Nigerian Business Environment
Ayeni Adewunmi Hannah
Culture & Religion
Business & Investment Opportunities
2013 Estimate - 174,507,539
2006 Census - 140,431,790
7th Most Populous country in the world
356,667 sq mi
English is widely understood among the
educated and the upper and middle classes.
CULTURE & RELIGION
Islam ~ 48.8%
Christianity with different denominations ~ 49.3%
Others ~ 1.9%
Demographics & Ethnic Groups
400 native languages
Over 300 ethnic groups
Three major ethnic groups that comprise of 70% of the population Yoruba
Immigrants and refugees: over 1,000,000 Iraqis, Syrians, Lebanese, Libyan, etc..
Regional Stability with instability at the Northern Nigeria. Corruption
33rd most corrupt country in the world (Star Africa Report , 2013). Nepotism, favouritism, and bribery.
12th largest Crude oil Producer in World
$US 273.042 billion
$US1,657 per capita
Growth rate ~ 6.8 %
United States' largest trading partner in sub-Saharan Africa and 13th-largest trading partner worldwide in 2010. Trade Partners: Germany, France, the Netherlands, Canada, Japan, Italy, and Spain. Power and Energy are the biggest challenges.
Services ~ 70 % of GDP, 77.5 % of labour force
Tourism including medical tourism (10-15%)
IT (top 10 list of best places to launch a tech. start-up)
Mining (potash and phosphates)
BUSINESS & INVESTMENT OPPORTUNITIES
Economic Freedom country
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