Facts about Nigeria


Nigeria has often been misrepresented in foreign media resulting in much confusion as to what the country is about. The purpose of this free Nigeria information portal is to present the facts about Nigeria straight from source.

Nigeria has a population of about 150 million living in 36 states of the country. Some of the most popular states of Nigeria are Lagos, Abuja (the federal capital territory), Kano, Kaduna, Ogun, Delta, Edo, Ondo, and Ekiti states.
Lagos is about the most popular state in Nigeria. In fact, it is the commercial capital of Nigeria with all the industries fully represented.

Lagos Nigeria alone has about 15 million inhabitants and the population is growing steadily by the day. Lagos growth rate is currently put at about 250,000 people per year.
That is huge!
The Lagos state government certainly has a huge job in its hands . . . the challenge to provide infrastructure to support this huge population.
Nigeria has major challenges in terms of providing the necessary utilities that make a modern economy function effectively. Top on the list is the government's inability to provide regular power supply.
Manufacturing concerns and individuals generate their own electricity because the national electricity company, PHCN (Power Holding Company Of Nigeria) has been unable to supply regular and uninterrupted electricity to any city or neighbourhood in the country. That is a big disappointment.

That means that if you intend to set up a company in Nigeria, you first need to invest in power generating equipment. And that will significantly impact on your set up cost and operating expenses.
No wonder local firms find it difficult to compete globally!

Another thing to remember is that virtually every home generate its water needs.

Borehole drilling experts have made a killing from drilling boreholes in residential buildings because the state governments are unable to meet the water needs of its people.
Other facts about Nigeria.
1. Our roads are poorly maintained. Potholes are everywhere resulting in auto mechanics feeding fat from the high maintenance cost of vehicles due to the bad roads
2. Property is expensive especially in commercial cities like Lagos Nigeria. A 3 bedroom flat in a place like Ikoyi cost as high as $75,000 USD per annum and the prospective tenant has to pay two years rent upfront.
3. Minimum wage in Nigeria is 7,500 Naira
4. Unemployment level is high
5. Nigeria's main source of income is from crude oil
6. Nigeria has three crude oil refineries but their production is unable to satisfy local needs. So Nigeria exports crude oil and imports PMS
7. The key oil producing communities are in the Niger Delta area of Nigeria
8. Nigeria runs a presidential system of government
9. Nigeria government is in three tiers . . . The federal government, the state government, and the local government. Each local government has local government chairman and a council
10. Public schools are usually seen to deliver low quality of education because the teachers are supposedly poorly paid. This has resulted in a huge demand for private schools. Consequently, privately owned schools have sprung up in droves. Private school education is big business in Nigeria
11. Corruption in Nigeria - Corruption is almost becoming a norm in Nigeria. Moral values have declined. Local news reports are littered with corruption stories and stories of government officials being prosecuted for corruption charges. Unfortunately, few ever go to jail thereby encouraging the next generation of leaders to be even more corrupt since they can buy themselves out of jail.

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