Nigeria

As the largest economy in Africa, Nigeria is actively working to diversify its revenue sources beyond the dominant oil and gas sectors. Efforts have been focused on building a competitive manufacturing sector, expanding agricultural production, and leveraging the country’s technological and innovative potential. Significant opportunities also exist in mining, renewable energy, and the country’s burgeoning film and television industry. With the largest population in Africa, of nearly 230 million people, and its cost-effective labor pool, Nigeria presents an attractive market for both domestic and foreign investors.

Yet, almost 40% of the population still lives below the poverty line, the country consistently ranks poorly on the human capital index, and while recent reforms have improved the overall business environment, many young educated workers are forced to emigrate. Bureaucratic delays, political interference, and multiple security challenges further restrict the nation’s capacity for full economic progress.