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 |
| National currency: | Nigerian naira (N) |
| Principal exports: | Petroleum and petroleum products, cocoa, rubber |
| Principal imports: | Machinery, chemicals, transport equipment, manufactured goods, foodstuffs |
| Year: | 2009 |
| Population: | 151.55 million (2008) |
| Average annual population growth rate (2008-15): | 2.4% |
| Adult literacy rate: | 72% (2007) |
| Life expectancy at birth (total years, 2007): | 47.7 |
| GDP growth (annual %): | 3.4% (2009) |
| GDP current: | US$214.40 billion (2008) |
| GDP per capita: | US$1,415 (2008) |
| Structure of Output (in % total GDP) 2008 |
|
| Agriculture, value added (% of GDP): |
33% |
| Industry, value added (% of GDP): |
41% |
| Manufacturing: | 3% |
| Services, value added (% of GDP): |
27% |
| Exports of goods & services: | US$51.14 billion (2009) |
| Imports of goods & services (annual % growth): | 45.34% (2009) |
| Current Account Balance (% of GDP): |
6.9% (2009) |
| Inflation (annual %): | 12.4% |
| Exchange rate: naira per US$ 2009: | 148.902 |
| OFID Ministerial Council Member: | HE Ngozi Okonjo-Iweala, Coordinating Minister of the Economy and Minister of Finance, Federal Ministry of Finance |
| OFID Governing Board Representative: | HE Danladi Kifasi, Permanent Secretary, Federal Ministry of Finance |
| OFID Governing Board Alternate: | Mr. Muniru Abiodun Alao, Director Int'l Economic Relation Dept., Federal Ministry of Finance |