Nigeria Is Becoming A Very Attractive Country For Offshore Investors – Here’s Why

With approximately 202 million people and one of the largest
population of youth worldwide, meaning a fast-growing labor force,
Nigeria is a key regional player in West Africa. This multi-ethnic and
culturally diverse federation represents the largest investment
market in the continent, thanks to its unique location that makes it
the center of business in Africa.
2016 was a difficult year for Africa’s largest economy after suffering
a recession and a full year of negative growth. However, Nigeria’s
economy is slowly making a comeback. Data from Nigeria’s statistics
bureau shows that the country’s economy grew by 2.27% last year,
which is a slightly higher rate than in 2018.
Now, Nigeria’s economic growth is mainly anchored on the country’s
oil exports as the production levels remained stable throughout the
last year. Yet, several other sectors have contributed to this
economic growth. For example, on the production side, economic
growth last year was primarily driven by services such as telecoms
as the country’s online presence has been increasing every year.

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