Nigeria

Wikipedia Country Information

The Federal Republic of Nigeria , commonly referred to as Nigeria, is a federal republic in West Africa, bordering Benin in the west, Chad and Cameroon in the east, and Niger in the north. Its coast in the south lies on the Gulf of Guinea in the Atlantic Ocean. It comprises 36 states and the Federal Capital Territory, where the capital, Abuja is located. Nigeria is officially a democratic secular country.
Modern-day Nigeria has been the site of numerous kingdoms and tribal states over the millennia. The modern state originated from British colonial rule beginning in the 19th century, and the merging of the Southern Nigeria Protectorate and Northern Nigeria Protectorate in 1914. The British set up administrative and legal structures whilst practising indirect rule through traditional chiefdoms. Nigeria became a formally independent federation in 1960, and plunged into a civil war from 1967 to 1970. It has since alternated between democratically elected civilian governments and military dictatorships, until it achieved a stable democracy in 1999, with the 2011 presidential elections considered the first to be reasonably free and fair.
Nigeria is often referred to as the "Giant of Africa", owing to its large population and economy. With approximately 188 million inhabitants, Nigeria is the most populous country in Africa and the seventh most populous country in the world. Nigeria has one of the largest populations of youth in the world. The country is viewed as a multinational state, as it is inhabited by over 500 ethnic groups, of which the three largest are the Hausa, Igbo and Yoruba; these ethnic groups speak over 500 different languages, and are identified with wide variety of cultures. The official language is English. Nigeria is divided roughly in half between Christians, who live mostly in the southern part of the country, and Muslims in the northern part. A minority of the population practise religions indigenous to Nigeria, such as those native to the Igbo and Yoruba ethnicities.
As of 2015, Nigeria is the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively. It overtook South Africa to become Africa's largest economy in 2014. The 2013 debt-to-GDP ratio was 11 percent. Nigeria is considered to be an emerging market by the World Bank; it has been identified as a regional power on the African continent, a middle power in international affairs, and has also been identified as an emerging global power. Nigeria is a member of the MINT group of countries, which are widely seen as the globe's next "BRIC-like" economies. It is also listed among the "Next Eleven" economies set to become among the biggest in the world. Nigeria is a founding member of the African Union and a member of many other international organizations, including the United Nations, the Commonwealth of Nations and OPEC.


Instruments ratified: 140 / 282
World Average Ratifications: 114 / 282
Ratification rate: 50.29%
World Average Rate: 41.25%
Weighted score: 56.03%
World Average Weighted Score: 41.25%
World rank: 47 / 194
Developing country rank: 7 / 87
Developing country Avg. Ratifications: 109 / 282
Western Africa rank: 2 / 16
Western Africa Avg. Ratifications: 103 / 282
CONTRACTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Agency0/20.00%2.00%8Weak
Conflict of laws0/70.00%3.00%27Weak
E-commerce0/30.00%18.00%70Weak
Franchising0/10.00%0.00%1Average
Leasing/Factoring2/2 (100.00%)100.00%5.00%1Strong
Principles, trade usages and standards0/20.00%0.00%1Average
Procurement1/4 (25.00%)21.43%3.00%1Strong
Sale of Goods0/50.00%25.00%89Weak
Travel contracts0/10.00%3.00%7Weak
Total313.04%9.00%63Strong
 
CUSTOMSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Customs Codification2/3 (66.67%)100.00%78.00%1Strong
Customs Cooperation2/6 (33.33%)53.33%26.00%26Strong
Exemption from Duties4/9 (44.44%)51.85%30.00%53Strong
Temporary Admission3/11 (27.27%)38.24%28.00%59Strong
Transit2/4 (50.00%)72.73%28.00%17Strong
Total1352.17%31.00%41Strong
 
DISPUTE RESOLUTIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Arbitration2/6 (33.33%)50.00%32.00%29Strong
Judicial cooperation0/50.00%36.00%119Weak
Recognition of foreign judgments0/20.00%2.00%6Weak
State court jurisdiction0/40.00%14.00%29Weak
State court procedure0/10.00%6.00%12Weak
State immunities 0/10.00%11.00%22Weak
Total220.00%29.00%95Weak
 
ENVIRONMENT AND PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air4/5 (80.00%)80.00%86.00%59Weak
Chemicals1/1 (100.00%)100.00%78.00%1Strong
Energy0/20.00%25.00%50Weak
Flora and fauna7/10 (70.00%)71.74%68.00%72Weak
Foodstuff1/2 (50.00%)37.50%79.00%136Weak
General1/1 (100.00%)100.00%95.00%1Weak
International watercourses1/1 (100.00%)100.00%18.00%1Strong
Maritime and Law of the Sea19/26 (73.08%)70.65%46.00%38Strong
Protected geographical areas 0/10.00%27.00%54Weak
Waste1/1 (100.00%)100.00%93.00%1Weak
Total3571.35%61.00%53Strong
 
FINANCE, PAYMENTS AND INSOLVENCYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Assignment of receivables0/10.00%1.00%2Weak
Bankruptcy and insolvency0/10.00%21.00%41Weak
Bills of exchange and promissory notes0/40.00%8.00%43Weak
Cheques0/30.00%13.00%36Weak
Credit transfers0/10.00%0.00%1Average
International guarantees2/3 (66.67%)54.55%20.00%5Strong
Total214.63%12.00%52Strong
 
