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Nigeria
Country Profile

 

The Federal Republic of Nigeria in figures and facts :

Population : 130 millions.

Area : 923.769 km2

Political regime : democraty since 1999

President : Olusegun Obasanjo (elected in 1999 and re-elected in 2003)

Main Ethnic Groups: Yoruba (South West, Igbo (South East) & Haussa Fulani (North).

Religions : Christians, Muslims & animists.

Languages: English, French, Yoruba, Haussa, Igbo

Main Market Places (Consumer goods) : Lagos (Apongbon for Textile; Oke-Arin for food products; Idumota for auto spare parts; Alaba International for electronics, household equipment and furnitures), Onitsha, Kano & Maiduguri.

 

Economics

Currency: Naira
Market Exchange Rate (October 2006): US$ 1 = 150 Naira
Gross Domestic Product (2004): $53.2 billion
Real GDP Growth Rate (2004): 4.4%
Inflation Rate (2004): 16.9%
Current Account Balance (2004): $ 3.5 billion
Major Trading Partners: United States, France, India, United Kingdom, Spain, Germany, Brazil, China
Merchandise Trade Balance (2003): $2.4 billion
Merchandise Exports (2003): $18.0 billion
Merchandise Imports (2003): $15.6 billion
Major Export Products: Crude oil, natural gas, cocoa, rubber, timber
Major Import Products: Petroleum products, food, machinery and equipment, manufactured goods
Oil Export Revenues (2003): $20.9 billion (2004): $27.0 billion
Oil Export Revenues/Total Export Revenues (2003): 96%
Total External Debt (2003): $30.2 billion 

Energy

Proven Oil Reserves (2004): 35.2 billion barrels
Oil Production (2004): 2.4 million bpd
OPEC Crude Production Quota (August, 2004): 2.142 million bbl/d
Oil Consumption (2003): 313,000 bpd
Net Oil Exports (2003): 1.9 million bpd
Crude Refining Capacity: 438,750 bopd
Major Crude Oil Customers (2004): United States, Brazil Spain, Indonesia, India
Natural Gas Reserves (2004): 187 Tcf
Natural Gas Production (2002): 501 Bcf
Natural Gas Consumption (2002): 225 Bcf
Net Natural Gas Exports (2002): 276 Bcf
Recoverable Coal Reserves: 209 million short tons (Mmst)
Coal Production (2002): 0.07 Mmst
Coal Consumption (2002): 0.07 Mmst
Electric Generation Capacity (2002): 5.9 Gigawatts
Electricity Generation (2002): 19.9 bn Kw/Hour

Government Officials

President: Mr. Olusegun OBASANJO
Vice President: Alh. Atiku ABUBAKAR
Minister of Finance : Dr. (Mrs) Ngozi OKONJO-IWEALA
Minister of State for Finance: Mrs. Nenadi USMAN
Minister of Power and Steel: Senator Neil IMOKE
Minister of Solid Minerals: Mr. Mangu Odion UGHESA
Minister of Information & National Orientation : Mr. Chukwuemeka CHIKELU
Permanent secretary, Ministry of Labour and Productivity: Timiebi KORIPAMO-AGARY
Presidential Advisor on Petroleum and Energy: Edmund DAUKORU
Special Assistant to the President on Petroleum Matters: Alh. Ja'afaru ALI PAKI
Chief of Naval Staff: Vice Admiral Samuel AFOLAYAN
Secretary to the Federal Government: Mr. Ufot EKAETTE

Senate President: Chief Adolphus WABARA
Chairman, Senate Committee on Petroleum Matters: Senator Abiola AJIMOBI
Chairman, Senate Committee on Petroleum Resources (Upstream): Senator Lee MAEBA
Executive Chairman, Economic & Financial Crimes Commission: Mallam Nuhu RIBADU
Chairman, House of Representatives' Committee on Gas: Mrs Mercy ALMONA ISEI

Oil & Gas Agencies

Director, Department of Petroleum Resources (DPR): Dr. Macauley OFURHIE
Deputy Director (Inspection), Department of Petroleum Resources (DPR): Mr. Kayode OLOKETUYI
Chief Geologist, Department of Petroleum Resources (DPR) in Lagos: Mr. A.O. LUFADEJU

Group Managing Director, Nigerian National Petroleum Corporation (NNPC): Engr. Funsho KUPOLOKUN
Acting group managing director, Nigerian National Petroleum Corporation (NNPC): Alhaji Abubakar YAR’ADUA
Group General Manager, National Petroleum Investment Management Services (NAPIMS): Engr. Philip CHUKWU
Manager, Logistics & Material Procurement, National Petroleum Investment Management Services (NAPIMS): Mr. Ibrahim SULE JATAU

