Contact us: Av. Dom Vasco da Gama, 3, Restelo, 1400-
Emails: email@example.com -
Nigeria’s economy is primarily oil-
According to the IMF, with an annual growth of 5% during the course of 2015, Nigeria’s
gross domestic (GDP) is set to total US$1.10 trillion in 2015, representing a 5%
growth from that of 2014 making Nigeria the sixth world highest achiever. This is
despite the global crude oil prices falling by about three quarters over the last
year. Nigeria has defied the negative growth that afflicted several crude-
Over the last 15 years, Nigeria has enjoyed annual growth rates of about 7% but with crude oil prices falling to about US$40 a barrel from US$100 a barrel, it is no surprise that growth has slowed. But notwithstanding this, Nigeria’s economy continues to diversify and the country remains on course to achieve its goal of becoming one of the world’s 20 economies by 2020.
The economic vision of Nigeria is to be one of the 20 most viable economies by the year 2020. This is attainable in view of the enormous natural endowments in the country.
Nigeria is richly and magnificently endowed by nature. The country has proven reserves of natural gas, petroleum, iron ore, tin, coal, limestone, zinc, lead and niobium. Nigeria also has substantial underdeveloped land, ideal for agricultural development as well as fertile waters for fishing.
Nigeria also has huge gas reserves in excess of 160 trillion cubic feet, and is ranked 10th in the world of proven natural gas reserves. The harnessing of gas and the production of liquefied natural gas in Nigeria has grown at a tremendous rate with the 7th train under construction. For detailed information on Nigeria’s burgeoning gas industry, visit www.nlng.com
Interested in Investing in Nigeria?
Nigeria welcomes foreign investors. For detailed information on investment opportunities throughout Nigeria, please feel free to book an appointment or if you have any questions, do not hesitate to contact the Embassy.
To know more about investing in Nigeria, visit NIPC -
FEDERAL GOVERNMENT OF NIGERIA SINGLE WINDOW FOR TRADE
The Nigeria Single Window Trade Portal is a cross-
©DISCLAIMER: With brighter investment climate in Nigeria, many unsuspecting investors have fallen prey to online scams. In order to stem this ugly tendencies, all prospective investors should always consult with the Embassy in Lisbon, or the Portuguese Embassy in Abuja before venturing into payment for any business transactions. The Embassy of Nigeria in Lisbon , Portugal will not be responsible for any fraudulent transactions.