OFID Member Countries
Official country name: Federal Republic of Nigeria
National capital: Abuja
Location: West African coastal state on the shores of the Gulf of Guinea, with Benin to the west, Niger to the north, Chad to the north-east, and Cameroon to the east and south-east.
Area: 924,000 km2
| Natural Resources: | petroleum, natural gas, tin, columbite, iron ore, limestone, lead, zinc, coal |
| Structure of output (value added, % of GDP): | agriculture 29.5%, industry 46%, services 24.5% (2000) |
| Population: | 129.9 million (2001) |
| Urban population: | 44.9% |
| Life expectancy at birth, total (years, 2000): | 46.8 |
| Population growth rate: | 2.3% (2001) |
| Principal exports: | petroleum and petroleum products |
| Exports of goods and services: | US$20.32 billion (2000) |
| Principal imports: | machinery and transport equipment, chemicals, manufactured goods and foodstuffs |
| Imports of goods and services: | US$10.66 billion (2000) |
| GDP: | US$41.9 billion (2001) |
| Average Annual growth: | 2.8% (2001) |
| GDP: | US$319 (2001) |
| Inflation (annual %): | 18.9% (2001) |
| Total external debt: | US$28.6 billion (1999) |
| Total debt service: | US$0.92 billion (1999) |
| Debt service (% of exports of goods and services, 2000): | 4.3% |
| National currency: | Nigerian naira (N) |
| Average Exchange Rate: | N 111 = US$1 (2001) |
| OPEC Fund Ministerial Council Member: | H.E. Dr. Shamsuddeen Usman, Minister of Finance, Federal Ministry of Finance |
| OPEC Fund Governing Board Representative: | Ms. Ama I. Pepple, Permanent Secretary, Federal Ministry of Finance |
| OPEC Fund Governing Board Alternate: | Mr. Muniru Abiodun Alao, Director, Federal Ministry of Finance |