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Economy Overview
Economy Overview

Nigeria is the most populous country in Africa, with more than 179 million residents and an economy that is the biggest in Africa. Nigeria’s gross domestic product is estimated to be USD 594.257 billion in 2014.

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FDI Overview
FDI Overview

Foreign investors ploughed an unprecedented USD12.4 billion into the Nigerian economy in 2007 (World Investment Report 2008 – UNCTAD). Not an insubstantial sum at a time when more mature world economies were showing the first vital signs of a painful and protracted slowdown. But it is perhaps not surprising, taken in its proper context, that international confidence should be growing in a country which, as recently as August 2008, was tipped by one financial services group would boost its GDP to USD216.4 billion this year, some 30% higher than 2007.

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Industry Overview
Industry Overview

Since the 1970s, Nigeria has neglected its manufacturing base, choosing instead to depend on the revenues from its oil and gas reserves to drive its economy. But Nigeria’s manufacturing industry is attracting more foreign investment than ever before, and as the government pushes to increase the sector’s share of GDP, there are many positive indicators for the future of manufacturing in Nigeria.

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Solid Minerals Overview
Solid Minerals Overview

Mining continues to dominate that dubious category of Nigeria’s ‘second tier’ of industrial endeavour. Dwarfed by the contribution of oil to the nation’s GDP (3% of the world’s oil supplies come from Africa’s most populous nation) the solid minerals sector has been characterised more by its economic potential than its ability to deliver tangible wealth in recent years.

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Tourism Overview
Tourism Overview

Nigeria’s nascent tourism industry can be likened to the country itself: having diverse and chiefly unrealised potential, a landscape rich in cultural heritage and history. Both are unmistakeable uncut diamonds of opportunity and investment.

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