Doing Business in Nigeria. Foreign trade. Nigerian economy

Learning unit: Foreign trade and business in Nigeria. Syllabus:

- Introduction to Nigeria.
- Nigerian economy. Foreign trade: exports and imports. CEN-SAD. ECOWAS.
- Main sectors: oil, gas, minerals, agriculture, information and telecommunications, tourism, manufacturing, mining, infrastructures.
- Doing business and invest in Nigeria. FDI.
- Import export formalities. Export processing (Free trade zones).
- Case study: Transnational corporation, Nigerian breweries, Churchgate Group, Starcomms.

Course learning materials

Courses and Masters
Course West Africa - Master Africa - Master in International Business for Nigerian students. (Es): Nigeria

Course summary (Business in Nigeria)

The Federal Republic of Nigeria, is rich in natural resources (huge deposit of oil and gas, bitumen), has had unpleasant experience of political unsteadiness, corruption and poor macroeconomic management. Basic socio-Economic infrastructure is also unsuitable.

Nigeria is a leading petroleum manufacturer and exporter. Nigeria is the 13th biggest oil producer of the world and the 8th biggest exporter of oil. Nigeria has one of the biggest proven natural gas and petroleum reserves of the world. Nigeria is a founding member of .
Nigerian Government is implementing a strategic shift of the economy from excessive dependence on the capital intensive oil sector (20% of Gross domestic product, 95% of foreign exchange earnings and 65% of Nigerian budget.
Nigeria has a vast international market (162 million people), is the most populous nation in Africa. Nigeria is 10th biggest by population in the world.
Important changes are taken to reform the Foreign direct investment (FDI) environment and the facilitation to Doing business in the Federal Republic of Nigeria.

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

Community of Sahel-Saharan States (CEN-SAD)
Economic Community of West African States (ECOWAS)
Nigeria is beneficiary of the Africa Growth and Opportunity Act (AGOA) - United States - and of the Cotonou Agreement (European Union).

Example of the course doing business in Nigeria:
Nigeria Business

Scholarships Nigeria

Nigeria is a member of: United Nations, World Trade Organization (WTO), International Monetary Fund (IMF), World Bank, African Development Bank (AfDB), Economic Community of West African States (ECOWAS), African Union (AU), Commonwealth, Organization of the Islamic Conference (OIC), Islamic Development Bank, Economic Commission for Africa (UNECA), New Partnership for Africa's Development (NEPAD).

Nigeria borders of the the Federal Republic of Nigeria: Benin, Chad, Cameroon, Niger.

Languages: English (official), Hausa, Yoruba, Igbo (Ibo), Fulani.

Religion. In the north of Nigeria: Muslim, in the South East: Christians.

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