Keyfacts
Last Updated on Monday, 22 June 2009 08:28
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)