Nigeria

Abstract

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. It experienced a civil war from 1967 to 1970. It then 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 186 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, who live mostly in the north. 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.


Summary
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
Comparative Statistical Analysis
CONTRACTS Inst. ratified Country score World avg. score Country rank in world Strength
Agency 0/2 0.00% 2.00% 8 Weak
Conflict of laws 0/7 0.00% 3.00% 27 Weak
E-commerce 0/3 0.00% 18.00% 70 Weak
Franchising 0/1 0.00% 0.00% 1 Average
Leasing/Factoring 2/2 (100.00%) 100.00% 5.00% 1 Strong
Principles, trade usages and standards 0/2 0.00% 0.00% 1 Average
Procurement 1/4 (25.00%) 21.43% 3.00% 1 Strong
Sale of Goods 0/5 0.00% 25.00% 89 Weak
Travel contracts 0/1 0.00% 3.00% 7 Weak
Total 3 13.04% 9.00% 63 Strong
 
CUSTOMS Inst. ratified Country score World avg. score Country rank in world Strength
Customs Codification 2/3 (66.67%) 100.00% 78.00% 1 Strong
Customs Cooperation 2/6 (33.33%) 53.33% 26.00% 26 Strong
Exemption from Duties 4/9 (44.44%) 51.85% 30.00% 53 Strong
Temporary Admission 3/11 (27.27%) 38.24% 28.00% 59 Strong
Transit 2/4 (50.00%) 72.73% 28.00% 17 Strong
Total 13 52.17% 31.00% 41 Strong
 
DISPUTE RESOLUTION Inst. ratified Country score World avg. score Country rank in world Strength
Arbitration 2/6 (33.33%) 50.00% 32.00% 29 Strong
Judicial cooperation 0/5 0.00% 36.00% 119 Weak
Recognition of foreign judgments 0/2 0.00% 2.00% 6 Weak
State court jurisdiction 0/4 0.00% 14.00% 29 Weak
State court procedure 0/1 0.00% 6.00% 12 Weak
State immunities 0/1 0.00% 11.00% 22 Weak
Total 2 20.00% 29.00% 95 Weak
 
ENVIRONMENT AND PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Air 4/5 (80.00%) 80.00% 86.00% 59 Weak
Chemicals 1/1 (100.00%) 100.00% 78.00% 1 Strong
Energy 0/2 0.00% 25.00% 50 Weak
Flora and fauna 7/10 (70.00%) 71.74% 68.00% 72 Weak
Foodstuff 1/2 (50.00%) 37.50% 79.00% 136 Weak
General 1/1 (100.00%) 100.00% 95.00% 1 Weak
International watercourses 1/1 (100.00%) 100.00% 18.00% 1 Strong
Maritime and Law of the Sea 19/26 (73.08%) 70.65% 46.00% 38 Strong
Protected geographical areas 0/1 0.00% 27.00% 54 Weak
Waste 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 35 71.35% 61.00% 53 Strong
 
FINANCE, PAYMENTS AND INSOLVENCY Inst. ratified Country score World avg. score Country rank in world Strength
Assignment of receivables 0/1 0.00% 1.00% 2 Weak
Bankruptcy and insolvency 0/1 0.00% 21.00% 41 Weak
Bills of exchange and promissory notes 0/4 0.00% 8.00% 43 Weak
Cheques 0/3 0.00% 13.00% 36 Weak
Credit transfers 0/1 0.00% 0.00% 1 Average
International guarantees 2/3 (66.67%) 54.55% 20.00% 5 Strong
Total 2 14.63% 12.00% 52 Strong
 
GOOD GOVERNANCE Inst. ratified Country score World avg. score Country rank in world Strength
Corruption 1/4 (25.00%) 41.67% 50.00% 92 Weak
Cultural Property 4/4 (100.00%) 100.00% 54.00% 1 Strong
Drugs 3/3 (100.00%) 100.00% 95.00% 1 Weak
Insider Trading 0/1 0.00% 4.00% 9 Weak
Organized crime 2/2 (100.00%) 100.00% 80.00% 1 Strong
Total 10 84.62% 68.00% 20 Strong
 
HUMAN RIGHTS AND LABOUR STANDARDS Inst. ratified Country score World avg. score Country rank in world Strength
Human Rights 7/7 (100.00%) 100.00% 96.00% 1 Weak
Labour Standards 8/8 (100.00%) 100.00% 86.00% 1 Strong
Total 15 100.00% 91.00% 1 Average
 
INSTITUTIONAL PARTICIPATION Inst. ratified Country score World avg. score Country rank in world Strength
Dispute Resolution 1/1 (100.00%) 100.00% 39.00% 1 Strong
International Trade Law 8/10 (80.00%) 80.00% 73.00% 56 Average
Trade support institutions 4/6 (66.67%) 66.67% 51.00% 56 Strong
Total 13 76.47% 63.00% 61 Strong
 
