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tional Association of Democratic Lawyers or NADL; National Association of Nigerian Students or NANS; Nigerian Bar Association or NBA; Nigerian Labor Congress or NLC; Nigerian Medical Association or NMA; the Press; Universal Defenders of Democracy or UDD International organization participation: ACP, AfDB, AU, C, ECOWAS, FAO, G-15, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURCAT, MINURSO, MONUC, NAM, OAS (observer), OIC, OPCW, OPEC, PCA, UN, UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIL, UNMIS, UNOCI, UNOMIG, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO Diplomatic representation in the US: chief of mission: Ambassador Oluwole ROTIMI chancery: 3519 International Court NW, Washington, DC 20008 telephone: [1] (202) 986-8400 FAX: [1] (202) 775-1385 consulate(s) general: Atlanta, New York Diplomatic representation from the US: chief of mission: Ambassador Robin SANDERS embassy: 1075 Diplomatic Drive, Central District Area, Abuja mailing address: P. O. Box 5760, Garki, Abuja telephone: [234] (9) 461-4000 FAX: [234] (9) 461-4036 Flag description: three equal vertical bands of green (hoist side), white, and green Economy Nigeria Economy - overview: Oil-rich Nigeria, long hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management, is undertaking some reforms under a new reform-minded administration. Nigeria's former military rulers failed to diversify the economy away from its overdependence on the capital-intensive oil sector, which provides 20% of GDP, 95% of foreign exchange earnings, and about 80% of budgetary revenues. The largely subsistence agricultural sector has failed to keep up with rapid population growth - Nigeria is Africa's most populous country - and the country, 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. Nigeria pulled out of its IMF program in April 2002, after failing to meet spending and exchange rate targets, making it ineligible for additional debt forgiveness from the Paris Club. In the last year the government has begun showing the political will to implement the market-oriented reforms urge
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