Business in Nigeria. Foreign trade. Nigerian economy exports

Course summary (Business in Nigeria)

Doing business in Lagos Nigeria: oil, gas, minerals, agriculture, information and telecommunications, tourism, manufacturing, mining, infrastructures. FDI

Nigeria, endowed with Natural resources – huge deposit of oil & gas, bitumen and other mineral resources, has had unpleasant experience of political instability, corruption, and poor macroeconomic management. Basic socio-economic infrastructure is also inadequate.

The present administration, on assumption of office in May 1999, was convinced of the need for a drastic departure from the ‘business as usual’ syndrome in the polity of the nation. Major steps had therefore been taken to reform both the investment environment and the act of Doing business in The economy.

Nigeria offers the market in sub-Saharan Africa, with a population of about 140 million people. The Nigerian market potential also stretches into the growing West African sub-region. Nigeria is Africa’s most populous country and the tenth largest by population, in the world.

Government is also implementing a strategic shift of the economy from over-dependence on the capital-intensive oil sector, which provides 20% of GDP, 95% of foreign exchange earnings, and about 65% of budgetary revenues.

Example of the course Business in Nigeria:

Scholarships Nigeria

The largely subsistence agricultural sector is being rapidly empowered to engineer a swift shift to mechanized farming capable of sustaining export and local consumption.

Nigeria is a leading petroleum producer and exporter. It is the 13th largest producer of petroleum in the world and the 8th largest exporter. Nigeria also has one of the world's largest proven natural gas and petroleum reserves and is a founding member of OPEC.

Nigeria is a member of: United Nations, World Trade Organization (WTO), International Monetary Fund (IMF), World Bank, African Development Bank (AfDB); Organization of Petroleum exporting countries (OPEC), Economic Community of West African States (ECOWAS), African Union (AU), Commonwealth, Organization of the Islamic Conference (OIC) among others. Nigeria is beneficiary of the Africa Growth and Opportunity Act (AGOA) and of the Cotonou Agreement (European Union). Islamic Development Bank.

Nigeria borders: Benin, Chad, Cameroon, Niger. Since 1991, its capital has been the centrally located city of Abuja; previously, the Nigerian government was headquartered in Lagos.

Languages: English (official), Hausa, Yoruba, Igbo (Ibo), Fulani. The north of Nigeria is predominantly Muslim while Christians form the majority in the South East. There are also a number of traditional African Religions.

Since it was formed in 2005, Transnational corporation Plc. has entered three sectors: telecommunications, energy and hospitality.

Nigerian breweries Plc is the pioneer and largest brewing company in Nigeria. Nigerian breweries Plc has a total of 2230 employees, made up of highly qualified and dedicated professionals. With about 129,000 shareholders as at 31st December, 2008, the authorised share capital of Nigerian breweries Plc is N4 billion, divided into 8 billion shares of 50 kobo each.

The Churchgate Group has become one of Nigeria’s premier conglomerates and has been a leading force of corporate activity for the past 40 years. The Group has always reflected the spirit of the times; their initial focus in the 60's and the 70's was in manufacturing and in trading, areas where they achieved pre-eminent positions.

Starcomms. Nigeria’s leading telecommunications operator and leading "triple-play" (mobile, fixed wireless voice, wireless broadband) provider, is quoted on the Nigerian Stock Exchange having being listed on July 14, 2008.

Business, Nigeria, Lagos, foreign trade, Nigerian economy, Exports, oil, gas, minerals, agriculture, information, telecommunications, tourism, manufacturing, mining, infrastructures, FDI, Master, international business