the first civilian-to-civilian transfer of power in the country's history and the elections of 2011 were generally regarded as credible. The 2015 election was heralded for the fact that the then-umbrella opposition party, the All Progressives Congress, defeated the long-ruling People's Democratic Party that had governed since 1999 and assumed the presidency after a peaceful transfer of power. Successful presidential and legislative elections were held in early 2019.

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