INTELLECTUAL PROPERTY Inst. ratified Country score World avg. score Country rank in world Strength
Broadcasting 1/1 (100.00%) 100.00% 47.00% 1 Strong
Copyright 1/3 (33.33%) 45.45% 65.00% 112 Weak
Industrial designs 0/2 0.00% 31.00% 82 Weak
Integrated circuits 0/1 0.00% 2.00% 4 Weak
Neighboring Rights 1/3 (33.33%) 38.46% 46.00% 85 Weak
Origin 0/3 0.00% 14.00% 51 Weak
Patents 3/5 (60.00%) 61.90% 57.00% 79 Weak
Trademarks 0/6 0.00% 33.00% 124 Weak
Varieties of plants 0/1 0.00% 37.00% 73 Weak
Total 6 29.47% 42.00% 113 Weak
 
INVESTMENTS Inst. ratified Country score World avg. score Country rank in world Strength
Investment disputes 1/2 (50.00%) 50.00% 39.00% 2 Strong
Investment guaranty 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 2 66.67% 57.00% 2 Strong
 
PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Marine Resources 1/1 (100.00%) 100.00% 24.00% 1 Strong
Timber 1/1 (100.00%) 100.00% 31.00% 1 Strong
General 1/1 (100.00%) 100.00% 92.00% 1 Weak
Total 3 100.00% 53.00% 1 Strong
 
TRANSPORT AND TELECOMMUNICATIONS Inst. ratified Country score World avg. score Country rank in world Strength
Air transport 4/7 (57.14%) 76.19% 59.00% 54 Strong
Aircrafts and civil aviation 6/9 (66.67%) 88.00% 74.00% 37 Strong
Maritime shipping and load lines 12/13 (92.31%) 97.14% 66.00% 1 Strong
Maritime transport 7/12 (58.33%) 62.50% 27.00% 2 Strong
Multi modal transport 0/2 0.00% 4.00% 15 Weak
Rail transport 0/3 0.00% 22.00% 50 Weak
Road transport 1/4 (25.00%) 27.78% 31.00% 70 Weak
Space 3/4 (75.00%) 83.33% 40.00% 16 Strong
Telecommunications 1/2 (50.00%) 83.33% 47.00% 26 Strong
Total 34 68.92% 50.00% 35 Strong
 
TREATIES LAW Inst. ratified Country score World avg. score Country rank in world Strength
General 1/4 (25.00%) 41.67% 30.00% 41 Strong
Total 1 41.67% 30.00% 41 Strong
 
WTO Inst. ratified Country score World avg. score Country rank in world Strength
Plurilateral Agreements 0/2 0.00% 18.00% 45 Weak
WTO Agreements 1/1 (100.00%) 100.00% 81.00% 1 Strong
Total 1 45.45% 47.00% 45 Weak
 
Strengths and Weakness
Strong
Contracts Leasing/Factoring
Contracts Procurement
Customs Customs Codification
Customs Customs Cooperation
Customs Exemption from Duties
Customs Temporary Admission
Customs Transit
Dispute resolution Arbitration
Environment and products Chemicals
Environment and products International watercourses
Environment and products Maritime and Law of the Sea
Finance, payments and insolvency International guarantees
Good Governance Cultural Property
Good Governance Organized crime
Human Rights and Labour Standards Labour Standards
Institutional Participation Dispute Resolution
Institutional Participation Trade support institutions
Intellectual property Broadcasting
Investments Investment disputes
Products Marine Resources
Products Timber
Transport and telecommunications Air transport
Transport and telecommunications Aircrafts and civil aviation
Transport and telecommunications Maritime shipping and load lines
Transport and telecommunications Maritime transport
Transport and telecommunications Space
Transport and telecommunications Telecommunications
Treaties law General
WTO WTO Agreements
 
Average
Contracts Franchising
Contracts Principles, trade usages and standards
Finance, payments and insolvency Credit transfers
Institutional Participation International Trade Law
 
Weak
Contracts Agency
Contracts Conflict of laws
Contracts E-commerce
Contracts Sale of Goods
Contracts Travel contracts
Dispute resolution Judicial cooperation
Dispute resolution Recognition of foreign judgments
Dispute resolution State court jurisdiction
Dispute resolution State court procedure
Dispute resolution State immunities
Environment and products Air
Environment and products Energy
Environment and products Flora and fauna
Environment and products Foodstuff
Environment and products General
Environment and products Protected geographical areas
Environment and products Waste
Finance, payments and insolvency Assignment of receivables
Finance, payments and insolvency Bankruptcy and insolvency
Finance, payments and insolvency Bills of exchange and promissory notes
Finance, payments and insolvency Cheques
Good Governance Corruption
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour Standards Human rights
Intellectual property Copyright
Intellectual property Industrial designs
Intellectual property Integrated circuits
Intellectual property Neighboring Rights
Intellectual property Origin
Intellectual property Patents
Intellectual property Trademarks
Intellectual property Varieties of plants
Investments Investment guaranty
Products General
Transport and telecommunications Multi modal transport
Transport and telecommunications Rail transport
Transport and telecommunications Road transport
WTO Plurilateral Agreements
Instruments ratifications

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