Chairman , Niger Delta Development Commission (NDDC): Chief Onyema Ugochukwu
National Oil Spill Detection and Response Agency (NOSDRA)
Director-General, Energy Commission of Nigeria (ECN): Professor UMAR, I.H.
Petroleum Products Pricing Agency (PPPRA)
Petroleum Equalization Fund

States Officials

Bayelsa State Governor: Deprieye ALAMIESEIGHA
Bayelsa State Deputy Governor: Dr. Goodluck JONATHAN
Delta State Governor: James IBORI
Ondo State Governor: Olusegun AGAGU
Osun State Governor : Olagunsoye OYINLOLA
Sokoto State Governor : Attahiru Dalhatu BAFARAWAU

Associations & Unions

Independent Petroleum Marketers Association of Nigeria (IPMAN)
Chairman, IPMAN Warri Depot:
Mr. Clement OBAYENDO
Chairman, IPMAN Enugu branch: Mr. Chidi NNUBIA
National Association of Petroleum Explorationnists (NAPE)
Nigerian Mining and Geosciences Society (NMGS)
Chairman, The Society of Petroleum Engineers (SPE) Nigeria Council:
Mr. Alex MUSA
Chairman, Petroleum Technology Association of Nigeria (PETAN): Mr. Pedro Egbe (CEO of Weltek Engineering Company)
President, National Union of Petroleum and Natural Gas Workers (NUPENG): Mr. Peter AKPATASON
Petroleum and Natural Gas senior Staff Association of Nigeria (PENGASSAN)
President:
Mr. Louis Brown OGBEIFUN
Lagos Chamber of Commerce and Industry (LCCI)
Chairman, LPG Group of LCCI:
Mr. Taiwo FAGBEMI
National Chairman, Peoples Democratic Party (PDP): Chief Audu OGBEH
President of Ijaw National Congress: Prof. Kimse OKOKO
Chairman, Organisation of Bitumen Producing Areas: Chief Kayode IWAKUN

 

Main Economical Sectors: 

 

Oil & Gas
Telecom (more than 10 millions GSM customers - 4 operators).

Construction, Civil Engineering, Dredging.

Power Generation (Public operator NEPA, private operators IPP & EPP)

Banking & Financial Services.

Aviation Sector (4 international airports & more than 30 domestic airports).

Flour Mills (1,4 million metric tons of flour per year).

Minerals (iron ore, bitumen, etc.) 

Manufacturing Sector (Automobile Assembly, Bottling, Breweries, Detergents, Agro-allied).

Agriculture (cocoa, rubber, gum arabic, breeding, aquaculture, skin tanning, fishing).

Main Cities :

 

    Abuja - Population: 2 millions.

    Benin City

    Calabar
    Enugu

    Kaduna - Population : ~2 millions.
    Kano - Population : 3~4 millions.
    Ibadan - Population : 3~4 millions d'habitants.
    Lagos (Port, Apapa & Tin Can Island) - Population : 12 millions.

    Makurdi
    Maiduguri
    Nnewi
    Onitsha
    Oshogbo
    Owerri
    Port Harcourt (Port, Onne & NPA) - Population ~ 2 millions.

    Sapele (Port)
    Warri (Port)

Nigeria is a federation of 36 States and one Territory :

 

    Abia State

    Abuja Federal Capital Territory

    Adamawa State

    Akwa Ibom State

    Anambra State

    Bauchi State

    Bayelsa State

    Benue State

    Borno State

    Cross River State

    Delta State

    Ebonyi State

    Edo State

    Ekiti State

    Enugu State

    Gombe State

    Imo State

    Jigawa State

    Kaduna State

    Kano State

    Katsina State

    Kebbi State

    Kogi State

    Kwara State

    Lagos State

    Nassarawa State

    Niger State

    Ogun State

    Ondo State

    Osun State

    Oyo State

    Plateau State

    Rivers State

    Sokoto State

    Taraba State

    Yobe State

    Zamfara State

 

 

Purchase Online
The Directory of the Nigerian Oil & Gas Industry
- Nigeria Oil & Gas Concessions Map & Licences
The Directory of the Angola Oil & Gas Industry
- The Directory of the West African Oil & Gas Industry

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NBR Services is an Energy related consulting firm specialized in Oil & Gas activities (geological & geophysics, drilling, upstream exploration & production, downstream, Refining, transport & distribution of Petroleum ). We provide Business Development solutions (oilfield database, directories, market research, studies and surveys, local missions ...) to the markets of Exploring & Producing countries of West Africa: Côte d'Ivoire, Ghana, Togo, Benin Republic, Nigeria, Cameroon, Equatorial Guinea, Sao Tome & Principe, Gabon, Congo Brazzaville, Angola, and Namibia. Our clients include E & P companies, contractors, sub-contractors, support & services companies (air, vessels, logistics), banks, consultants & law firms.

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