Questions
Questions on the economy of Nigeria
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What is the GDP of Nigeria?
290.5 bn$ in 2025 (IMF, current dollars): no. 3 of 53 African economies.
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What is the economic growth of Nigeria?
Real GDP growth of +4.0 % in 2025 (IMF estimate). The IMF projects +4.2 % for 2026.
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What GDP does the IMF project for Nigeria in 2030?
542.2 bn$ in 2030 according to the IMF projections, against 290.5 bn$ in 2025: real growth of 4.2 % a year on average.
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Is Nigeria a rich country?
GDP per capita of 1,223 $ in 2025, below the African median (1,768 $): no. 35 of 53 in Africa per person (IMF).
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How many people live in Nigeria?
237.6 M inhabitants in 2025 (IMF): no. 1 in Africa by population.
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What is the inflation rate in Nigeria?
23.0 % in 2025, average annual change in consumer prices (IMF). Projection for 2026: 15.6 %.
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Is Nigeria highly indebted?
Public debt of 36.1 % of GDP in 2025, against a median of 53.2 % in Africa: no. 46 of 52 from the most indebted (IMF).
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Is Nigeria in default?
No. Its rating is B (S&P B · Moody's B3 · Fitch B).
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What is the credit rating of Nigeria?
S&P B · Moody's B3 · Fitch B: weak rating, no. 16 of the 34 African countries rated.
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What is the currency of Nigeria?
Its currency: naira (NGN).
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What does Nigeria export?
In 2024, mostly: Oil, gas, coal (85.8 %), Cocoa and cocoa products (4.0 %), Fertilisers (1.6 %). First client: Spain (CEPII, BACI).
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Which economic communities is Nigeria part of?
ECOWAS (Economic Community of West African States).
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Does Nigeria have a stock exchange?
Yes: the Nigerian Exchange, with 158 listed securities.
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What share of the population of Nigeria has electricity?
62.5 % of the population in 2024 (World Bank).
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Answers written from the latest figures of the IMF, the World Bank, CEPII, the rating agencies and the IMF-World Bank debt analyses. Method and sources