As Africa’s most populous nation, and with the biggest oil and gas reserves in the region, Nigeria has long been one of the continent’s sought-after markets, but also one of its most complex and challenging. A GDP rebasing in 2014 modernised the country’s statistical measurements, expanding GDP to N94.14trn ($155.1bn at the time of printing)...
How quickly do you believe the administration’s diversification efforts can yield results?
With a population of 184m, three-quarters of whom are under the age of 30, job creation is critical for Nigeria to sustain its headline growth. Unemployment is increasing rapidly. The official rate climbed from 8.2% in the first quarter of 2015 to 9.9% in third quarter and 10.4% by the year’s end. The ranks of the underemployed – those working...
After a series of delays, Nigeria’s expansionary 2016 budget, which President Muhammadu Buhari submitted to the National Assembly in December 2015, was approved in March 2016. The proposed N6.08trn ($19.2bn) budget represented a 22% increase over the previous year.
From which countries has Nigeria seen the greatest increase in foreign direct investment (FDI)?
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