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Keyfacts

Official name: Federal Republic of Nigeria

Head of State: President General Olusegun Obasanjo (PDP) (since 1999; re-elected May 2003) (President-elect Umaru Yar'Adua takes office 29 May 2007)

Head of government: President General Olusegun Obasanjo

Ruling party: People's Democratic Party (PDP) (since 1999; re-elected Apr 2003)

Area: 923,768 square km

Population: 130.24 million (2005)

Capital: Abuja – federal capital since 1991; Lagos – commercial capital.

Official language: English

Currency: Naira (N) = 100 kobo

Exchange rate: N128.16 per US$ (Jan 2007)

GDP per capita: US$678 (2005)

GDP real growth: 6.90% (2005); 7.5% (2nd Q 2006, CBN)

Labour force: 55.93 million (2004)

Unemployment: 2.60% (2004)

Inflation: 17.90% (2005); 8.5% (2nd Q 2006, CBN)

Oil production: 2.46 million bpd (2006)

Balance of trade: US$25.15 billion (2005)

Foreign debt: US$35.00 billion (2004)