Nigeria facts and figures
Nigeria's Independence Day
The most populous country within OPEC, Nigeria has over 163 million inhabitants. Located on the Gulf of Guinea on Africa’s western coast, Nigeria covers an area of 924,000 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 capital-intensive oil sector provides 20 per cent of gross domestic product, 95 per cent of foreign exchange earnings, and about 65 per cent of budgetary revenues. Its currency is the naira.
Nigeria’s President is Dr. Goodluck Ebele Jonathan. 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)||163.32|
|Land area (1,000 sq km)||924|
|Population density (inhabitants per sq km)||177|
|GDP per capita ($)||1,443|
|GDP at market prices (billion $)||235.69|
|Value of exports (billion $)||108.30|
|Value of petroleum exports (billion $)||86.20|
|Current account balance (billion $)||17.85|
|Proven crude oil reserves (billion barrels)||37.20|
|Proven natural gas reserves (billion cu. m.)||5,154|
|Crude oil production (1,000 b/d)||1,975|
|Marketed production of natural gas (billion cu. m.)||41.32|
|Refinery capacity (1,000 b/d)||445|
|Output of petroleum products (1,000 b/d)||100.3|
|Oil Consumption (1,000 b/d)||267|
|Crude oil exports (1,000 b/d)||2,377|
|Exports of petroleum products (1,000 b/d)||23.6|
|Natural gas exports (billion cu. m.)||25.94|
- b/d (barrels per day)
- cu. m. (cubic metres)
Source: Annual Statistical Bulletin 2012