- Nigeria has had sluggish economic growth since the end of 2015 with the rate dropping to an estimated 3.0% in December 2015, leading the authorities to adopt an expansionary 2016 budget that aims to stimulate the economy.
- Security, fighting corruption, and improving the social welfare of Nigerians are at the heart of the development policy of the new administration that was inaugurated on 29 May 2015.
- Nigeria has been rapidly urbanising and fast-growing cities such as Lagos and Kano face increasing unemployment and income inequality because of poor urban planning and weak links between structural transformation and urbanisation.
|Area:||924,000 sq km|
|Total Population 2015:||173.6 Million|
|Urban Population 2015:||50.87%|
|Female Population 2015:||49.10%|
|GDP:||US$ 520.1 Billion|
|GNI Per Capita 2015:||US$ 1,440|
|Crude Birth Rate (per 1000):||41.25%|
|Human Development Index (rank / 187):||153|
|Human Development Index (scale 0 to 1):||0.471|
|Cumulative Approvals (1967-2015):||UA 4.9 Billion|