Nigeria

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What investment opportunities have you seen arise from previous economic and health crises, and how does Covid-19 compare?

As the world grapples with the challenges posed by Covid-19, Nigeria is leveraging digital solutions to limit disruption to essential supplies and commerce during the pandemic.

In economic terms, 2019 was a mixed year for Nigeria. GDP growth remained stable at 2% in the first half of 2019, having averaged 1.9% throughout 2018. By year’s end this had improved to 2.3%, according to the IMF; however, inflation stood relatively high, at 11.3%.

After raising $30m in a recent round of financing, a Nigerian start-up is looking to revolutionise the country’s transport and logistics sector.

A new tech hub is poised to give a significant boost to Nigeria’s ICT sector, attracting engineering talent, developing local education and prompting continued investment in infrastructure.

To bridge gaps in transport and utilities, Nigeria is set to invest up to $20bn in nationwide infrastructure plans over the next decade, paving the way for broad-based economic expansion.

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