Nigeria

Nigeria

Nigeria facts and figures

Nigeria's Independence Day
Nigeria's Independence Day

01 October

The most populous country within OPEC, Nigeria has around 218 million inhabitants. Located on the Gulf of Guinea on Africa’s western coast, Nigeria covers an area of around 924 thousand square kilometres. Abuja, the capital since 1991, has a population of more than one million. English is Nigeria’s official language, although many local languages such as Hausa, Yoruba, Igbo and Ijaw are also spoken.

Apart from petroleum, Nigeria’s other natural resources include natural gas, tin, iron ore, coal, limestone, niobium, lead, zinc and arable land. Its currency is the naira.

Nigeria’s Head of State and Commander-in-Chief of the Armed Forces is HE Muhammadu Buhari. The country joined OPEC in 1971.

Did you know?

  • Conservationists say that Nigeria’s unique rainforest region is amongst the richest in Africa. The country is also home to numerous important game reserves, such as the Yankari and Kainji national parks.
  • Oil was first discovered in Oloibiri, in Nigeria’s Bayelsa State, in 1956.
     

Below data covers 2021

Population (million inhabitants) 218.40
Land area (1,000 sq km) 924
GDP per capita ($) 1,998
GDP at market prices (million $) 436,450
Value of exports (million $) 46,868
Value of petroleum exports (million $) 41,378
Current account balance (million $) 3,638
Proven crude oil reserves (million barrels) 37,050
Proven natural gas reserves (billion cu. m.) 5,848
Crude oil production (1,000 b/d) 1,323
Marketed production of natural gas (million cu. m.) 48,572
Refinery capacity (1,000 b/cd) 486
Output of petroleum products (1,000 b/d) 5
Oil demand (1,000 b/d) 495
Crude oil exports (1,000 b/d) 1,592
Exports of petroleum products (1,000 b/d) 11
Natural gas exports (million cu. m.) 38,464

  • b/d (barrels per day)
  • cu. m. (cubic metres)
  • b/cd (barrels per calendar day)

Source: Annual Statistical Bulletin 2022

  • HE Timipre Sylva

    HE Timipre Sylva

    Minister of State for Petroleum Resources
    Head of Delegation

    Download CV
  • Dr. Adedapo Odulaja

    Dr. Adedapo Odulaja

    Governor for OPEC

  • Mr. Mele Kyari

    Mr. Mele Kyari

    National Representative