GOOD GOVERNANCE Inst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Corruption1/4 (25.00%)41.67%50.00%92Weak
Cultural Property4/4 (100.00%)100.00%54.00%1Strong
Drugs3/3 (100.00%)100.00%95.00%1Weak
Insider Trading0/10.00%4.00%9Weak
Organized crime2/2 (100.00%)100.00%80.00%1Strong
Total1084.62%68.00%20Strong
 
HUMAN RIGHTS AND LABOUR STANDARDSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Human Rights7/7 (100.00%)100.00%96.00%1Weak
Labour Standards8/8 (100.00%)100.00%86.00%1Strong
Total15100.00%91.00%1Average
 
INSTITUTIONAL PARTICIPATIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Dispute Resolution1/1 (100.00%)100.00%39.00%1Strong
International Trade Law 8/10 (80.00%)80.00%73.00%56Average
Trade support institutions4/6 (66.67%)66.67%51.00%56Strong
Total1376.47%63.00%61Strong
 
INTELLECTUAL PROPERTYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Broadcasting1/1 (100.00%)100.00%47.00%1Strong
Copyright1/3 (33.33%)45.45%65.00%112Weak
Industrial designs0/20.00%31.00%82Weak
Integrated circuits0/10.00%2.00%4Weak
Neighboring Rights1/3 (33.33%)38.46%46.00%85Weak
Origin0/30.00%14.00%51Weak
Patents3/5 (60.00%)61.90%57.00%79Weak
Trademarks0/60.00%33.00%124Weak
Varieties of plants0/10.00%37.00%73Weak
Total629.47%42.00%113Weak
 
INVESTMENTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Investment disputes1/2 (50.00%)50.00%39.00%2Strong
Investment guaranty1/1 (100.00%)100.00%93.00%1Weak
Total266.67%57.00%2Strong
 
PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Marine Resources1/1 (100.00%)100.00%24.00%1Strong
Timber1/1 (100.00%)100.00%31.00%1Strong
General1/1 (100.00%)100.00%92.00%1Weak
Total3100.00%53.00%1Strong
 
TRANSPORT AND TELECOMMUNICATIONSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air transport4/7 (57.14%)76.19%59.00%54Strong
Aircrafts and civil aviation 6/9 (66.67%)88.00%74.00%37Strong
Maritime shipping and load lines 12/13 (92.31%)97.14%66.00%1Strong
Maritime transport7/12 (58.33%)62.50%27.00%2Strong
Multi modal transport 0/20.00%4.00%15Weak
Rail transport0/30.00%22.00%50Weak
Road transport1/4 (25.00%)27.78%31.00%70Weak
Space3/4 (75.00%)83.33%40.00%16Strong
Telecommunications1/2 (50.00%)83.33%47.00%26Strong
Total3468.92%50.00%35Strong
 
TREATIES LAWInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
General1/4 (25.00%)41.67%30.00%41Strong
Total141.67%30.00%41Strong
 
WTOInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Plurilateral Agreements0/20.00%18.00%45Weak
WTO Agreements1/1 (100.00%)100.00%81.00%1Strong
Total145.45%47.00%45Weak
 
Strong
ContractsLeasing/Factoring
ContractsProcurement
CustomsCustoms Codification
CustomsCustoms Cooperation
CustomsExemption from Duties
CustomsTemporary Admission
CustomsTransit
Dispute resolutionArbitration
Environment and productsChemicals
Environment and productsInternational watercourses
Environment and productsMaritime and Law of the Sea
Finance, payments and insolvencyInternational guarantees
Good Governance Cultural Property
Good Governance Organized crime
Human Rights and Labour StandardsLabour Standards
Institutional ParticipationDispute Resolution
Institutional ParticipationTrade support institutions
Intellectual propertyBroadcasting
InvestmentsInvestment disputes
ProductsMarine Resources
ProductsTimber
Transport and telecommunicationsAir transport
Transport and telecommunicationsAircrafts and civil aviation
Transport and telecommunicationsMaritime shipping and load lines
Transport and telecommunicationsMaritime transport
Transport and telecommunicationsSpace
Transport and telecommunicationsTelecommunications
Treaties lawGeneral
WTOWTO Agreements
 
Average
ContractsFranchising
ContractsPrinciples, trade usages and standards
Finance, payments and insolvencyCredit transfers
Institutional ParticipationInternational Trade Law
 
Weak
ContractsAgency
ContractsConflict of laws
ContractsE-commerce
ContractsSale of Goods
ContractsTravel contracts
Dispute resolutionJudicial cooperation
Dispute resolutionRecognition of foreign judgments
Dispute resolutionState court jurisdiction
Dispute resolutionState court procedure
Dispute resolutionState immunities
Environment and productsAir
Environment and productsEnergy
Environment and productsFlora and fauna
Environment and productsFoodstuff
Environment and productsGeneral
Environment and productsProtected geographical areas
Environment and productsWaste
Finance, payments and insolvencyAssignment of receivables
Finance, payments and insolvencyBankruptcy and insolvency
Finance, payments and insolvencyBills of exchange and promissory notes
Finance, payments and insolvencyCheques
Good Governance Corruption
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour StandardsHuman rights
Intellectual propertyCopyright
Intellectual propertyIndustrial designs
Intellectual propertyIntegrated circuits
Intellectual propertyNeighboring Rights
Intellectual propertyOrigin
Intellectual propertyPatents
Intellectual propertyTrademarks
Intellectual propertyVarieties of plants
InvestmentsInvestment guaranty
ProductsGeneral
Transport and telecommunicationsMulti modal transport
Transport and telecommunicationsRail transport
Transport and telecommunicationsRoad transport
WTOPlurilateral Agreements

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