Nigeria facts and figures

Nigeria's Independence Day
Nigeria's Independence Day

01 October

The most populous country within OPEC, Nigeria has around 213 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 10 per cent of gross domestic product, and petroleum exports revenue represents around 86 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.

Below data covers 2020

Population (million inhabitants) 213.40
Land area (1,000 sq km) 924
GDP per capita ($) 2,016
GDP at market prices (million $) 430,197
Value of exports (million $) 37,984
Value of petroleum exports (million $) 27,730
Current account balance (million $) -17,074
Proven crude oil reserves (million barrels) 36,910
Proven natural gas reserves (billion cu. m.) 5,750
Crude oil production (1,000 b/d) 1,493.2
Marketed production of natural gas (million cu. m.) 49,947.3
Refinery capacity (1,000 b/cd) 461.0
Output of petroleum products (1,000 b/d) 0.9
Oil demand (1,000 b/d) 465.8
Crude oil exports (1,000 b/d) 1,879.3
Exports of petroleum products (1,000 b/d) --
Natural gas exports (million cu. m.) 35,586.1

  • b/d (barrels per day)
  • cu. m. (cubic metres)
  • b/cd (barrels per calendar day)

Source: Annual Statistical Bulletin 2021

  • HE Timipre Sylva

    HE Timipre Sylva

    Minister of State for Petroleum Resources
    Head of Delegation

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  • Dr. Adedapo Odulaja

    Dr. Adedapo Odulaja

    Governor for OPEC

  • Mr. Mele Kyari

    Mr. Mele Kyari

    National Representative