Illicit drugs: passenger and cargo air hub for West Africa; facilitates movement of heroin en route from Southeast and Southwest Asia to Western Europe and North America; increasingly a transit route for cocaine from South America intended for West European, East Asian, and North American markets
Exports: $9.9 billion (f.o.b., 1993) commodities: oil 98%, cocoa, rubber partners: US 52%, EC 34%
Imports: $7.5 billion (c.i.f., 1993) commodities: machinery, transportation equipment, manufactured goods, chemicals, food and animals partners: EC 50%, US 13%, Japan 7%
External debt: $32.5 billion (1993)
Economic aid: recipient: ODA, $NA
Currency: 1 naira (N) = 100 kobo
Exchange rates: naira (N) per US$1 - 21.886 (January 1996), 21.895 (1995), 21.996 (1994), 22.065 (1993), 17.298 (1992), 9.909 (1991)
Fiscal year: calendar year
Transportation ———————
Railways:
total: 3,557 km (1995)
narrow gauge: 3,505 km 1.067-m gauge
standard gauge: 52 km 1.435-m gauge