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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