Names: conventional long form: Federal Republic of Nigeria conventional short form: Nigeria

Capital City: Abuja

Population: 131,859,731 note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality and death rates, lower population and growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2006 est.)

GDP Per Capita: $1,400 (2006 est.)

Currency: naira (NGN)

Languages: English (official), Hausa, Yoruba, Igbo (Ibo), Fulani

Total Area: total: 923,768 sq km land: 910,768 sq km water: 13,000 sq km slightly more than twice the size of California

Region: Africa

Industries: crude oil, coal, tin, columbite; palm oil, peanuts, cotton, rubber, wood; hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel, small commercial ship construction and repair

Agriculture: cocoa, peanuts, palm oil, corn, rice, sorghum, millet, cassava (tapioca), yams, rubber; cattle, sheep, goats, pigs; timber; fish

Resources: natural gas, petroleum, tin, iron ore, coal, limestone, niobium, lead, zinc, arable land

Labor Force: 48.99 million (2006 est.)
agriculture: 70% industry: 10% services: 20% (1999 est.)

Exports: $59.01 billion f.o.b. (2006 est.)
petroleum and petroleum products 95%, cocoa, rubber

Imports: $25.1 billion f.o.b. (2006 est.)
machinery, chemicals, transport equipment, manufactured goods, food and live animals

Overview: Oil-rich Nigeria, long hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management, is undertaking some reforms under a new reform-minded administration. Nigeria's former military rulers failed to diversify the economy away from its overdependence on the capital-intensive oil sector, which provides 20% of GDP, 95% of foreign exchange earnings, and about 65% of budgetary revenues. The largely subsistence agricultural sector has failed to keep up with rapid population growth - Nigeria is Africa's most populous country - and the country, once a large net exporter of food, now must import food. Following the signing of an IMF stand-by agreement in August 2000, Nigeria received a debt-restructuring deal from the Paris Club and a $1 billion credit from the IMF, both contingent on economic reforms. Nigeria pulled out of its IMF program in April 2002, after failing to meet spending and exchange rate targets, making it ineligible for additional debt forgiveness from the Paris Club. In the last year the government has begun showing the political will to implement the market-oriented reforms urged by the IMF, such as to modernize the banking system, to curb inflation by blocking excessive wage demands, and to resolve regional disputes over the distribution of earnings from the oil industry. In 2003, the government began deregulating fuel prices, announced the privatization of the country's four oil refineries, and instituted the National Economic Empowerment Development Strategy, a domestically designed and run program modeled on the IMF's Poverty Reduction and Growth Facility for fiscal and monetary management. In November 2005, Abuja won Paris Club approval for a debt-relief deal that eliminated $18 billion of debt in exchange for $12 billion in payments-a total package worth $30 billion of Nigeria's total $37 billion external debt. The deal requires Nigeria to be subject to stringent IMF reviews. GDP rose strongly in 2006, based largely on increased oil exports and high global crude prices.

_{CIA World Book}

In 2007 Missouri exported $2,689,689 in goods to Nigeria. This ranks Nigeria 81^st among the 223 international buyers of Missouri goods. Missouri exports to Nigeria increased from the previous year by $791,155 a change of 41.67%. State exports to Nigeria have increased over the last 5 years by $2,343,227 a change of 676.33%. Missouri exports account for .02%. of all 2007 US exports to Nigeria.