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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

General government investment (gross fixed capital formation) as a % of GDP

General government investment (gross fixed capital formation) as a % of GDP

Private investment (gross fixed capital formation) as a % of GDP

Private investment (gross fixed capital formation) as a % of GDP

Foreign direct investment, net inflows (% of GDP)

Foreign direct investment, net inflows (% of GDP)

Investment landscape

Key sectors

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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…

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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…

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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…

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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…

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Strategies, policies and legislation


Key investment institutions