Background: Following nearly
16 years of military rule, a new constitution was adopted in 1999,
and a peaceful transition to civilian government was completed. The
president faces the daunting task of rebuilding a petroleum-based economy,
whose revenues have been squandered through corruption and mismanagement,
and institutionalizing democracy. In addition, the OBASANJO administration
must defuse longstanding ethnic and religious tensions, if it is to
build a sound foundation for economic growth and political stability.
Location: Western Africa, bordering
the Gulf of Guinea, between Benin and Cameroon
Geographic coordinates: 10 00 N, 8 00 E
Area:
total: 923,770 sq km
land: 910,770 sq km
water : 13,000 sq km
Land boundaries:
total: 4,047 km
border countries: Benin 773 km, Cameroon 1,690 km, Chad 87 km, Niger
1,497 km
Coastline: 853 km
Maritime claims: continental shelf: 200-m depth
or to the depth of exploitation
exclusive economic zone : 200 nm
territorial sea: 30 nm
Climate: varies; equatorial in south, tropical
in center, arid in north
Terrain: southern lowlands merge into central
hills and plateaus; mountains in southeast, plains in north
Elevation extremes:
lowest point: Atlantic Ocean 0 m
highest point : Chappal Waddi 2,419 m
Natural resources: natural gas, petroleum, tin,
columbite, iron ore, coal, limestone, lead, zinc, arable land
Irrigated land: 9,570 sq km (1993 est.); 2,330
sq km (1998 est.); 2,820 sq km (2003)
Natural
hazards: periodic droughts; flooding
Environment - current issues: soil degradation;
rapid deforestation; urban air and water pollution; desertification;
oil pollution - water, air, and soil; has suffered serious damage from
oil spills; loss of arable land; rapid urbanization
Environment
- international agreements:
party to : Biodiversity, Climate Change, Desertification, Endangered
Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Marine
Life Conservation, Nuclear Test Ban, Ozone Layer Protection, Wetlands
signed, but not ratified: none of the selected agreements
Population: 107,129,469 (July 1997 est.); 123,337,822
(July 2000 est.); 129,934,911 (July 2002 est.); 138,283,240
(July 2008 est.)
note: estimates for this country explicitly take into account the effects
of excess mortality due to AIDS; this can result in lower life expectancy,
higher infant mortality, higher death rates, lower population growth
rates, and changes in the distribution of population by age and sex
than would otherwise be expected
Age structure:
0-14 years: 42.2% (male 29,378,127/female 28,953,864)
15-64 years: 54.7% (male 38,466,129/female 37,172,355)
65 years and over: 3.1% (male 2,046,309/female 2,266,456) (2008 est.)
Birth rate: 42.58 births/1,000 population (1997
est.), 40.16 births/1,000 population (2000 est.); 39.22 births/1,000
population (2002 est.); 39.98 births/1,000 population (2008 est.)
Death rate: 12.45 deaths/1,000 population (1997
est.), 13.72 deaths/1,000 population (2000 est.); 14.1 deaths/1,000
population (2002 est.); 16.41 deaths/1,000 population (2008 est.)
Net migration rate: 0.33 migrant(s)/1,000 population
(1997 est.), 0.28 migrant(s)/1,000 population (2000 est.); 0.27 migrant(s)/1,000
population (2002 est.); 0.25 migrant(s)/1,000 population (2008 est.)
Sex ratio:
at birth: 1.03 male(s)/female
under 15 years: 1.01 male(s)/female
15-64 years: 1.03 male(s)/female
65 years and over: 0.9 male(s)/female
total population: 1.02 male(s)/female (2008 est.)
Infant mortality
rate: 70.2 deaths/1,000 live births (1997 est.); 74.18 deaths/1,000
live births (2000 est.); 72.49 deaths/1,000 live births (2002 est.);
93.93 deaths/1,000 live births (2008 est.)
Life expectancy
at birth:
total population: 47.81 years
male: 47.15 years
female: 48.5 years (2008 est.)
Total fertility rate: 6.17 children born/woman
(1997 est.), 5.66 children born/woman (2000 est.); 5.49 children born/woman
(2002 est.); 5.41 children born/woman (2008 est.)
Ethnic groups: Nigeria, which is Africa's most
populous country, is composed of more than 250 ethnic groups; the following
are the most populous and politically influential: Hausa and Fulani
29%, Yoruba 21%, Igbo (Ibo) 18%, Ijaw 10%, Kanuri 4%, Ibibio 3.5%,
Tiv 2.5%
Religions: Muslim 50%, Christian 40%, indigenous
beliefs 10%
Languages: English (official), Hausa, Yoruba,
Ibo, Fulani
Literacy:
definition: age 15 and over can read and write
total population: 68%
male: 75.7%
female: 60.6% (2003 est.)
