With the National Bureau of Statistics(NBS) recording a real GDP growth rate, on an aggregatebasis, of 7.13% in the first quarter of 2011, and a slightly lower 6.17% for the same quarter in 2012, Nigeria boasts the continent’s second-largest economy after South Africa. Africa’s largest oil producer, Nigeria is the third-largest recipient of foreign direct investment in the continent after Angola and Egypt, according to the US Diplomatic Mission.
by attracting investment for adequate refining capacity to produce different types of fuel for local consumption and export. The act has therefore thrown open a number of very significant business opportunities.
What are keys to mitigating imported inflation and exchange rate fluctuations?
With its large population, its GDP still showing growth in the high-single digits in a recession-haunted world and its vast if underexploited natural resources, Nigeria is an attractive but challenging market for industrial firms. The sector is still quite small overall, accounting for less than 1% of GDP. Some fields are expanding rapidly, while...
What are some of the effects you anticipate an environmental protection act (EPA) would have on the country’s production capacity?
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