- Anthem: «Arise, O Compatriots» is the national anthem of Nigeria. It was adopted in the late 1970s.
- Official languages: English.
- Geographical location: it is a federal republic in West Africa, bordering Niger in the north, Chad in the northeast, Cameroon in the southeast, and Benin in the west.
- Administrative divisions: Nigeria is divided into thirty-six states and one Federal Capital Territory, which are further sub-divided into 774 Local Government Areas.
- Capital: Abuja.
- Governance: Nigeria is a federal republic, with executive power exercised by the president. The president is the head of state, the head of government, and the head of a multi-party system. Nigerian politics takes place within a framework of a federal, presidential, representative democratic republic, in which executive power is exercised by the government. Legislative power is held by the real government and the two chambers of the legislature: the House of Representatives and the Senate. The highest judiciary arm of government in Nigeria is the Supreme Court of Nigeria.
- Population: 167 million.
- Currency: Naira.
- GDP: $272.6 billion.
- Time zone: GMT +1.
- Telephone code: +234.
- Barcode: 566.
Trade and economic cooperation between Belarus and Nigeria
So far, Nigeria has the largest population (190 million of people) and the biggest GDP in Africa, which amounted to $405.1 billion in 2017 according to the World Bank. It is also one of the most resource-rich African countries.
In addition, Nigeria is the largest oil producer in Africa (about 2 million barrels per day) and is among the world's top five exporters of liquefied gas, so its GDP grows on average by 7% per year.
Trade and economic relations between Belarus and Nigeria have resulted in robust exports of chemical, petrochemical, metal, textile products and printed goods. Some progress has been made in exports of advanced technology products. The Belarusian Trade Agency, opened at Lagos Trade Fair Complex in 2014, and participation of OJSC MAZ and OJSC MTZ in the international trade and agricultural exhibitions have contributed to increasing Belarusian exports to this country.
Nowadays, the following Belarusian companies supply their goods to Nigeria: JSC Belarusian Potash Company, Belneftekhim Concern, OJSC Grodno Azot, OJSC Belarusian Steel Works as well as subordinate enterprises of the Ministry of Industry and Minsk City Executive Committee.
Belarus mainly imports fruits, rubber, hides and skins of bovine, spices from Nigeria.
If Belarusian companies want to supply their goods to this country, they should take into account, that Nigeria is a member of the Economic Community of West African States, so they should pay an extra duty to the value of 0.5% of GIF price.
In order to export their products to Nigeria, Belarusian companies shall register with the National Agency for Food and Drug Administration (NAFDAC), which is the main authority authorized to regulate and control imports, advertising, distribution, sale and use of food products and medicaments in the country.
Belarus considers Nigeria as a promising, fast-growing and large market.
Belarus's most valuable products, imported by Nigeria:
- Potassic fertilizers ($13.6 million);
- Processed petroleum oils ($4.3 million);
- Printed goods ($1 million).
Belarusian exports of services to Nigeria amounted to $3.5115 billion in 2017, including educational services ($2.6356 billion) and transport services ($630.8 thousand).
Nigeria's most valuable products, imported by Belarus:
- Rubber — $2.7 million;
- Cotton — $1.1 million.
Belarus's most promising products to export to Nigeria:
- Milk concentrated and in powder, cheese, yogurt;
- Sunflower oil;
- Preserved fish (except herring);
- Confectionery (candies, biscuits, marshmallow);
- Wines, liqueurs;
- Chlorine to purify water;
- Building paints, varnishes;
- Cosmetics, perfumes and toilet waters;
- Constructional elements, plates, tubes, hoses of plastics;
- Tubes, pipes, hoses of rubber;
- Handbags, suitcases;
- Napkins, towels of paper;
- Stationery of paper and paperboard;
- Carpets (prayer rugs);
- Knitted clothing;
- Bed linen, table linen, toilet linen and kitchen linen;
- Curtains, drapes;
- Tarpaulins, awnings and sunblinds;
- Women's wigs;
- Sanitary ware;
- Containers for compressed or liquefied gas;
- Aluminium structures;
- Tool kits for retail trade;
- Switchboards; refrigerators, freezers;
- Road construction and construction machinery;
- Agricultural machinery and mowers;
- Electrical transformers;
- Uninterruptible power systems;
- Power-driven pumps;
- Microphones, loudspeakers, sound amplifiers;
- Video recording apparatus;
- Radio navigational aid apparatus; monitors and projectors;
- Insulated wire, cables;
- Optical fibre cables; motorcycles;
- Instruments and apparatus;
- Children's toys.
Promising areas of cooperation:
- Supplies of machinery;
- Construction of the plants to assembly machinery, mainly agricultural machinery;
- Participation in the infrastructure projects in energy, water supply and transport;
- Creation of the companies to cultivate and process agricultural products;
- Supplies of the high value-added products;
- Food exports;
- Creation of the joint educational institutions in the third countries, collaboration between the universities.
This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the Federal Republic of Nigeria, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Nigeria for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.
When using the materials of this article, the link to Export.by is obligatory.
Administration of Export.by