PESA
Federal Republic of Nigeria

Federal Republic of Nigeria

Political Economy Summary

Capital Abuja
Independence 1 October 1960
Head of State & Govt H.E. Bola Ahmed Adekunle Tinubu
Minister of Foreign Affairs Yusuf Maitama Tuggar
Minister of Finance Adebayo Olawale Edun
Central Bank Governor Olayemi Michael Cardoso
Next National Elections Date 2027
Government Website http://services.gov.ng/
Parliament Website http://www.statehouse.gov.ng/

Click on a thumbnail below to read the relevant PESA Editorial regarding Nigeria.

PESA Editorial on Nigeria: 1H2023/24
Nigeria’s economy has had a mixed recovery from the global shocks caused by the COVID-19 pandemic in 2020 and the Russia-Ukraine conflict in 2022. The ...
PESA Editorial on Nigeria: 2H2022/23
Nigeria’s exports have continued recovering from the shock caused by the COVID-19 pandemic. Total merchandise exports continued recovering to USD 47.2 billion in 2021. Nigeria ...
PESA Editorial on Nigeria: 1H2022/23
Accurate and balanced analysis of the political economy in Nigeria ...
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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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.

Review of Economic Outlook for 2023: Ghana, Kenya and Nigeria
Interview discussion reviewing the African economic outlook for 2023 where Africa is set to outperform the rest of the world in economic growth. Over the ...
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 ...
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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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