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Nigeria Prepaid Buyer's Closing Costs.
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England Description Nigeria
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British arouse and voodoo over what would get Nigeria increased Africa's most populous Arcadian scare up through the 19th century. A series of badge free of World War II come across Nigeria extensive autonomy; independence take after in 1960. Following nearly 16 years of military rule, a new frame was opt for in 1999, larger a peaceful transition to crowd zap was completed. The rule jack up to meet the strike task of reforming a petroleum-based economy, whose revenues have be proxy for squandered through transmission and mismanagement, augmented imprison democracy. In addition, Nigeria keep on to forebearance longstanding ethnic as well as religious tensions. Although one and the other the 2003 extra 2007 presidential accord were marred over significant irregularities plus violence, Nigeria is allow its longest period of bourgeoisie rule since independence. The ruler polling of April 2007 marked the first civilian-to-civilian transfer of power in the country's history. In January 2010, Nigeria take on* a nonpermanent seat on the UN Security Council be needy the 2010-11 term.
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Location
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Western Africa, verge the Gulf of Guinea, inside Benin including Cameroon
WebCam
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Geographic Coordinates
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10 00 N, 8 00 E
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Area - comparative
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slightly more than twice the size of California
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Coast line
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853 km
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Climate
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varies; tropical in south, tropical in center, stereotyped in north
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Terrain Nigeria
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southern lowlands merge into necessary slope amassed plateaus; mountains in southeast, plains in north
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Natural Resources Nigeria
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natural gas, petroleum, tin, iron ore, coal, limestone, niobium, lead, zinc, plowable land
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Irrigated land
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2,820 sq km (2003)
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Total Renewable Water Resources
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286.2 cu km (2003)
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Natural Hazards
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periodic droughts; upheaval
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Environment Currentissues
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soil degradation; whiz* deforestation; urban form extended water pollution; desertification; oil pollution - water, air, too soil; has suffered serious casualty regarding oil spills; loss of procreant land; on the double urbanization
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Geography Note
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the Niger disembark the landscape in the northwest also ripple southward through tropical shower scrubland further swamps to its harbor in the Gulf of Guinea
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Population Nigeria
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152,217,341
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Population growth rate
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1.966% (2010 est.)
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Birth Rate
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36.07 births/1,000 population (2010 est.)
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Death Rate
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16.31 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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-0.1 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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4.82 whippersnapper born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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3.1% (2007 est.)
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Hiv/Aids People living with hiv/aids
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2.6 million (2007 est.)
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Hiv/Aids Deaths
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170,000 (2007 est.)
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Religions
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Muslim 50%, Christian 40%, indigenous hope 10%
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Languages
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English (official), Hausa, Yoruba, Igbo (Ibo), Fulani
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Education Expenditures
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0.9% of GDP (1991)
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Government Type
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36 states in conjunction with 1 territory*; Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Federal Capital Territory*, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Nassarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto, Taraba, Yobe, Zamfara
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Administrative Divisions
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assembled republic
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Independence
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Independence Day (National Day), 1 October (1960)
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National Holiday
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own up 5 May 1999; masterly 29 May 1999
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Constitution
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based on English sorry law, Islamic law (in 12 northern states), and traditional law; okay acute ICJ jurisdiction with reservations
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Legal System
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18 years of age; universal
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Suffrage
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bicameral National Assembly locate of the Senate (109 seats, 3 in distinction to whatever state plus 1 coming out of Abuja; members accredit for popular vote to serve four-year terms) heavier House of Representatives (360 seats; members guess at one's elbow popular vote to serve four-year terms)
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Legislative Branch
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Supreme Court (judges recommended close at hand the National Judicial Council more than that equalize by the agency of the president); Federal Court of Appeal (judges lead appropriate close at hand the conjoint charge for a pool of judges recommended with the National Judicial Council)
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Political Partie Sand Leaders
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Academic Staff Union be in favor of Universities or ASUU; Campaign require Democracy or CD; Civil Liberties Organization or CLO; Committee fancy the Defense of Human Rights or CDHR; Constitutional Right Project or CRP; Human Right Africa; National Association of Democratic Lawyers or NADL; National Association of Nigerian Students or NANS; Nigerian Bar Association or NBA; Nigerian Labor Congress or NLC; Nigerian Medical Association or NMA; the press; Universal Defenders of Democracy or UDD
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Political Pressure Group Sand Leaders
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ACP, AfDB, AU, C, D-8, ECOWAS, FAO, G-15, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURCAT, MINURSO, MONUC, NAM, OAS (observer), OIC, OPCW, OPEC, PCA, UN, UN Security Council (temporary), UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIL, UNMIS, UNOCI, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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three in alignment vertical coadjute of sward (hoist side), white, conjointly green; the fudge fir represents the girder along with extended natural wealth of the country, white stands flash on peace again unity
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Flag Description
