Key Facts

GDP (ppp) per CAPITA

$2,300 (2008 est.)

Inflation Rate

11.6% (2008 est.)

Population

149,229,090

Country Risk Ratings

D

Ease of Doing Business

118/181

Global Competitiveness

3.81/134

Country Map

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gE Network

There are 152 members in the
gE Network for this country.

Nigeria : Introduction

British influence and control over what would become Nigeria and Africa's most populous country grew through the 19th century. A series of constitutions after World War II granted Nigeria greater autonomy; independence came in 1960. Following nearly 16 years of military rule, a new constitution was adopted in 1999, and a peaceful transition to civilian government was completed. The government continues to face the daunting task of reforming a petroleum-based economy, whose revenues have been squandered through corruption and mismanagement, and institutionalizing democracy. In addition, Nigeria continues to experience longstanding ethnic and religious tensions. Although both the 2003 and 2007 presidential elections were marred by significant irregularities and violence, Nigeria is currently experiencing its longest period of civilian rule since independence. The general elections of April 2007 marked the first civilian-to-civilian transfer of power in the country's history.

Nigeria: Central Bank of Nigeria

Its vision is "to be one of the most efficient and effective world's central banks in promoting and sustaining economic development." The site is very rich in resources. "Site Map" is very useful in locating the information and navigating the site. In addition to the common information --such as financial and economic information, statistics, periodic reports, legislation documents-- the site also publishes economic and financial reviews by academicians as well as provides links to international financial organizations, government agencies and financial institutions in Nigeria.

Sources:
CIA World Factbook (September 2009)
U.S. Dept. of State Country Background Notes (September 2009)