s: the pro-Communist underground consists of a small fraction of
the Nigerian left; leftist leaders are prominent in the country's central
labor organization but have little influence on government
Member of: ACP, AfDB, APC, CCC, Commonwealth, ECA, ECOWAS, FAO,
G-77, GATT, IAEA, IBRD, ICAO, ICO, IDA, IFAD, IFC, ILO, IMO, IMF,
INTELSAT, INTERPOL, IRC, ISO, ITC, ITU, IWC--International Wheat
Council, Lake Chad Basin Commission, Niger River Commission, NAM, OAU,
OPEC, UN, UNESCO, UPU, WHO, WMO, WTO
Diplomatic representation: Ambassador Hamzat AHMADU; Chancery at
2201 M Street NW, Washington DC 20037; telephone (202) 822-1500;
there are Nigerian Consulates General in Atlanta, New York and San Francisco;
US--Ambassador Lannon WALKER; Embassy at 2 Eleke Crescent,
Victoria Island, Lagos (mailing address is P. O. Box 554, Lagos);
telephone p234o (1) 610097; there is a US Consulate General in Kaduna
Flag: three equal vertical bands of green (hoist side), white, and green
- Economy
Overview: In 1989, despite rising oil prices, the economic
performance failed to meet government expectations because of higher
inflationary pressures fueled by a relatively poor agricultural
performance. Agricultural production was up only 4% following a 10%
decline in 1988, and manufacturing remained below the 1985 level
with only a 6% increase. The government is continuing an economic
adjustment program to reduce Nigeria's dependence on oil and to help
create a basis for sustainable noninflationary growth.
GNP: $30.0 billion, per capita $270; real growth rate 4% (1989)
Inflation rate (consumer prices): 47.5% (1989)
Unemployment rate: 7.5% (1988 est.)
Budget: revenues $6.5 billion; expenditures $7.4 billion, including
capital expenditures of $1.9 billion (1988 est.)
Exports: $8.4 billion (f.o.b., 1989 est.); commodities--oil 95%,
cocoa, palm kernels, rubber; partners--EC 51%, US 32%
Imports: $5.7 billion (c.i.f., 1989 est.); commodities--consumer
goods,
capital equipment, chemicals, raw materials; partners--EC, US
External debt: $32 billion, medium and long-term (December 1989
est.)
Industrial production: growth rate 5% (1987 est.)
Electricity: 4,737,000 kW capacity; 11,270 million kWh produced,
100 kWh per capita (1989)
Industries: mining--crude oil, natural gas, coal, tin, columbite;
primary processing industries--palm oil, peanut, cotton, rubber, petroleum,
wood, hides and skins; manufacturing industries--textiles,
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