The Nigerian Investment Promotion Commission (NIPC) has published a choice of investment announcements in Nigeria covering the period of January to December 2017 totaling 66.36
Nigeria at a Glance
Nigeria is the largest economy in Africa and, according to Goldman Sachs, one the next 11 countries with a high potential of becoming among the world’s largest economies in the 21st century.
Nigeria is the most populous country in Africa with 188.5 million people estimated to be 480 million by 2050. It is a youthful population. Over 36% are between 15-35 years.
Nigeria is advantageously located in the Gulf of Guinea with direct freight access to North America, South America, Europe, and Asia. Nigeria can be the production hub to access the developed markets of North America and Europe, which have a combined GDP of over US$43 trillion.
Nigeria has over 17 years of unbroken democratic rule. In 2015, Nigeria recorded another first where political power seamlessly transitioned from an incumbent to an opposition party. There is an active engagement by the three arms of government, a free and robust press, and active civil society organisations.
Nigeria has a workforce of about 77 million people, accounting for about 42 percent of the total population. There is a rich pool of Nigerians with tertiary degrees with about 1.8 million graduates entering the labour market every year.
Nigeria is a top global producer of a number of natural resources: cassava, cocoa, tomatoes, etc. It is has over 84 million hectares of arable land, 230 billion cubic meters of water, abundant and reliable rainfall in over two thirds of its territory and has some of the richest natural resources for agricultural production in the world
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Why Invest Nigeria?
Government reforms are already having an impact on Nigeria’s business environment.
In just 5 years, Nigeria’s economy has made remarkable strides.
The low cost of doing business in Nigeria makes it extremely attractive for a lot of investors.
High literacy rate, top number of Engineering graduates in Nigeria.
SABMiller, the largest breweries in the world which was acquired by Anheuser-Busch InBev (AB InBev) a Brazilian-Belgian Group headquartered in Leuven, Belgium, currently leads 19