Nigeria
Nigeria facts and figures
Nigeria's Independence Day
01 October
The most populous country within OPEC, Nigeria has around 222 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.
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 2023
| Population (million inhabitants) | 222.18 |
|---|---|
| Land area (1,000 sq km) | 924 |
| GDP per capita ($) | 2,251 |
| Nominal GDP at market prices (million $) | 500,149 |
| Value of exports (million $) | 82,857 |
| Value of petroleum exports (million $) | 46,298 |
| Current account balance (million $) | -806 |
| Proven crude oil reserves (million barrels) | 37,500 |
| Proven natural gas reserves (billion cu. m.) | 5,943 |
| Crude oil production (1,000 b/d) | 1,187 |
| Marketed production of natural gas (million cu. m.) | 42,403 |
| Refinery capacity (1,000 b/cd) | 1,122 |
| Output of petroleum products (1,000 b/d) | 17 |
| Oil demand (1,000 b/d) | 484 |
| Crude oil exports (1,000 b/d) | 1,476 |
| Exports of petroleum products (1,000 b/d) | 3 |
| Natural gas exports (million cu. m.) | 29,650 |
- b/d (barrels per day)
- cu. m. (cubic metres)
- b/cd (barrels per calendar day)
Source: Annual Statistical Bulletin 2024
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HE Sen. Heineken Lokpobiri
Minister of State - Petroleum Resources (Oil)
Head of Delegation -
Ambassador Gabriel Tanimu Aduda
Governor for OPEC
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Mr. Mele Kyari
National Representative