focus africa
Focus : Africa
Helping Indian companies do business with Africa
INDIA
INDIA
Africa
AFRICA
INDIA : India’s Trade with the African Region notched US$ 38.96 Billion in the year 2009-10 (DGCI&S provisional figures) constituting 8.37% share in India’s total trade. Trade with the region has grown at a CAGR of 18.10% from US$ 4.48 Billion in 1996-97.
AFRICA : 54 Countries, 1 billion people, US$ 1.01 Billion of trade. Imports worth US$ 468 billion include Mineral Fuels, Oils, Machinery, Vehicles including Boats, Ships, Aircrafts, Electronics & Electricals, Iron & Steel & Articles thereof, Cereals, Plastics, Pharmaceuticals, etc.

Top 20 product groups imported by select African countries ............. [More].
Nigeria
Nigeria
Country's Overview
 
 
 
 

 
geography

GEOGRAPHY

Nigeria is located in West Africa. Area 923.76 thousand sq km and Coastline of 853 Km.Abuja is the capital city while other prominent cities are Lagos, Ibadan, Kano, Pot Harcourt, Zaria,Maiduguri, Jos, Oyo, Aba.

Climate:equatorial in south, tropical in center, arid in north.

Political Structure:Nigeria has a Presidential Federal Republic.

Elections last held in 2007 and next to are held in 2011.The People’s Democratic Party has been in power since 1999.

Source: Wikipedia

 
   
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POPULATION

 

149.2 Mn (July 2009)

Ethnic group:Nigeria is Africa's most populous country, is composed of more than 250 ethnic groups,  the most populous and politically influential groups are - Hausa and Fulani 29%, Yoruba 21%, Igbo (Ibo) 18%, Ijaw 10%, Kanuri 4%, Ibibio 3.5%, Tiv 2.5%.

Religion: Muslim 50%, Christian 40%, indigenous beliefs 10%.

Language: English (official), Hausa, Yoruba, Igbo (Ibo), Fulani.

Source : Wikipedia, CIA

 
   
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GDP (PPP)

$ 340.2 Billion (est. 2008)

Real growth rate is 6.1%.The CAGR of GDP for 3 years (2006 - 2008) is 6.24%.The GDP growth rates for the year 2006 and 2007 were 6.2% and 6.4% respectively.

Source: CIA, Wikipedia

 

 
   
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TRADE(EXPORT & IMPORT)

 

All values in USD Billion
Nigeria
Year 2006
Year 2007
Year 2008
Growth 2006-07
Growth 2007 -08
CAGR over 3yrs
Imports
22.9
32.36
28.194
41.3
-12.87
10.96
Exports
59.22
53.96
81.82
-8.88
51.63
17.54
Total Trade
82.12
86.317
110.014
5.11
27.45
15.74
Total Trade as a % of GDP
27.42
26.72
32.34
-2.57
21.05
8.53

 

Source: UN Database

 

Major ports : the Lagos Port Complex  and Tin Can Island Port in Lagos, Calabar Port, Delta Port, Rivers Port  at Port Harcourt, and Onne Port
   
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SECTOR BREAKUP

 

Agriculture is 33.1%, Industry is 33.8% and Services is 33.1%.
   
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ECONOMY SNAPSHOTS

 

Nigeria is a low-income country, presently the country is a member of the Organization of Petroleum Exporting Countries (OPEC) and a new entity, the Niger Delta Development Commission (NDDC), has been created to help catalyze economic and social development in the country.

Revenue USD 29.49 Billion Expenditure USD 30.61 Billion

Public Debt as a % of GDP is

12.2% Inflation

10.6%

Investment as a part of GDP is

21.4% For-ex and gold Reserves USD 72.04 Billion

Source: World bank report ,CIA