AT A GLANCE Politics: People's Democratic Party (PDP) has dominated since the return to civilian rule in 1999. Economy: Nigeria is Africa's leading oil producer; more than half of its people live in poverty International: Nigeria plays a prominent role in African affairs; has withdrawn troops from oil-rich Bakassi peninsula to settle border dispute with Cameroon |
The government is striving to boost the economy, which experienced an oil boom in the 1970s and is once again benefiting from high prices on the world market. But progress has been undermined by corruption and mismanagement.
The former British colony is one of the world's largest oil producers, but the industry has produced unwanted side effects.
The trade in stolen oil has fuelled violence and corruption in the Niger delta - the home of the industry. Few Nigerians, including those in oil-producing areas, have benefited from the oil wealth.
In 2004, Niger Delta activists demanding a greater share of oil income for locals began a campaign of violence against the oil infrastructure, threatening Nigeria's most important economic lifeline.
Nigeria is keen to attract foreign investment but is hindered in this quest by security concerns as well as by a shaky infrastructure troubled by power cuts
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