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PerspectivesEssays & Columns
- - Multilaterals
    
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PeopleHeroes & Leaders
- - Heroes
    
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    ESG Leadership Trends, from ‘Woke Capitalism’ to ‘Quiet Sustainability’
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    The Dawn of Everything: A New History of Humanity – A Non-Linear Anarchist Reading of World History
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06 Apr, 2020

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Nigeria

We offer a data-driven country report for Nigeria that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Nigeria.

Its population in 2018 was 195,875,237 [1]

In 2015, 86.64% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 3.65% [2]

In 2021 it had a negative Current
Account Balance of US$bn 3.71 [3]

Its unemployment rate in 2021 was 0.00% [3]

What free trade areas or economic unions is it a member of?

Member of the African Continental Free Trade Area (AfCFTA) since 07/07/2019

Other members:

Benin, Burkina Faso, Cameroon, Chad, Congo, Côte d'Ivoire, Djibouti, Egypt, Equatorial Guinea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Kenya, Mali, Mauritania, Namibia, Niger, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, Togo, Uganda, Western Sahara, Zimbabwe

What trade deals are there between African Continental Free Trade Area and other countries and economic unions?

None

Member of the Economic Community of West African States (ECOWAS) since 28/05/1975

Other members:

Benin, Burkina Faso, Cabo Verde, Côte d'Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Senegal, Sierra Leone, Togo

What trade deals are there between Economic Community of West African States and other countries and economic unions?

None

What trade deals are there with other countries and economic unions?

None

Powergas: Fulfilling an African Energy Need with Safety, Drive and Efficiency

Powergas is the largest Producer & Distributor of compressed natural gas (CNG) in the off-pipeline Gas

Aquashield: Securing Nigeria’s Offshore Oil and Gas Assets

Aquashield Oil & Marine Services limited (AQS) is a Nigerian-owned company incorporated in 2009 to carry

An Inspiring Trajectory

Amina J Mohammed has been called one of the world’s greatest leaders (Fortune magazine), Diplomat of

With Jalo-Waziri at the Helm: Africa’s Leading Securities Depository Embarks on Three-Year Plan

Haruna Jalo-Waziri, Managing Director and Chief Executive Officer of the Central Securities Clearing System Plc (CSCS

PwC: Nigerian Report on Ease of Doing Business

In 2016, the Nigerian economy was in a recession recording negative growth of 1.5%. This was

UNCTAD: Africa Rising

Africa needs investment to advance sustainable development and see the continent prosper. James Zhan, Astrit Sulstarova

CFI.co Meets the Founding CEO & MD of The Access Bank UK: Jamie Simmonds

Jamie Simmonds is the founding CEO and Managing Director of The Access Bank UK. He is

PwC: Nigeria – Prosperity Beyond Oil

PwC recently published a report in conjunction with the Lagos State Chamber of Commerce and Industry

FrieslandCampina WAMCO: Every Nigerian Deserves Healthy Nutrition

With more than 150 years of experience in dairy leadership, FrieslandCampina has a strong footprint in

PwC: Oil & Gas in Africa – Planning a Response to the Price Drop

Overall, activity in the oil and gas industry across the African continent has slowed in the

Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.