Nigeria

Nigeria is an African powerhouse – the country boasts the continent’s largest economy, and, with a population of 186 million, the country is the continent’s most populous. Nigeria is a dynamic, English-speaking nation with much to tempt investors.

Situated in West Africa, Nigeria shares borders with Niger, Chad, Cameroon and Benin. The country’s largest city is Lagos, with a population of 2.7 million. The city has the largest GDP of any city in Africa. Abuja, the country’s capital, is a planned city, constructed in the 1980s.

Nigeria became a member of OPEC in the 1970s, at the height of the global oil boom. Little of the money Nigeria made in oil passed to the general population, however – Nigeria’s past development was stymied by corruption. Things have changed now, and Nigeria’s GDP is booming – according to one report, Nigeria will experience the highest GDP growth rates in the world between 2010 and 2050.

Agriculture remains Nigeria’s largest source of employment, producing around 26% of GDP and employing 60% of the workforce. Agriculture is practiced mostly at the subsistence level, though the country does export yams, rice and maize.

Oil remains Nigeria’s most important industry, responsible for around 77% of total exports. The country’s service sector is growing rapidly – principally the telecommunications and retail industries.

HLB Nigeria aims to help domestic and forgeign clients reach their organisational goals through a full range of professionals services across all main sectors in the country.

Get in touch

Whatever your question our global team will point you in the right direction

Start the conversation
Get in touch
x
x

Share to:

Copy link:

Copied to clipboard Copy