Nigeria at a Glance
BASIC FACTS

With a population of almost 180 million people comprising of over 250 ethnic groups, Nigeria is a blend of exciting cultural diversity that has produced a land of unparalleled opportunities with warm, friendly people. It is symbolic of our unity in diversity that adherents of Christianity, Islam and traditional animists co-exist, very often in the same families.

Located just above the equator with a coastline stretching over 800 miles, Nigeria is one of the few countries in the world where such ecosystems as the mangrove and rain forests of the south, rich savannah plains in the middle and brown sand dunes of the Sahara in north can be seen in a day. Combine these with the mountain ranges, deep valleys and hundreds of rivers, lakes and waterfalls that dot the country and you have a tourist haven that is unspoiled and virtually undiscovered. Adventure beckons at every turn.

Democratically governed and undergoing social and economic reforms, the country is poised for growth and development in every sector. With a rapidly expanding middle class earning higher incomes, returns on investments in Nigeria are among the highest in the world. The country is blessed with vast natural resources and is home to some of the world’s notable achievers in sciences, economics, business, sports, entertainment, the arts and many more.

Nigeria offers a delightful microcosm of all you might expect to see in a land which is home to every fifth African and which is aptly described as the Heart of Africa. Discover the sights, the sounds and the wonders of the country here. Feel the throb of traditional drums; hear the thunder of its many waterfalls; see the flush and fauna of its landscape and feel the magnetism of it’s people. Welcome to Nigeria.

ECONOMY FACTS
ECONOMY

The following are the functions of the Federal Ministry of Finance: Preparing annual estimates of revenue and expenditure for the Federal Government:
Formulating policies on fiscal and monetary matters;
Mobilizing domestic and external financial resources through both internal and external financial institutions, for development purposes. Maintaining adequate foreign exchange reserves aimed at Ensuring a healthy balance of payment position;
Maintaining the internal and external value and stability of the Nigerian currency; Monitoring government revenue from oil and non-oil resources;
Supervising the insurance industry;
Managing revenue allocation matters;
Relating with relevant international organization and Financial institutions, such as the Economic Commission for Africa, World Bank, International Monetary Fund (IMF). United Nations Development Programmes (UNDP), Commonwealth Economic Committee, European Union/Africa. Caribbean and Pacific, Economic and Social Commission of the OAU, ECOWAS, etc.

Parastatals
• Accountant General of the Federal Republic Of Nigeria
• Budget Office
• Federal Inland Revenue Service
• Investment and Security Tribunal National Insurance Commission NEXIM NigeriaDeposit Insurance Commission
• Nigerian Customs Service
• Security and Exchange Commission
• Federal Government Allocation