Over
Countries
0
Since 1924
Years
0
Over
Since 1924
Area
923,768 sq. km.
Population
236,747,130 (2024).
Federal capital
Abuja.
Currency
Naira (NGN).
Main languages
Hausa, lbo, Yoruba.
Official language
English.
Imports
Pharmaceutical products, iron and steel, vehicles, oil services equipment, machinery, spare parts and now, refined petroleum products due to the poor state of the refineries.
Exports
Palm oil, rubber, cocoa, timber, groundnuts, palm kernels, crude oil, coal, columbite, tin ore, tin metal, hides and skins.
Nigeria is Africa’s leading oil producer. Natural gas is also an important resource with initiatives now being undertaken to exploit it – for example, The Nigerian Liquified Natural Gas (NLNG) project, Mobil’s Oso condensate project and Chevron’s Escravos Liquified Natural Gas project. Agriculture is still important and there is a growing timber industry and large rice and cassava plantations in the south of the country. The southwest also produces cocoa, rubber, and timber whilst the southeast is the main area for palm oil, rice and cassava productions. Cattle farming is predominant in the north which also produces grains and a large percentage of the vegetable food stuff for domestic consumption. Manufacturing industries which saw an expansion in the 70’s and 80’s are now stagnating due to a severe challenges in the electricity generation. Hydroelectrical power is being produced from the River Niger, particularly from the Kainji Dams, but the country relies most on thermal power stations (also powered by gas).
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