10 Economic Facts about Nigeria
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.