t.)

Budget:
revenues: $17.86 billion
expenditures: $19.05 billion; including capital expenditures of $NA
(2006 est.)

Public debt:
10.4% of GDP (2006 est.)

Agriculture - products:
cocoa, peanuts, palm oil, corn, rice, sorghum, millet, cassava
(tapioca), yams, rubber; cattle, sheep, goats, pigs; timber; fish

Industries:
crude oil, coal, tin, columbite; palm oil, peanuts, cotton, rubber,
wood; hides and skins, textiles, cement and other construction
materials, food products, footwear, chemicals, fertilizer, printing,
ceramics, steel, small commercial ship construction and repair

Industrial production growth rate:
-1.6% (2006 est.)

Electricity - production:
19.06 billion kWh (2004)

Electricity - production by source:
fossil fuel: 61.9%
hydro: 38.1%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
17.71 billion kWh (2004)

Electricity - exports:
20 million kWh (2004)

Electricity - imports:
0 kWh (2004)

Oil - production:
2.451 million bbl/day (2005 est.)

Oil - consumption:
290,000 bbl/day (2004 est.)

Oil - exports:
NA bbl/day

Oil - imports:
NA bbl/day

Oil - proved reserves:
36.25 billion bbl (2006 est.)

Natural gas - production:
21.8 billion cu m (2004 est.)

Natural gas - consumption:
9.21 billion cu m (2004 est.)

Natural gas - exports:
12.59 billion cu m (2004 est.)

Natural gas - imports:
0 cu m (2004 est.)

Natural gas - proved reserves:
4.984 trillion cu m (1 January 2005 est.)

Current account balance:
$12.59 billion (2006 est.)

Exports:
$59.01 billion f.o.b. (2006 est.)

Exports - commodities:
petroleum and petroleum products 95%, cocoa, rubber

Exports - partners:
US 52.5%, Spain 8.2%, Brazil 6.1% (2005)

Imports:
$25.1 billion f.o.b. (2006 est.)

Imports - commodities:
machinery, chemicals, transport equipment, manufactured goods, food
and live animals

Imports - partners:
China 10.4%, US 7.3%, UK 6.7%, Netherlands 6%, France 5.9%, Brazil
4.3%, Germany 4.2% (2005)

Reserves of foreign exchange and gold:
$42.97 billion (2006 est.)

Debt - external:
$6.278 billion (2006 est.)

Economic aid - recipient:
$250 million

Currency (code):
naira (NGN)

Currency code:
NGN

Exchange rates:
nairas per US dollar - 127.573 (2006), 132.59 (2005), 132.89
(2004), 129.22 (2003), 120.58 (2002)

Fiscal year:
calendar year

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