Federal Republic of Nigeria

Federal Republic of Nigeria

Political Economy Summary

Capital Abuja
Independence 1 October 1960
Head of State & Govt H.E. Muhammadu Buhari
Minister of Foreign Affairs Geoffrey Jideofor Kwusike Onyeama
Minister of Finance Zainab Shamsuna Ahmed
Central Bank Govenor Godwin Emefiele
Next National Elections Date 2023
Government Website
Parliament Website


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Balance of Payments and International FDI Position in Nigeria: FY2019/20
Nigerian merchandise export earnings have been recovering from the period of low commodity prices from 2014 to 2016. The faster growth in export earnings has ...
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Trade and Regional Integration in Nigeria: FY2019/20
Nigerian exports have grown consistently during the period from 2015 to 2018. This has led to a short-term improvement e in gross official reserves. The ...
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GDP Growth and Public Finance in Nigeria: FY2019/20
The Nigerian economy is dependent on oil because they constituted 80.3% of total export earnings in 2018 (2015-2016: 78.4%), which makes the economy susceptible to ...
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Nigeria Land Reform and Rural Transformation Overview
When the North of Nigeria was colonized by the British government, it passed the Proclamation of 1900 and annexed all the land in the region ...
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Click on a thumbnail below to read the relevant PESA Regional Integration Monitor relating to Nigeria.

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Click on a thumbnail below to view the latest PESA public engagements on issues relating to Nigeria.

Political Economy Review: Angola and Nigeria Post-COVID
Interview analysing the impact of the COVID-19 pandemic and the collapse in oil price for Angola and Nigeria. The discussion evaluates the impact on growth ...
Unpacking the Recent Drop in Oil Prices
Interview about the recent record drop in oil prices, particularly, Western Texas Intermediate which decrease below zero for the first time and how it affects ...
International Implications of the US Trade War on China
Interview about the international implications of the US trade war with China and the impact on international law and trade. The discussion reviews the impact ...
Political Economy Review: South Africa-Nigeria Relations
Interview about the political economy and diplomatic relations between South Africa and Nigeria ahead of President Ramaphosa's visit to Nigeria. The interview discusses the current ...


Nigeria Geographic Location
Geographic Location

Nigeria is a country in West Africa in the Tropics, where the climate is seasonally damp and very humid. Nigeria shares land borders with Benin to the west, Chad and Cameroon to the east, and Niger to the north. Its coast lies on the Gulf of Guinea in the south and it borders Lake Chad to the northeast.

Nigerian Cities
Nigerian Cities
Nigerian Coat Arms
Coat of Arms

The Nigerian coat of arms has a black shield with white lines that form a “Y” shape. The black shield represents Nigeria’s fertile soil. The shield is supported by two horses on each side representing dignity. Above the shield there are green and white bands which represent the rich soil. The eagle above the green and white bands represents strength.

The red flowers at the base are Nigeria’s national flower, costus spectabilis. This flower was chosen for inclusion on the coat of arms as it is found all over Nigeria and also stands for the beauty of the nation. The Nigerian national motto: Unity and Faith, Peace and Progress is written on the ribbon at the base of the coat of arms.

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