Nigeria has enormous resources, most yet to be fully exploited.
The tourism industry has a greater potential than any other single industry in Nigeria. The prevalence of several natural and historic tourist sites add to the industry’s potential to become one of the effective generator of revenue for the country when fully developed. The film industry, being the 3rd largest in the world, currently contributes over two percent (2%) to Gross domestic product (GDP) with vast potential of expansion.
Agriculture is the most important non-oil economic activity in Nigeria. One of the most lucrative sectors to invest in Nigeria. The single largest employers of labour force (65 percent) and contributed 22.90% to Gross Domestic products (GDP0 in 2011. Over 84million hectares of the total land area has potential for agricultural activities with only 40% in use. Agribusiness; Manufactures and distribution of farm equipments and supplies. Processing, storage, and distribution of farm commodities. Great opportunities are available in the country in food processing value chain of rice, sugar cane, cassava, cocoa, cashew, tomatoes, fruits (oranges, pineapples, mangoes, etc) and food crop packaging.
Nigeria is richly endowed with a variety of solid minerals of various categories ranging from precious metals to precious stones and industrial minerals. The commercial value of Nigeria’s solid mineral has been estimated to run into billions of dollars. Forty four (44) solid minerals are found in commercial quantities and are spread across the 36 states of the federation and FCT Abuja. Gold, coal, bitumen, limestone, iron, ore, lead/zinc and barites are strategic solid minerals being prioritized and promoted for private sector participation and investment by the Federal Government of Nigeria.
Nigeria remains one of the most competitive destinations with huge untapped resources in power generation, distribution and transmission. Access to power is currently limited to only approximately 40% of the Nigerian population and power supply averages 3,500MW versus a suppressed demand that is estimated at 10,000MW daily. By 2020, Nigeria’s power generation capacity is projected to be in excess of 40GW and energy mix will consist 69% thermal generation: 17% Hydro: 10% Coal: and about 4% renewable. Government recently handed over six generation companies and eleven distribution companies to private investors in its bid to revamp the sub sector