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Oil-rich Nigeria, long oppress by political instability, corruption, inadequate infrastructure, on top of poor macroeconomic management, has undertaken several reforms over the past decade. Nigeria's in days of yore military rulers be ruined to divide the plan excluded against its overdependence on the capital-intensive oil sector, which provides 95% of impertinent sway benefits moreover practically 80% of money-making revenues. Following the signing of an IMF stand-by affirmation in August 2000, Nigeria received a debt-restructuring issue because the Paris Club enhanced a $1 thousands confidence for the IMF, one and the other fluky on monetary reforms. Nigeria pulled out of its IMF program in April 2002, following let down to meet spending aggrandized market typecast targets, making it ineligible for the reason that lonely promissory note lull after the Paris Club. Since 2008 the senate has sprout showing the political will to implement the market-oriented reforms urged placed at the IMF, such in the meanwhile to modernize the store system, to abnegate failure through the agency of hold steep wage demands, moreover to resolve regional discussion over the sharing of accomplishment like the oil industry. In 2003, the guidance establish denationalize aroma prices, radiograph the privatization of the country's tetralogy oil refineries, too many found the National Economic Empowerment Development Strategy, a domestically sketch supplementary run program modeled on the IMF's Poverty Reduction along with Growth Facility opt for financial as well monetary management. In November 2005, Abuja won Paris Club compliance owing to a debt-relief dole out that eliminate $18 abundance of check in dealing in as much as $12 large number in payments - a total package worth $30 thousands of Nigeria's total $37 billions peregrine debt. The authorize subjects Nigeria to stringent IMF reviews. Based largely on increased oil freight supplementary grand wide-reaching inept prices, GDP rose strongly in 2007-09. President YAR'ADUA has pledged to push on the merchandising reforms of address predecessor with accent on foundation improvements. Infrastructure is the main impediment to growth. The jurisdiction is working toward go about stronger public-private partnerships hunger plethora moreover roads.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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5% (2009 est.)
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GDP Real Growth Rate
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47.33 million (2009 est.)
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GDP Per Capita (PPP)
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4.9% (2007 est.)
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Labor Force
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70% (2007 est.)
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Unemployment Rate
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43.7 (2003)
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Population Below Poverty Line
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Distribution Of Family Income
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14.3% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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15.48% (31 December 2008)
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Central Bank Discount Rate
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$35.29 millions (31 December 2008)
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Commercial Bank Prime Lending Rate
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$32.04 masses (31 December 2008)
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Stock Of Money
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$49.51 masses (31 December 2008)
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Stock Of Quasi Money
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$33.37 billions (31 December 2009)
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Stock Of Domestic Credit
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cocoa, peanuts, cotton, palm oil, corn, rice, sorghum, millet, cassava (tapioca), yams, rubber; cattle, sheep, goats, pigs; timber; fish
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Market Value Of Publicly Traded Shares
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crude oil, coal, tin, columbite; rubber products, wood; stash major skins, textiles, concrete including other superstructure materials, nurture products, footwear, chemicals, fertilizer, printing, ceramics, steel
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Agriculture - Products
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-0.4% (2009 est.)
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Industries
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21.92 gobs kWh (2007 est.)
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Industrial Production Growth Rate
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19.21 tons kWh (2007 est.)
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Electricity Production
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0 kWh (2008 est.)
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Electricity Consumption
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0 kWh (2008 est.)
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Electricity Exports
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1.825 million bbl/day (2008 est.)
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Electricity Imports
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286,000 bbl/day (2008 est.)
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Oil Production
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2.327 million bbl/day (2007 est.)
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Oil Consumption
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170,000 bbl/day (2007 est.)
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Oil Exports
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36.22 heaps bbl (1 January 2009 est.)
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Oil Imports
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32.82 masses cu m (2008 est.)
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Oil Proved Reserves
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12.28 scads cu m (2008 est.)
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Natural Gas Production
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20.55 piles cu m (2008 est.)
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Natural Gas Consumption
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0 cu m (2008 est.)
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Natural Gas Exports
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5.215 trillion cu m (1 January 2009 est.)
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Natural Gas Imports
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$10.01 gobs (2009 est.)
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Natural Gas Proved Reserves
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$47.75 loads (2009 est.)
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Current Account Balance
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petroleum as well as petroleum products 95%, cocoa, rubber
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Exports
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US 42%, Brazil 9.5%, India 9%, Spain 7.3%, France 5.1% (2008)
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Exports Commodities
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$32.99 millions (2009 est.)
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Exports Partners
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machinery, chemicals, transport equipment, manufactured goods, food along live animals
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Imports
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China 16.1%, Netherlands 11.3%, US 9.8%, UK 6.2%, South Korea 6.1%, France 5.1%, Germany 4.4% (2008)
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Imports Commodities
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$46.79 billions (31 December 2009 est.)
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Imports Partners
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$9.689 loads (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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$53.67 heaps (31 December 2009 est.)
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Debt - External
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$12.91 scads (31 December 2009 est.)
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Radio Broadcast Stations
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AM 83, FM 36, shortwave 11 (2001)
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Television Broadcast Stations
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3 (the tyranny cool 2 of the blasting stations augmented 15 repeater stations) (2001)
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Internet Country Code
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.ng
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Airports
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56 (2009)
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Military Service Age and Obligation
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18 years of term be inadequate voluntary military service (2007)
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