Why Invest in Nigeria?
NIGERIA is the largest economy in Africa and, according to Goldman Sachs, one of the next 11 countries with high potential to become one of the world’s largest economies in the 21st century. Nigeria is also the most populous country in Africa with approximately 200 million people (estimated to be 480 million by 2050) most of which is a youthful population – over 36% are between the ages of 15-35 years.
Arguably the largest economy in Africa both in GDP, the Nigerian Economy holds a special attraction for leading investors from across the globe. With the fourth largest return on investment in the world, GDP size of $510B, and the highest destination for Foreign Direct Investment (FDI) in Africa. Nigeria is fantastically located in the Gulf of Guinea with direct freight access to North America, South America, Europe, and Asia. Nigeria will be suitable as the production hub to access the developed markets of North America and Europe with a combined GDP of over US$43 trillion.
Nigeria offers stable political environment with vast resources, most of which are yet to be fully exploited. These include minerals, agricultural and human resources. Nigeria also offers the market in sub-Saharan Africa; the Nigerian market potential also stretches into the growing West African sub-region. The government have created a favourable climate for business, investors and industrial ventures by ensuring administrative and bureaucratic procedures have been greatly streamlined and modernised with policies and programmes that guarantee a free market economy.
Nigeria enjoys a dynamic private sector, which has assured greater responsibilities under the new economic environment with free flow of investment into Nigeria. Exchange control regulations have been liberalized to ensure free flow of international finance and Foreign Direct Investment guarantying unrestricted movement of investment capital. Nigeria also boosts a well-developed banking and financial sector with easy access to working capital and other credit facilities. There is abundance of skilled labour at a fraction of cost compared to developed economies, resulting in very low production costs; among the lowest in Africa.
Nigeria is implementing rapid development of physical and industrial infrastructure, in terms of transportation, communications, electricity and water supply. Nigeria has started a structural transformation from a mono-product economy to a diversified, industrialized economy. For a unique opportunity to take advantage of what this great nation has to offer, contact us.
The Best of Nigeria Investment Exhibition
Excel Exhibition Centre, London, England
3rd – 4th of October 2018