NIGERIA AT A GLANCE
GENERAL INFORMATION
Nigeria is the largest economy in Africa and, according to Goldman Sachs, one the next 11 countries with a high potential of becoming among the world’s largest economies in the 21st century.
PEOPLE
Nigeria is the most populous country in Africa with 188.5 million people estimated to be 480 million by 2050. It is a youthful population. Over 36% are between 15-35 years.
COMPETITIVE ADVANTAGE
WHY INVEST IN NIGERIA
Top 5 Economies in Africa (US$ Billion)
Export of Goods and Services (US$ Billion)
NIGERIA: GDP per Capita
GDP Growth (Annual %)
Population/Labour Force
Labour Productivity
THEY CHOSE NIGERIA
Chairman and CEO, General Electric
“Nigeria has all the natural resources and pretty good entrepreneurial class. I want Nigeria … right here and right now. This is the time.”
Managing Director P&G Nigeria
“Innovation is one of P&G’s and by extension, Nigeria’s most vital methods for growth and development.”
President, Central, East and West Africa at The Coca-Cola Company
“We are extremely optimistic about Nigeria’s continued economic and social growth and recognize the importance of … broadening our portfolio and introducing new products.”
MD, Huawei West Africa
“Coming to Nigeria is our biggest move in West Africa.”
President, Yuemei Group
“We built the first Chinese textile industrial park in Nigeria to enable more Chinese textile enterprises make their way to doing business abroad. ”
Global CEO, Unilever
“We will continue to invest in Nigeria and our growth rate is accelerating. We also think that the enormous potentials in the country are being unlocked.”
Executive Vice President, Mondelez International (formerly known as Kraft Foods)
“This investment in Nigeria boosts our production capacity for Cadbury Bournvita by more than 30% … and complements our recent investments in Egypt and South Africa.”
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