10 Eco­nomic Facts about Nige­ria

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1 Nige­ria is the 22nd largest econ­omy, worth more than $500 bil­lion in terms of nom­i­nal GDP.

2 Nige­ria has been pro­jected to be the first African’s Tril­lion Dol­lar econ­omy by 2030.

3 Nige­ria has been a leading des­ti­na­tion for For­eign Direct In­vest­ment. Over the last 14years net FDI has grown by 337%.

4 The Nige­ria stock ex­change is the sec­ond largest in Africa

5 Nige­ria is pro­jected to be the 6th largest econ­omy in the world by 2040 (Cit­i­group Global Mar­kets, ‘’Fe­bru­ary 21, 2011).

6 Nige­ria has easy ac­cess to the de­vel­oped mar­kets of North Amer­ica and Europe, which have a com­bined GDP ex­ceed­ing US$30 tril­lion.

7 Nige­ria at­tracted $75.4 Bil­lion For­eign Direct In­vest­ment (FDI) since 1999 and gen­er­ated $22.4 Bil­lion in about three decades ear­lier.

8 Nige­ria is ranked fourth glob­ally- on re­turn of in­vest­ment - on the av­er­age FDI makes a re­turn of 36%.

9 Nige­ria has one of the fastest grow­ing telecom­mu­ni­ca­tions mar­kets in the world.

10 Nige­ria is home to the world largest ce­ment com­pa­nies; net im­porter in 2012 and has be­come net ex­porter since 2013.

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