Executive branch: chief of state: President Olusegun OBASANJO (since 29 May 1999); note - the president is both the chief of state and head of government head of government: President Olusegun OBASANJO (since 29 May 1999); note - the president is both the chief of state and head of government cabinet: Federal Executive Council elections: president is elected by popular vote for no more than two four-year terms; election last held 27 February 1999 (next to be held NA 2003) election results: Olusegun OBASANJO (PDP) elected president; percent of vote - Olusegun OBASANJO 62.8%, Olu FALAE (APP-AD) 37.2%
Legislative branch: bicameral National Assembly consists of Senate (109 seats, three from each state and one from the Federal Capital Territory; members elected by popular vote to serve four-year terms) and House of Representatives (360 seats, members elected by popular vote to serve four-year terms) elections: Senate - last held 20-24 February 1999 (next to be held NA 2003); House of Representatives - last held 20-24 February 1999 (next to be held NA 2003) election results: Senate - percent of vote by party - PDP 58%, APP 23%, AD 19%; seats by party - PDP 65, APP 24, AD 20; House of Representatives - percent of vote by party - PDP 58%, APP 30%, AD 12%; seats by party - PDP 215, APP 75, AD 70
Judicial branch: Supreme Court, judges appointed by the Provisional Ruling Council; Federal Court of Appeal, judges are appointed by the federal government on the advice of the Advisory Judicial Committee
Political parties and leaders: All People's Party or APP [Alhaji Yusuf
ALI]; Alliance for Democracy or AD ; People's Democratic
Party or PDP
International organization participation: ACP, AfDB, C, CCC, ECA,
ECOWAS, FAO, G-15, G-19, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICRM, IDA,
IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol,
IOC, ISO, ITU, MINURSO, NAM, OAU, OPCW, OPEC, PCA, UN, UNCTAD, UNESCO,
UNHCR, UNIDO, UNIKOM, UNITAR, UNMIBH, UNMIK, UNMOP, UNMOT, UNU, UPU,
WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador Jibril AMINU chancery: 1333 16th Street NW, Washington, DC 20036 telephone: (202) 986-8400 FAX: (202) 775-1385 consulate(s) general: Atlanta and New York
Diplomatic representation from the US: chief of mission: Ambassador William H. TWADDELL embassy: 2 Walter Carrington Crescent, Lagos mailing address: P. O. Box 554, Lagos telephone: (1) 261-0097 FAX: (1) 261-0257
Flag description: three equal vertical bands of green (hoist side), white, and green
@Nigeria:Economy
Economy - overview: The oil-rich Nigerian economy, long hobbled by political instability, corruption, and poor macroeconomic management, is undergoing substantial economic reform under the new civilian administration. Nigeria's former military rulers failed to diversify the economy away from overdependence on the capital-intensive oil sector, which provides 20% of GDP, 95% of foreign exchange earnings, and about 65% of budgetary revenues. The largely subsistence agricultural sector has not kept up with rapid population growth, and Nigeria, once a large net exporter of food, now must import food. In 2000, Nigeria is likely to receive a debt-restructuring deal with the Paris club and a $1 billion loan from the IMF, both contingent on economic reforms. Increased foreign investment combined with high world oil prices should push growth to over 5% in 2000-01.