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Canada-Nigeria fact sheet

Official Title:
Federal Republic of Nigeria

General Information

Capital: Abuja
Population (million): 200.96
Total Area: 923,773km2
Currency: 1 CAN$ = 274.01 Naira (NGN) (2020- 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: Oluyemi Osinbajo
Foreign Affairs: Geoffrey Onyeama
Finance: Zainab Ahmed
Trade & Investment: Richard Adeniyi 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 2023.

Economic Information (2019)

Comparative figures
Type Nigeria Canada
GDP: ($ billion) 587.56 2,277.52
GDP per capita: ($) 2,923.69 60,806.37
GDP growth rate: (%) 2.21 1.64
Inflation: (%) 11.4 1.95
Unemployment: (%) 0 5.67

Source: IMF (estimates)

Product Trade and Investment (2020)

Canadian exports to country: $716,009,026
Canadian imports from country: $657,014,273
FDI in Canada (2019): $934 million
CDI in the country (2019): $390 million

Source: Statistics Canada

Representation

Foreign Representation in Canada:
High Commissioner Adeyinka Olatokunbo Asekun

Canadian Representation Abroad:
Vacant

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
2016 $313,520,370 $1,574,576,119
2017 $435,378,006 $1,038,717,946
2018 $467,998,552 $480,509,584
2019 $505,601,976 $294,706,362
2020 $716,009,026 $657,014,273
21 HS Sections (2020)
Canada - Nigeria
Section Exports Imports
01 Animal & Prod. $2,853,975 $308,896
02 Veg. Prod. $324,135,662 $10,733,388
03 Fats, Oils & Waxes Prod. $7,162 $458,695
04 Food Prod. $5,450,428 $31,629,484
05 Mineral Prod. $23,871 $610,880,184
06 Chemical Prod. $3,952,986 $118,436
07 Plastics, Rubber Prod. $732,347 $12,864
08 Leather, Fur Prod. $396,853 $5,788
09 Wood Prod. $41,702 $12,453
10 Paper Prod. $1,189,983 $92,075
11 Textiles Prod. $1,917,777 $68,987
12 Dress Access. $59,351 $1,129,192
13 Glass & Stone Prod. $23,468 $924
14 Precious Metals/stones $5,979 $10,973
15 Base Metal Prod. $2,653,421 $6,642
16 Mach. Mech. Elec. Prod. $55,023,070 $1,475,769
17 Vehicles and Equip. $300,072,200 $2,339
18 Specialized Inst. $2,955,537 $17,269
19 Arms & Ammunition $ $
20 Misc. Articles $109,938 $7,573
21 Antiques $31,200 $10,874


March 2021
Sources include: Statistics Canada, IMF

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