The coat of arms of Nigeria has a black shield with two white lines that form in a "Y" shape. The black shield represents Nigeria's fertile soil, while the two horses or chargers on each side represent dignity. The eagle represents strength, while the green and white bands on the top of the shield represent the rich soil.

The red flowers at the base are Costus spectabilis, Nigeria's national flower. This flower was chosen for inclusion in the coat of arms as it is found all over Nigeria and also stand for the beauty of the nation. The white wavy pall represents the Niger and the Benue. On the banderole around the base is Nigeria's national motto since 1978: "Unity and Faith, Peace and Progress" (long motto) formerly "Peace, Unity, Freedom" (short motto).

Value flanked by oil derricks.