Nigeria

Nigeria

Nigeria facts and figures

Nigeria's Independence Day
Nigeria's Independence Day

01 October

The most populous country within OPEC, Nigeria has around 221 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. Its currency is the naira.

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 2021

Population (million inhabitants) 221.60
Land area (1,000 sq km) 924
GDP per capita ($) 2,122
GDP at market prices (million $) 470,332
Value of exports (million $) 68,119
Value of petroleum exports (million $) 53,457
Current account balance (million $) -1,010
Proven crude oil reserves (million barrels) 36,967
Proven natural gas reserves (billion cu. m.) 5,913
Crude oil production (1,000 b/d) 1,138
Marketed production of natural gas (million cu. m.) 44,307
Refinery capacity (1,000 b/cd) 486
Output of petroleum products (1,000 b/d) 6
Oil demand (1,000 b/d) 518
Crude oil exports (1,000 b/d) 1,388
Exports of petroleum products (1,000 b/d) --
Natural gas exports (million cu. m.) 32,190

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

Source: Annual Statistical Bulletin 2022

  • HE Sen. Heineken Lokpobiri

    HE Sen. Heineken Lokpobiri

    Minister of State - Petroleum Resources (Oil)
    Head of Delegation

  • Ambassador Gabriel Tanimu Aduda

    Ambassador Gabriel Tanimu Aduda

    Governor for OPEC

  • Mr. Mele Kyari

    Mr. Mele Kyari

    National Representative