Select country
Nigeria
Nigeria is a country with significant economic scale and strong demographic momentum, playing a central role in Sub-Saharan Africa’s development trajectory. In 2025, the economy recorded a real GDP growth rate of 4.01%, reflecting gradual expansion despite domestic and external pressures, while inflation reached 23.00%, highlighting persistent macroeconomic challenges and pressures on household purchasing power. With a population of 237.52 million, Nigeria’s GDP reached 290.49 billion USD in 2025, confirming its status as one of the largest economies on the African continent. Despite its considerable economic weight, the country continues to face important human development challenges: the Human Development Index stands at 0.56, placing Nigeria below the global average. Employment among individuals aged 15 and above is relatively high at 82.51%, although a substantial share of this employment is concentrated in informal and low-productivity activities, particularly in agriculture and small-scale trade, rather than in higher-value formal sector employment.
GDP nominal
USD 290.49 billion (2025)
Inflation
23.00% (2025)
Real GDP growth
4.01% (2025)
Employment as a % of population 15+
82.51% (2025)
Population
237.52 million (2025)
Human development index
0.56 (2023)
Investment indicators
Investment landscape
Key sectors
Food processing
Nigeria’s food processing sector is one of the largest in Africa and a pillar of the country’s non-oil economy. It covers a wide range of activities, including grain milling and processing, oils, sugar, meat, dairy products, beverages and packaged foods. The industry plays a vital role in food security and value creation. The sector is dominated by four large conglomerates, alongside thousands of small and medium-sized enterprises serving local and regional markets. Processing activities…
Learn more
Finance and insurance
Nigeria’s financial services and insurance sector is the largest and most diversified in Sub-Saharan Africa, playing a central role in the country’s economic stability and private sector development. It encompasses commercial and investment banking, insurance, pensions, capital markets, fintech and microfinance, with operations extending across West Africa. The financial system is supervised by the Central Bank of Nigeria (CBN), the National Insurance Commission (NAICOM), the National Pension…
Learn more
Mineral Resources
Nigeria’s minerals sector is an important component of the country’s strategy to diversify the economy beyond oil and gas. The country possesses significant deposits of more than 40 commercially viable minerals, including limestone, gold, iron ore, coal, tin, bitumen, lead, zinc, barite, gypsum and lithium. These resources provide opportunities for domestic processing, industrial development and export growth. Despite its considerable geological potential, the sector remains underdeveloped…
Learn more
Pharmaceuticals
Nigeria’s pharmaceutical sector plays a critical role in supporting the country’s healthcare system and industrial development. The industry encompasses the manufacture of prescription medicines, over-the-counter products, vaccines, medical consumables and nutraceuticals, as well as the importation and distribution of pharmaceutical products. Domestic manufacturers produce a wide range of essential medicines, including antibiotics, antimalarials, analgesics, antihypertensives and…
Learn moreStrategies, policies and legislation
- Nigerian Investment Promotion Commission Act of 1995
- Companies and Allied Matters Act of 2020
- Customs and Excise Management Act of 1979
- Economic and Financial Crimes Commission (EFCC) Act of 2004
- Federal Competition and Consumer Protection Act of 2018
- Fiscal Responsibility Act of 2007
- Foreign Exchange (Monitoring and Miscellaneous Provisions) Act of 1999
- Infrastructure Concession Regulation Commission Act of 2005
- National Office for Technology Acquisition and Promotion (NOTAP) Act of 2004
- National Agency for Food and Drug Administration and Control (NAFDAC) Act Cap. N.1 LFN of 2004
- Nigerian Communications Act (NCC) of 2003
- Public Procurement Act of 2007.pdf
- Standards Organisation of Nigeria Act of 2015