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Figures are inflation-adjusted to 2011 International Geary-Khamis dollars. The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [29] [30] It is ranked as the 39th-largest economy in the world in terms of ...
Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is a federal republic comprising 36 states and the Federal Capital Territory, where the capital, Abuja, is located. The largest city in Nigeria is Lagos, one of the largest metropolitan areas in the world and the largest in Africa.
The following table presents a listing of Nigeria's 36 states ranked in order of their estimated total GDP in 2021 according to a 2022 report by BudgIT. [1] Rank
217,313 km 2 (83,905 sq mi) Location of Nigeria. Satellite image of Nigeria. Nigeria is a country in West Africa. It shares land borders with the Republic of Benin to the west, Chad and Cameroon to the east, and Niger to the north. [1] Its coast lies on the Gulf of Guinea in the south and it borders Lake Chad to the northeast.
The economic history of Nigeria falls into three periods. They are the: pre-colonial, the colonial and the post-colonial or independence periods. [1] The pre-colonial period covers the longest the part of Nigerian history. The colonial period covers a period of 60 years, 1900-1960 while the independence period dates from October 1, 1960.
The city of Lagos is a major economic focal point in Nigeria, generating around 10% of the country's GDP. Most commercial and financial business is carried out in the central business district situated on the island. This is also where most of the country's commercial banks, financial institutions, and major corporations are headquartered.
Economy of Niger. All values, unless otherwise stated, are in US dollars. The gross domestic product (GDP) of Niger was $16.617 billion US dollars in 2023, according to official data from the World Bank. This data is based largely on internal markets, subsistence agriculture, and the export of raw commodities: foodstuffs to neighbors and raw ...
Geopolitical zones of Nigeria. The Federal Republic of Nigeria is divided into six geopolitical zones, commonly just called zones. They are a type of administrative division grouping the country's states, created during the regime of president General Sani Abacha. Nigerian economic, political, and educational resources are often shared across ...