MIR, UNAVEM II, UNCTAD, UNESCO, UNHCR, UNIDO,
UNIKOM, UNPROFOR, UNU, UPU, WCL, WFTU, WHO, WMO, WTO

Diplomatic representation in US:
chief of mission: Ambassador Zubair Mahmud KAZAURE
chancery: 1333 16th Street NW, Washington, DC 20036
telephone: [1] (202) 986-8400
consulate(s) general: New York

US diplomatic representation:
chief of mission: Ambassador Walter C. CARRINGTON
embassy: 2 Eleke Crescent, Lagos
mailing address: P. O. Box 554, Lagos
telephone: [234] (1) 261-0097
FAX: [234] (1) 261-0257
branch office: Abuja
consulate(s) general: Kaduna

Flag: three equal vertical bands of green (hoist side), white, and
green

@Nigeria:Economy

Overview: The oil-rich Nigerian economy continues to be hobbled by
political instability and poor macroeconomic management. Nigeria's
unpopular military rulers show no sign of wanting to restore
democratic civilian rule in the near future and appear divided on how
to redress fundamental economic imbalances that cause troublesome
inflation and the steady depreciation of the naira. The government's
domestic and international arrears continue to limit economic growth -
even in the oil sector - and prevent an agreement with the IMF and
bilateral creditors on debt relief. The inefficient (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.

National product: GDP - purchasing power parity - $122.6 billion (1994
est.)

National product real growth rate: -0.8% (1994 est.)

National product per capita: $1,250 (1994 est.)

Inflation rate (consumer prices): 53% (1993 est.)

Unemployment rate: 28% (1992 est.)

Budget:
revenues: $9 billion
expenditures: $10.8 billion, including capital expenditures of $NA
(1992 est.)

Exports: $11.9 billion (f.o.b., 1992)
commodities: oil 95%, cocoa, rubber
partners: US 54%, EC 23%

Imports: $8.3 billion (c.i.f., 1992)
commodities: machinery and equipment, manufactured goods, food and
animals
partners: EC 64%, US 10%, Japan 7%

External debt: $29.5 billion (1992)

Industrial production: growth rate 7.7% (1991); accounts for 43% of
GDP, including petroleum

Electricity:
capacity: 4,570,000 kW
production: 11.3 billion kWh
consumption per capita: 109 kWh (1993)

Industries: crude oil and mining - coal, tin, columbite; primary
processing industries - palm oil, peanut, cotto