Country name:
conventional long form : Federal Republic of Nigeria
conventional short form: Nigeria
Government type: republic transitioning from
military to civilian rule
National capital: Abuja
note : on 12 December 1991 the capital was officially moved from Lagos
to Abuja; many government offices remain in Lagos pending completion
of facilities in Abuja
Administrative divisions: 36 states and 1 territory*;
Abia, Abuja Federal Capital Territory*, Adamawa, Akwa Ibom, Anambra,
Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti,
Enugu, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara,
Lagos, Nassarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto,
Taraba, Yobe, Zamfara
Independence: 1 October 1960 (from UK)
National holiday: Independence Day, 1 October
(1960)
Constitution: new constitution adopted May 1999
Legal system: based on English common law, Islamic
Shariah law (only in some northern states), and traditional law
Suffrage: 21 years of age; universal
Executive branch:
chief of state: President Olusegun OBASANJO (since 29 May 1999);
note - the president is both the chief of state and head of government
head of government: President Olusegun OBASANJO (since 29 May 1999);
note - the president is both the chief of state and head of government
cabinet: Federal Executive Council
elections:president is elected by popular vote for no more than two
four-year terms; election last held 27 February 1999 (next to be
held NA 2003)
election results:Olusegun OBASANJO (PDP) elected president; percent
of vote - Olusegun OBASANJO 62.8%, Olu FALAE (APP-AD) 37.2%
Legislative
branch: bicameral National Assembly consists of Senate (109
seats, three from each state and one from the Federal Capital Territory;
members elected by popular vote to serve four-year terms) and House
of Representatives (360 seats, members elected by popular vote
to serve four-year terms)
elections:Senate - last held 20-24 February 1999 (next to be held
NA 2003); House of Representatives - last held 20-24 February 1999
(next to be held NA 2003)
election results:Senate - percent of vote by party - PDP 58%, APP
23%, AD 19%; seats by party - PDP 65, APP 24, AD 20; House of Representatives
- percent of vote by party - PDP 58%, APP 30%, AD 12%; seats by
party - PDP 215, APP 75, AD 70
Judicial branch: Supreme Court (judges appointed
by the President); Federal Court of Appeal (judges are appointed by
the federal government on the advice of the Advisory Judicial Committee)
Political parties and leaders: All People's
Party or APP [leader NA]; Alliance for Democracy or AD [Alhaji Adamu
ABDULKADIR]; People's Democratic Party or PDP [Audu OGBEH]
Standard Bank Market Watch Report -Click
Here to view.
Economy - overview: Oil-rich Nigeria, long hobbled
by political instability, corruption, inadequate infrastructure,
and poor macroeconomic management, is undertaking some reforms under
a
new reform-minded administration. Nigeria's former military rulers
failed to diversify the economy away from its overdependence on the
capital-intensive oil sector, which provides 20% of GDP, 95% of foreign
exchange earnings, and about 80% of budgetary revenues. The largely
subsistence agricultural sector has failed to keep up with rapid
population growth - Nigeria is Africa's most populous country - and
the country,
once a large net exporter of food, now must import food. Following
the signing of an IMF stand-by agreement in August 2000, Nigeria
received a debt-restructuring deal from the Paris Club and a $1 billion
credit
from the IMF, both contingent on economic reforms. Nigeria pulled
out of its IMF program in April 2002, after failing to meet spending
and
exchange rate targets, making it ineligible for additional debt forgiveness
from the Paris Club. In the last year the government has begun showing
the political will to implement the market-oriented reforms urged
by the IMF, such as to modernize the banking system, to curb inflation
by blocking excessive wage demands, and to resolve regional disputes
over the distribution of earnings from the oil industry. In 2003,
the
government began deregulating fuel prices, announced the privatization
of the country's four oil refineries, and instituted the National
Economic Empowerment Development Strategy, a domestically designed
and run program
modeled on the IMF's Poverty Reduction and Growth Facility for fiscal
and monetary management. In November 2005, Abuja won Paris Club approval
for a debt - relief deal that eliminated $18 billion of debt in exchange for
$12 billion in payments - a total package worth $30 billion of Nigeria's
total $37 billion external debt. The deal requires Nigeria
to be subject to stringent IMF reviews. GDP rose strongly in 2007,
based largely on increased oil exports and high global crude prices.
Newly-elected President YAR'ADUA has pledged to continue the economic
reforms of his predecessor and the proposed budget for 2008 reflects
the administrations emphasis on infrastructure improvements. Infrastructure
is the main impediment to growth. The government is working toward
developing stronger public-private partnerships for electricity and
roads.
Exports:
total value: $11.6 billion (f.o.b., 1995), $13.1 billion (f.o.b.,
1999); $20.3 billion (f.o.b., 2001 est.); $61.81 billion f.o.b.
(2007 est.)
commodities:petroleum and petroleum products 95%, cocoa, rubber
partners: US 48.9%, Spain 8%, Brazil 7.3%, France 4.2% (2006)
Imports:
total value: $10 billion (c.i.f., 1999); $13.7 billion (f.o.b., 2001
est.); $30.35 billion f.o.b. (2007 est.)
commodities: machinery, chemicals, transport equipment, manufactured
goods, food and live animals
partners: China 10.7%, US 8.3%, Netherlands 6.2%, UK 5.8%, France
5.6%, Brazil 5.1%, Germany 4.6% (2006)
Telephones: 405,000 (1995); 500,000 (2000);
1.688 million (2006)
Telephones - mobile cellular: 10,000 (1999);
200,000 (2001); 32.322 million (2006)
Telephone
system: further expansion and modernization of the fixed-line
telephone network is needed
domestic: the addition of a second fixed-line provider in 2002 resulted
in faster growth of this service with fixed-line subscribership nearly
tripling over the past five years; wireless telephony has grown rapidly,
in part responding to the shortcomings of the fixed-line network;
multiple service providers operate nationally; combined fixed-line
and mobile-cellular teledensity reached 25 per 100 persons in 2006
international: country code - 234; landing point for the SAT-3/WASC
fiber-optic submarine cable that provides connectivity to Europe
and Asia; satellite earth stations - 3 Intelsat (2 Atlantic Ocean
and 1 Indian Ocean)
Radio broadcast stations: AM 82, FM 35, shortwave
11 (1998); AM 83, FM 36, shortwave 11 (2001)
Radios: 23.5 million (1997)
Television broadcast stations: 3 (the government
controls 2 broadcasting stations and 15 repeater stations) (2002)
Televisions: 3.8 million (1992 est.), 6.9 million
(1997)
Internet
Service Providers (ISPs): 5 (1999); 11 (2000)