Why Invest in Nigeria?

According to world-leading investment firm, Goldman Sachs, Nigeria is Africa’s largest economy with a booming population of over 200 million, 36% between the ages of 15-35 years. Estimated to grow to 480 million by 2050, it is fast becoming one of Africa’s top economies to watch. Our mission at NIG is to showcase the immense investment opportunities available to both local and international investors and to foster international relations necessary for sustainable growth and development.

Geographically speaking, Nigeria is one of eight countries located in the Gulf of Guinea, the maritime area located in the western part of the African continent, bordering the Atlantic Ocean. The Gulf of Guinea offers direct freight access to North America, South America, Europe, and Asia with a combined GDP of over US$43 trillion.

Nigeria is currently a destination with the highest Foreign Direct Investment (FDI) in Africa and holds a special attraction for savvy investors from across the globe keen to capitalise on a GDP estimated to grow to over 750 billion by 2022.

Resources like minerals, agricultural produce and human capital are some examples of Nigeria’s vast under-tapped opportunities and market potential in the growing West African sub-region and sub-Saharan Africa. The government of Nigeria has invested in creating an enabling environment for business, investors and industrial ventures by ensuring the streamlining and modernisation of administrative and bureaucratic procedures, and implementation of policies and programmes that guarantee a free market economy and low corporate tax.

Nigeria enjoys a dynamic private sector, which has assumed greater responsibility under the new economic environment attracting investment into Nigeria. Exchange control regulations have been liberalized to ensure a free flow of international finance and Foreign Direct Investment guaranteeing unrestricted movement of investment capital. Nigeria also boasts a well-developed banking and financial sector with easy access to working capital and other credit facilities. There is an abundance of skilled labour at a fraction of costs compared to developed economies, resulting in very low production costs; among the lowest in Africa.

Keen to increase sustainable growth and development, Nigeria has begun a structural transformation from a mono-product economy to a diversified and industrialised one. This is evidenced by the development of physical and industrial infrastructure like transportation, telecommunications, electricity and water supply.

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