At more than 160 million people, the population of Nigeria is the largest in Africa and accounts for 47 percent of West Africa’s total population (World Bank 2012). Nigeria is also the biggest oil exporter in Africa, with the continent’s largest natural gas reserves. Nigeria’s oil wealth has helped it maintain relatively steady economic growth despite recent global financial downturns. The country’s GDP grew from 6 percent in 2008 to 8.4 percent in 2010 (World Bank 2012). Unemployment remains a significant problem, however, with an estimated 50 million youth unemployed.
General Information
- 158,423243,985,812,280 $1,280 $8,841,952,784 $%2.34 %420.30%
Food Security
- 2,7116.00 %%143.00
Agricultural Production
| Agricultural Production | 2007 | 2008 | 2009 | 2010 |
|---|---|---|---|---|
| 3,186,000 MT | 4,179,000 MT | 3,546,250 MT | 4,472,520 MT | |
| 44,000 MT | 53,000 MT | 36,813 MT | 34,200 MT | |
| 6,724,000 MT | 7,525,000 MT | 7,358,260 MT | 7,676,850 MT | |
| 580,000 MT | 591,000 MT | 610,000 MT | 285,050 MT |
Agricultural Exports
| Agricultural Exports | 2006 | 2007 | 2008 | 2009 |
|---|---|---|---|---|
| 2,497 MT | 251.00 MT | 46.00 MT | 1.00 MT | |
| 15.00 MT | 82.00 MT | 12.00 MT | 12.00 MT | |
| 3,666 MT | 10,416 MT | 1,023 MT | MT | |
| 11,500 MT | 15,300 MT | 15,000 MT | 14,400 MT |
Agricultural Imports
| Agricultural Imports | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|
| 1,187,786 MT | 975,907 MT | 1,216,962 MT | 971,815 MT | |
| 3,714,680 MT | 3,244,000 MT | 7,795,100 MT | 1,132,180 MT | |
| 17,668 MT | 9,612 MT | 687.00 MT | 49.00 MT | |
| 23,124 MT | 23,124 MT | 23,124 MT | 83.00 MT |