Federal Republic of Nigeria
Capital
Abuja
Region
Africa
Population
223,800,000
Area (km²)
923,768
Nigeria, Africa's most populous nation with over 223 million people, spans 923,768 km² in West Africa and boasts Abuja as its modern capital, having shifted from Lagos in 1991. Renowned for its vast ethnic diversity, including over 250 groups, the country is a major oil producer and cultural powerhouse, home to Nollywood, the world's second-largest film industry. Despite economic challenges, its vibrant markets and youthful population drive potential for growth in sectors like tech and agriculture.
Despite having the largest GDP in Africa (nearly $487 billion), Nigeria's massive population dilutes this wealth significantly, resulting in a very low GDP per capita of just $2,138.76. This stark contrast highlights the challenge of translating national economic growth into improved individual living standards.
Nigeria faces extreme demographic pressure characterized by a high fertility rate (4.48 children per woman) coupled with one of the lowest global life expectancies (54.46 years). This combination suggests a rapidly growing, young population that is highly vulnerable to health and mortality challenges, straining social services.
The infant mortality rate of 60.100 per 1,000 live births is extremely high, indicating significant deficiencies in maternal healthcare, sanitation, and access to basic medical services. This figure is a critical indicator of poor overall public health outcomes compared to global averages.
Nigeria is struggling with extremely high inflation at 24.660%, which severely erodes purchasing power and economic stability. This high rate contrasts sharply with the modest GDP growth of 3.327%, suggesting that real economic gains are being wiped out by rising prices.
GDP (Current US$)
$487.39B
Year: 2023
GDP Per Capita
$2,138.76
GDP Growth (%)
3.33%
Inflation (%)
24.66%
Unemployment (%)
3.07%
Debt to GDP (%)
N/A%
Source: World Bank • Last updated: 12/24/2025
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