AMENA AFRICA

Nigeria

Nigeria

Africa's Largest Economy

Nigeria is Africa’s largest economy, with a population of over 200 million. The country is rich in oil and gas but is also diversifying into agriculture, manufacturing, and services to reduce its dependency on oil

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Main Economic Opportunities in Nigeria

Oil and Gas

Contributing about 9% to the GDP and 90% of export earnings, the oil and gas sector remains central to Nigeria’s economy. There are significant opportunities in exploration, production, and refining

Agriculture

Agriculture accounts for about 23% of the GDP, employing over 36% of the workforce. The sector is vital for food security and offers opportunities in crop production, livestock, and agro-processing

Technology and Innovation

Nigeria’s tech sector, often referred to as “Silicon Lagoon,” is thriving, with the ICT sector contributing 18% to the GDP. Nigeria has over 100 million internet users and is a leader in e-commerce, fintech, and digital media in Africa

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Nigerian market overview

Nigeria has experienced an average GDP growth of 3.65% over the last 10 years. Over 500 languages are spoken in the country but only English is an official language spoken by over 50% of the population.

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