Nigeria

Continent

Africa

Capital

Abuja

Population

236,747,130

Sub-Zones

General Information

Basic details about Nigeria

Population:: 236,747,130
Area:: 923,768 sq km
Currency:: nairas
Languages:: English, Hausa, Yoruba, Igbo, Fulani, over 500 additional indigenous languages

Economic Overview

Key economic indicators for Nigeria

GDP:: $1.275 trillion
GDP per Capita:: $5,600
GDP Growth:: 2.86%
Inflation:: 24.66%
Unemployment:: 3.07%
Public Debt:: 21.8% of GDP
Credit Rating:: B- (2020)

Political System

Governance structure of Nigeria

Government Type:: federal presidential republic
Head of State:: President Bola Ahmed Adekunle TINUBU (since 29 May 2023)
Head of Government:: President Bola Ahmed Adekunle TINUBU (since 29 May 2023)
Judiciary:: Supreme Court (consists of the chief justice and 15 justices)
Administrative Divisions:: 36 states and 1 territory*; Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Federal Capital Territory*, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto, Taraba, Yobe, Zamfara

Major Political Parties

Not specified

International Relations

Global position and alliances

UN Member:: Yes
EU Member:: No
Diplomatic Presence:: 3519 International Court NW, Washington, DC 20008

Major Alliances and Organizations

Economic Sectors & Trade

Detailed economic breakdown

Major Economic Sectors

Agriculture

22.7% (2023 est.)

Industry

32.6% (2023 est.)

Services

42.8% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

Trade Volume

Exports:: $60.261 billion
Imports:: $65.423 billion

Major Trading Partners

USA 10

Spain 9

France 8

Netherlands 7

India 6

Economic Outlook

Nigeria has a 2.86% GDP growth rate with 24.66% inflation. The economy is characterized by a strong agriculture sector.