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
- 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 .
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
- 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
Example of the course doing business in 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,
Languages: English (official), Hausa,
Yoruba, Igbo (Ibo), Fulani.
Religion. In the north of Nigeria: Muslim,
in the South East: Christians.