nearly 16 years of military rule, a new constitution was adopted in
1999, and a peaceful transition to civilian government was completed.
The president faces the daunting task of rebuilding a petroleum-based
economy, whose revenues have been squandered through corruption and
mismanagement, and institutionalizing democracy. In addition, the
OBASANJO administration must defuse longstanding ethnic and religious
tensions, if it is to build a sound foundation for economic growth and
oil-rich Nigerian economy, long hobbled by political instability,
corruption, and poor macroeconomic management, is undergoing
substantial economic reform under the new civilian administration.
Nigeria's former military rulers failed to diversify the economy away
from 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, and Nigeria, 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. The agreement was
allowed to expire by the IMF in November 2001, however, and Nigeria
appears unlikely to receive substantial multilateral assistance in
2002. Nonetheless, increases in foreign oil investment and oil
production should push growth over 4% in 2002.
Holidays Jan 1 - New Year's Day
Jan 21* - Eid al-Kabir (Feast of the Sacrifice)
Mar 25-28~ - Easter
Apr 21* - Mouloud (Birth of the Prophet)
May 1 - Workers' Day
Oct 1 - National Day
Nov 14-16* - Eid al-Fitr (End of Ramadan)
Dec 25 - Christmas Day
Dec 26 - Boxing Day
Muslim festivals(*) are timed according to local sightings of various
phases of the moon and the dates given above are approximations.
Besides, the Festival's date(~) is also subject to change in every new
Country Code: 234
Outgoing International Code: 009
CIA - The World Factbook - Federal Republic of Nigeria
website indicates a wide range of detail information about Nigeria by
introducing under 8 different fields as its geography,people,
government, economy, communications, transportation, military,
is available to find out Nigeria's general outlook on the issues of its
social and business profile, passport/visa, money, accommodation,
government, duty free, health and so forth.
African Business Information Service (AfBIS): Nigeria
main objectives of Africa Business Information Services (AfBIS) are to
provide online information on African economies by aiming to assist
companies and individuals & to promote trade and investment in
Business Services & Providers in Nigeria
creates the directory of service and business providers in Nigeria
which makes available to research business opportunities on a daily
basis in Nigeria.
This website dedicates to work on getting business contact in Nigeria for investors.
serves as business oriented directory providing an ultimate African
Business Source for the potential investors seeking new business
opportunities in Nigeria including the list of industries for Nigeria.
Embassy of Federal Republic of Nigeria, Washington--Methods of Conducting Business in Nigeria
This webpage supplies legal framework for business activities in Nigeria in order to support investors' initiatives in Nigeria.
Lex Africa: Business Guide: Nigeria
African Law Firm Network examines Nigeria in order to get comprehensive
business outlook for the potential investors seeking business
opportunities in Nigeria.
US Commercial Service in Nigeria
commercial service offers business service for Nigerian companies by
listing significant websites related to trade and business in Nigeria.
U.S. Department of State: Country Commercial Guide: Nigeria
country commercial reports are prepared annually by U.S. Embassies with
the assistance of several U.S. Government agencies that basically
offers a comprehensive outlook at Nigerian commercial environments,
using economic, political, and market analysis.
World Trade Organization(WTO) : Nigeria
Trade Organization(WTO) supplies the trade policy reviews of federal
republic of Nigeria in order to display & evaluate the recent
economic and business developments realized after introducing the
economic improvement packages by WTO.
U.S. Department of State - Bureau of Consular Affairs - For Federal Republic of Nigeria
Bureau of Consular Affairs creates a wide range of research named as
Consular Information Sheet about Nigeria in terms of analyzing its
social, political, cultural & economic environments.
Selection of Websites - For Nigeria
Services creates a list of useful institutions, organizations, agencies
and so forth related to export & business in Nigeria by providing
contact information of the institutions, as well.
Embassy Listings For Nigeria
There are listed the embassies of the federal republic of Nigeria including the embassies' contact information.