Nigeria facts and figures
Nigeria's Independence Day
The most populous country within OPEC, Nigeria has over 172 million inhabitants. Located on the Gulf of Guinea on Africa’s western coast, Nigeria covers an area of around 924 thousand square kilometres. Abuja, the capital since 1991, has a population of more than one million. English is Nigeria’s official language, although many local languages such as Hausa, Yoruba, Igbo and Ijaw are also spoken.
Apart from petroleum, Nigeria’s other natural resources include natural gas, tin, iron ore, coal, limestone, niobium, lead, zinc and arable land. The oil and gas sector accounts for about 35 per cent of gross domestic product, and petroleum exports revenue represents over 90 per cent of total exports revenue. Its currency is the naira.
Nigeria’s Head of State and Commander-in-Chief of the Armed Forces is HE Muhammadu Buhari. The country joined OPEC in 1971.
Did you know?
- Conservationists say that Nigeria’s unique rainforest region is amongst the richest in Africa. The country is also home to numerous important game reserves, such as the Yankari and Kainji national parks.
- Oil was first discovered in Oloibiri, in Nigeria’s Bayelsa State, in 1956.
|Population (million inhabitants)||172.29|
|Land area (1,000 sq km)||924|
|Population density (inhabitants per sq km)||187|
|GDP per capita ($)||2,994|
|GDP at market prices (million $)||515,787|
|Value of exports (million $)||95,118|
|Value of petroleum exports (million $)||89,314|
|Current account balance (million $)||20,711|
|Proven crude oil reserves (million barrels)||37,070|
|Proven natural gas reserves (billion cu. m.)||5,111|
|Crude oil production (1,000 b/d)||1,754|
|Marketed production of natural gas (million cu. m.)||38,411|
|Refinery capacity (1,000 b/cd)||445|
|Output of refined petroleum products (1,000 b/d)||88.5|
|Oil demand (1,000 b/d)||385|
|Crude oil exports (1,000 b/d)||2,193|
|Exports of petroleum products (1,000 b/d)||23.0|
|Natural gas exports (million cu. m.)||24,543|
- b/d (barrels per day)
- cu. m. (cubic metres)
- b/cd (barrels per calendar day)
Source: Annual Statistical Bulletin 2014