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Nigeria is not on track to meet its Millennium Development Goals because of a lack of policy coordination between the federal, state, and local governments, a lack of funding commitments at the state and local levels; and a lack of available staff to implement and monitor projects on health, poverty, and education.
Nigeria is not on track to meet its Millennium Development Goals because of a lack of policy coordination between the federal, state, and local governments, a lack of funding commitments at the state and local levels; and a lack of available staff to implement and monitor projects on health, poverty, and education.
*GDP (2005 est.): $99.0 billion.
*GDP (2016 est.): $405.1 billion.
*Estimated real growth rate (2005 est.): 6.9%.
*Estimated real growth rate (2014 est.): 6.3%.
*Per capita GDP (2005 est.): $694.
*Per capita GDP (2016 est.): $5900.
*Inflation (2006): 8%.
*Inflation (2016): 15.3%.
*Natural resources: Petroleum, natural gas, tin, columbite, iron ore, coal, limestone, lead, zinc.
*Natural resources: Petroleum, natural gas, tin, columbite, iron ore, coal, limestone, lead, zinc.
*Agriculture: Products—cocoa, palm oil, yams, cassava, sorghum, millet, corn, rice, livestock, groundnuts, cotton.
*Agriculture: Products—cocoa, palm oil, yams, cassava, sorghum, millet, corn, rice, livestock, groundnuts, cotton.
*Industry: Types—textiles, cement, food products, footwear, metal products, lumber, beer, detergents, car assembly.
*Industry: Types—textiles, cement, food products, footwear, metal products, lumber, beer, detergents, car assembly.
*Trade (2005): Exports--$59 billion: petroleum (95%); cocoa; rubber. Partners—United States (52.5%); Spain (8.2%); Brazil (6.1%). Imports--$25 billion: machinery; chemicals; transport equipment; manufactured goods; food; live animals. Partners—China (10%); United States (7.3%); United Kingdom (6.7%).
*Trade (2005): Exports--$59 billion: petroleum (95%); cocoa; rubber. Partners—United States (52.5%); Spain (8.2%); Brazil (6.1%). Imports--$25 billion: machinery; chemicals; transport equipment; manufactured goods; food; live animals. Partners—China (10%); United States (7.3%); United Kingdom (6.7%).
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