Nigeria is a country in West Africa made up of 36 states and the Federal Capital Republic. It lies north of the equator, between Benin, Chad, Cameroon and Niger.
Its GDP per capita of US $2,083.2 makes Nigeria the biggest economy in Africa, as well as the most populous country, with an expected population of 400 million by 2050.
Nigeria’s oil reserves are the tenth largest in the world, and its gas reserves are the ninth largest. It also has large seaports that are connected to global trade routes, making it an excellent economic hub for West Africa.
The demographics of the country, with an increasing young, middle-class population, also make it a great place for those looking to do business with Nigeria, as do the UK’s cultural and historical ties with the country; it has an established consumer base who already know and trust UK companies.
There are numerous opportunities for UK businesses across many sectors in Nigeria, including education and training, energy, financial services, ICT, transport and infrastructure.
About this guide
This guide aims to provide a route map of the way ahead, together with signposts to other sources of help.
The main objective of this Doing Business with Nigeria Guide is to provide you with basic knowledge about Nigeria; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point. Further assistance is available from the Department for International Trade (DIT) team in Nigeria. Full contact details are available in this guide.
To help your business succeed in Nigeria we have carefully selected a variety of essential service providers as ‘Market Experts’ Click Here
The guide is available in 4 formats:
a ‘free’ downloadable 'mobile device-friendly’ app – available from the Apple App Store and Google Play Store
a full colour hard-copy brochure (to order your copy please Click Here)
PDF download/e-flipbook (available to download below)
An introduction to the Institute of Export & International Trade
Established in 1935, the Institute of Export & International Trade is the professional membership body representing and supporting the interests of everyone involved in importing, exporting and international trade. Offering a unique range of individual and business membership benefits and a world renowned suite of qualifications and training, the Institute is the leading authority in best practice and competence for businesses trading globally.
To view other videos, please visit the IOE&IT YouTube Channel.
For more information visit: www.export.org.uk
Doing Business with Nigeria Guide Market Experts - Please click on the logos below to view our Market Expert profiles and to find out how they can help you to succeed in Nigeria!
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