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Society/Culture
Society/Culture
Religion: 53.5% Muslim, 45.9% Christian
Life expectancy is about 54 years
51% of population lives in urban areas
About 400 tribal languages spoken, but English is the language of business
GDP in Nigeria
GDP in Nigeria
Economy
Economy
GDP: $440 billion
Personal GDP: $2396
Population: 211,400,708
Population Density: 586 people per mi^2
Stage of Development: Stage 3
Population Growth Projections
Population Growth Projections
Geopolitical
Geopolitical
Gained independence in 1960
Government: Federal Presidential Republic
President: Major General Muhammadu Buhari
Geography
Capital City: Abuja
Nigeria is divided into 6 geopolitical zones
zones are carved out not entirely geographically, but by ethnic groups
Infrastructure
Infrastructure
Land transportation:
Roads convey about 80% of all traffic, though they are poorly maintained
There is about 7,398 km of rail though it has proven to be inefficient for travel
Air Travel
There are 5 international airports in Abuja (the Federal Capital Territory), Lagos, Kano, Enugu, and Rivers states
22 others are used mainly for local travel
Pipelines
About 4226 km. (2626 mi.) of pipelines run across the country
Refineries
The NNPC has 4 refineries which have a combined capacity of 445,000 bpd but Nigeria imports 91% of consumed petrol
There is a growing industry of illegal refiners which provide a ready market for stolen crude oil trade.
Market Research
Market Research
Oil Facts
Nigeria is the 11th largest oil producer in the world
Value of petroleum exports: ~$28 billion
Oil Production: ~2 million barrels produced daily (2015-2019)
Population Boom
Population of 196 million people and a daily petrol supply need of 51.6 million liters.
With the country’s population expected to hit 410 million people by 2050, Nigeria’s government should expect a significant surge in local demand for petroleum products, including jet fuels, petrol, diesel, and kerosene.
Major Market Players
Nigerian National Petroleum Corporation (State Owned)
Most major international petroleum companies (ie. Chevron, ExxonMobil, Shell)
Other Resources:
https://www.cia.gov/the-world-factbook/countries/nigeria/#governmenthttps://www.worldometers.info/world-population/nigeria-population/https://en.wikipedia.org/wiki/Nigeriahttps://www.statista.com/topics/6914/oil-industry-in-nigeria/.https://tradingeconomics.com/nigeria/gdp-per-capitahttps://storymaps.arcgis.com/stories/651e1b3576f847949d3c1b5275d24a5chttps://nigerianfinder.com/economic-history-of-nigeria/https://globaledge.msu.edu/countries/nigeria/statisticsTravelling around Nigeria, Transport in Nigeria (expat.com) Refineries and Petrochemicals (nnpcgroup.com) Refineries’ Performance — Overview and Recommendations. | by BudgIT Nigeria | Medium
https://www.cia.gov/the-world-factbook/countries/nigeria/#governmenthttps://www.worldometers.info/world-population/nigeria-population/https://en.wikipedia.org/wiki/Nigeriahttps://www.statista.com/topics/6914/oil-industry-in-nigeria/.https://tradingeconomics.com/nigeria/gdp-per-capitahttps://storymaps.arcgis.com/stories/651e1b3576f847949d3c1b5275d24a5chttps://nigerianfinder.com/economic-history-of-nigeria/https://globaledge.msu.edu/countries/nigeria/statisticsTravelling around Nigeria, Transport in Nigeria (expat.com) Refineries and Petrochemicals (nnpcgroup.com) Refineries’ Performance — Overview and Recommendations. | by BudgIT Nigeria | Medium
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