Business in Nigeria, Lagos

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Syllabus of the Subject: Foreign Trade and Business in Nigeria. Nigerian Economy (Master, Doctorate).

Introduction to the Federal Republic of Nigeria (West Africa)
Nigerian Economy
Main sectors of the Nigerian Economy:
1. Petrol and gas
2. Minerals
3. Nigerian Agriculture
4. Information and telecommunications
5. Tourism
6. Manufacturing
7. Infrastructures
International Trade of Nigeria
1. Import/Export formalities
2. Export processing (Free trade zones)
Nigerian Ports. Port of Lagos
Doing Business and invest in Abuja, Lagos, Kano, Ibadan, Kaduna, Maiduguri, and Port Harcourt
Foreign Direct Investment (FDI) in Nigeria
Case Study
1. Transnational corporation
2. Nigerian breweries
3. Churchgate Group
4. Starcomms
5. Online Nigerian retail sites
Access to the Nigerian Market
Business Plan for Nigeria

Nigerian Businessman:

Nigerian personalities:

The objectives of the Subject “Foreign Trade and Business in the Federal Republic of Nigeria” are the following:

To analyse the Nigerian economy and foreign trade
To know the business opportunities in Nigeria
To explore the Nigerian trade relations with the country of the student
To know the Nigerian Free Trade Agreements
To examine the profile of the Nigerian Businessman
To develop a business plan for the Nigerian Market

The Subject “Doing Business in Nigeria” belongs to the following Online Higher Education Programs taught by EENI Global Business School:

Doctorates: African Business, Islamic Business, Global Trade
Masters: Business in Sub-Saharan Africa, International Business, Foreign Trade, Muslim Countries
Diploma: Business in West Africa

Students, Online Master in International Business

Masters and Doctorates in International Business adapted to the Nigerian Students

Learning materials in or Nigeria Nigeria Nigeria

Credits of the Subject “Foreign Trade and Business in Nigeria”: 3
Duration: three weeks

Area of Knowledge: Africa

Example of the Subject - Doing Business in Nigeria:
Alhaji Aliko Dangote Nigerian Businessman, Course

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Description of the Subject: Doing Business in Nigeria.

In 2050, 20% of the African children's under eighteen will live in Nigeria. Nigerian population in 2100: 1,000 million people.

Folorunsho Alakija Nigerian Businesswoman (Course Master)

The Federal Republic of Nigeria is the most populous African Country (eleventh in the World), with a population of 176 million Nigerians (annual growth: 2.3%).

Nigerian population: 190 million inhabitants
40% of the population are Hausa, Ibo, and Yoruba, the three major ethnic groups in Nigeria
1. Fula
Borders of the Federal Republic of Nigeria: Benin, Chad, Cameroon, and Niger
The capital of Nigeria is Abuja
The largest Nigerian city is Lagos
The largest Nigerian cities are Abuja, Lagos, Kano, Ibadan, Kaduna, Benin City, Maiduguri, Ogbomosho, Zaria, Ilorin and Port Harcourt
The total Nigerian area: 923,768 square kilometres
Independence of Nigeria: October 1960 from the United Kingdom
The currency of Nigeria is the Naira
English is the Nigerian official language
The main Nigerian languages are Hausa, Yoruba and Igbo (Ibo), and Fulani

Logistics Course: Port of Lagos Nigeria

More information about Nigeria (African Portal - EENI Global Business School).

Africa: Foreign Trade and Business (Master)

Religions in Nigeria:

Islam (50% of the Nigerian population, 64 million)
Christianity:
1. Catholicism (3 million)
2. Protestants (34 million, 26% of the Nigerian population)
  1. Methodists: 3 million
  2. Baptists: 2.5 million
African Traditional Religions

Approximately between 64 and 88 million of Nigerians are Sunni Muslims, representing roughly the half of the Nigerian population. The most followed school of law is Maliki, about 12% of Muslims are Shiites. The rest of the population is Christian and/or followers of the African Traditional Religions. As a general rule; we could say that the northern Nigeria tends to be Muslim, while the south is Christian.

In Nigeria, the Sharia has been established as the main body of civil and criminal law in nine Nigerian states with a Muslim-majority.

Nigeria belongs to the West African Economic Area (African Civilisation).

Nigerian Economy

Nigeria: The largest African Economy. The first frontier market in the World

Nigeria is the largest African economy (GDP: 522 billion dollars), followed by South Africa
Nigeria is the first frontier market in the World
Nigeria is the dominant economy in West Africa, with more than 76.5 percent of the population and 85.6 percent of the GDP of the region
The Federal Republic of Nigeria is a petroleum-based economy, a sector that contributes to 20 percent of the GDP, 80 percent of the total revenues and 90 percent of the foreign exchange earnings
Petroleum revenues constitute 60% of the GDP and 90% of the Nigerian exports
The Federal Republic of Nigeria is rich in natural resources (huge petrol and gas deposits, bitumen)
Nigeria has had the unpleasant experience of political unsteadiness, corruption, and poor Macroeconomics management
Basic socio-economic infrastructure is also unsuitable
Nigeria is a leading petroleum manufacturer and exporter
Nigeria is the thirteenth largest petroleum producer in the World and the eighth largest petroleum exporter
Nigeria has one of the largest proven natural gas and petroleum reserves in the World
The Nigerian Government is implementing a strategic shift of the economy from the excessive dependence on capital-intensive petrol sector (20% of the gross domestic product, 95% of the foreign exchange earnings and 65% of the Nigerian budget)
Nigeria has a vast local market
Nigeria is the most populous nation in Africa. Nigeria is the tenth largest country in the world by population
Significant changes are taken to reform the foreign direct investment environment and business facilitation in the Federal Republic of Nigeria
Nigeria has strong informal trade with Benin through the Port of Cotonou
Nigeria is vital for the European Union (EU). The Nigerian exports to the European Union are mainly agricultural products and petroleum

However, do business in Nigeria is complex, and it is necessary to know how to negotiate in this country. Furthermore, the famous fraud “419,” now called Advance Fee Fraud has made the image of Nigeria abroad very negative

The Federal Republic of Nigeria has preferential market access to several Sub-Saharan Africa regional trade blocs.

Nigerian Trade Agreements: Economic Community of West African States (ECOWAS), West African Monetary Zone (WAMZ), Community of Sahel-Saharan States (CEN-SAD), Africa Growth and Opportunity Act (AGOA), European Union, Trade Preferential System (TPS-OIC)...