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Canada-Nigeria fact sheet

Official Title:
Federal Republic of Nigeria

General Information

Capital: Abuja
Population (million): 211.40
Total Area: 923,773km2
Currency: 1 CAN$ = 274.01 Naira (NGN) (2021- Annual average)
National Holiday: 1 October, National Day
Language(s): English, Hausa, Yoruba, Igbo (Ibo), Fulani

Political Information

Type of State:
Federal Republic

Type of Government:
Bicameral National Assembly: Senate (109 elected senators) and House of Representatives (360 elected representatives).

Head of State:
President Muhammadu Buhari

Head of Government:
President Muhammadu Buhari

Ministers:
Vice President: Yemi Osinbajo
Foreign Affairs: Geoffrey Onyeama
Finance: Zainab Ahmed
Trade & Investment: Otunba Niyi Adebayo

Main Political Parties:
People’s Democratic Party (PDP), All Progressives Congress (APC), Action Congress of Nigeria (ACN) Congress for Progressive Change (CPC), All Nigeria Peoples’ Party (ANPP), and All Progressives Grand Alliance (APGA)

Elections:
Presidential and parliamentary: Last in 2019, next in February 2023.

Economic Information (2021)

Comparative figures
Type Nigeria Canada
GDP: ($ billion) 559.11 2,520.82
GDP per capita: ($) 2,644.77 65,944.96
GDP growth rate: (%) 3.65 4.56
Inflation: (%) 16.95 3.4
Unemployment: (%) 0 7.43

Source: IMF (estimates)

Product Trade and Investment (2021)

Canadian exports to country: $605,413,743
Canadian imports from country: $2,061,978,163
FDI in Canada: $1,171 million
CDI in the country: $433 million

Source: Statistics Canada

Representation

Foreign Representation in Canada:
High Commissioner Adeyinka Olatokunbo Asekun

Canadian Representation Abroad:
High Commissioner-designate James Christoff

Please note that all statistics reflect Canadian dollars, with some figures reflecting the yearly averages for the year. If listed as ’0’ or absent, the figure is unavailable.

Bilateral Product trade
Canada - Nigeria
Year Exports Imports
2017 $435,378,006 $1,038,717,946
2018 $467,998,552 $480,509,584
2019 $497,303,616 $293,000,435
2020 $727,950,000 $657,012,395
2021 $605,413,743 $2,061,978,163
21 HS Sections (2021)
Canada - Nigeria
Section Exports Imports
01 Animal & Prod. $2,435,593 $662,680
02 Veg. Prod. $373,057,847 $7,343,925
03 Fats, Oils & Waxes Prod. $5,498 $453,214
04 Food Prod. $19,244,659 $49,138,432
05 Mineral Prod. $107,983 $2,002,240,263
06 Chemical Prod. $3,938,093 $169,874
07 Plastics, Rubber Prod. $2,262,782 $15,735
08 Leather, Fur Prod. $548,067 $22,613
09 Wood Prod. $2,565 $12,845
10 Paper Prod. $455,320 $32,169
11 Textiles Prod. $2,797,428 $263,842
12 Dress Access. $444,666 $1,409,601
13 Glass & Stone Prod. $15,813 $3,944
14 Precious Metals/stones $1,490 $45,821
15 Base Metal Prod. $567,448 $24,236
16 Mach. Mech. Elec. Prod. $33,814,558 $37,804
17 Vehicles and Equip. $152,411,298 $22,547
18 Specialized Inst. $5,577,307 $8,810
19 Arms & Ammunition $170 $
20 Misc. Articles $219,088 $17,719
21 Antiques $32,350 $33,805


June 2022
Sources include: Statistics Canada, IMF

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