Major Economic Data
Religious:
Muslim 50%, Christian 40%, Indigenous 10%.
Language:
English (official), Hausa, Yoruba, Ibo
Literacy:
Age 15 and over can read and write (1995 est.)
Population:
Total population: 57.1%,
Male: 67.3%,
Female: 47.3%.
Transportation:
Railroads:
Total: 3,567kn
Narrow gauge: 3,505km 1.067-m gauge
Highways:
Total: 107,990km
Paved mostly bituminous-surface treatment 30,411km
Unpaved: gravel, crushed stone, improved earth 25,411km
Unimproved earth 52,560km.
Inland Waterways:
8,575 km consisting of Niger and benue rivers and smaller rivers and creeks
Pipelines:
Crude oil 2,042 km;petroleum products 3,000km ;natural gas 500 km Economy
National Product:
GDP purchasing power parity $122.6 billion (1994 est.)
National product real Growth rate:-0.8%(1994 est.)
National product per capita: $1,250 (1994 est.)
Inflation rate:
(Consumer prices): 29.3%(1996 est.)
Unemployment rate:
3.8%(1996 est.)
Underemployment rate
18.2 (1996 est.)
Budget:
Revenue:$9billion
Expenditures: $10.8 billion including capital expenditure of $NA(1992 est.)
Exports:
$11.9 billion (f.o.b., 1992)
Commodities; oil 95%, cocoa, rubber
Partners: US 54%, EC 23%
Imports:
$8.3 billion (c.i.f., 1992) commodities, machinery and equipment, manufactured goods, food and animals Partners: EC 64%, US 10% Japan 7%.
External debt:
$28.06 billion (1996 est.)
Industrial Production
Growth rate 7.7% (1991); accounts for 43% GDP, including petroleum
Electricity:
Capacity: 4,570,000kw
Production: 11.3 billion kWh
Consumption per capita: 109 kwh (1993)
Industries:
Crude oil and mining - coal, tin, columbite; primary processing industries- palm oil, peanut, cutton, rubber, wood, hides and skins;
Manufacturing Industries:
-Textiles, cement, building materials, food products, footwear, chemical, printing.ceramics, steel.
Agriculture:
Accounts for 35% of GDP and half of labour force; cash crops-cocoa, peanuts, palmoil, rubber; food crops-corn, rice, surghum, millet, cassava, yams; livestock-cattle, sheep, goats, pigs; fishing and forestry resources extensively exploited;
See also Foods and Foodstuff in Nigeria
Economic aid: recipient
Us commitments, including Ex-Im (Fy70-89), $705 million; Western (non –US) countries, ODA and OOF lateral commitments (1970-89),$3 million ;communist countries (1970-89),$2.2 billion
Currency
1 Naira (N) =100 kobo
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