With a population of over 200m and abundant natural resources, Nigeria is Africa’s largest economy. The country has developed an investment-friendly business climate over two decades of civilian rule and in the nearly 60 years since independence, boosted by oil and gas wealth, and the entrepreneurial spirit of its young population. However, around 40% of Nigerians live below the poverty line, and facilitating sustainable, inclusive growth is at the top of the government’s agenda. In addition…
From The Report: Nigeria 2022
View in Online Reader
Nigeria is the 14th-largest country in Africa by land mass and is culturally diverse, with a population of more than 200m spanning over 250 ethnic groups. It is rich in natural resources, with some of the largest proven oil reserves in Africa, and has a strong agriculture sector, with major exports including rubber, cocoa, peanuts and palm oil. The country gained independence in 1960 and declared itself a federal republic in 1963. The presidential election in 1999 ushered in a period of relative stability and marked a return to civilian rule, providing strong foundations to support a post-pandemic rebound.
This chapter contains interviews with President Muhammadu Buhari; and Helen Grant, Member of Parliament and UK Trade Envoy to Nigeria.