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Nigeria

Sub-Saharan AfricaLower MiddleCapital: AbujaNGA

Caution

B-

252.3B USD

GDP (Nominal)

Growing at 4.1%

$1,084

GDP Per Capita

Developing economy

232.7M

Population

+2.1% annual growth

33.2%

Inflation

Elevated

Trade Openness

0.4%of GDP

FDI Inflows

Public Debt

3.1%

Unemployment

Trade Balance

GDP

Billion USD, nominal

$252.3B

2024-235.1B

GDP Growth

Annual %

4.1%

2024+0.8%

Inflation

Consumer prices, annual %

33.2%

2024+8.5%

Population

Millions

232.7M

2024+4.8M

Economic Structure

Services54%

Industry18%

Agriculture26%

Investment Score Breakdown

Economic Health (30%)35

Political Safety (25%)18

Business Climate (20%)28

Financial Strength (15%)30

Growth Potential (10%)55

Key Sectors

Energy (Oil & Gas)

8% of GDP

declining

Technology (Fintech)

2% of GDP

growing

Agriculture

23% of GDP

stable

Telecom

3% of GDP

growing

Should I Invest in Nigeria?

CautionSetup: ModerateROI: Low

Nigeria scores 32/100 on the NationsData Investment Index, rated "Caution". Growth is subdued at 2.9%.

Investment Score32/100

GDP Growth2.9%

Inflation22%

FDI/GDP0.8%

Public Debt40%

Political Stability-1.5

Strengths

+Low public debt (40% of GDP) - fiscal headroom

Risks

-Significant political instability - governance risks may affect business continuity
-High inflation (22%) - erodes margins and purchasing power
-Corruption is a significant concern - budget for compliance and due diligence

Best For

Mass-market consumer products

Also Consider

Ghana

Same region, similar income level

Kenya

Same region, similar income level, faster growth (5%)

South Africa

Same region

Bangladesh

Similar investment score, faster growth (5.8%)

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