Nigeria

Sorry, you appear to have JavaScript disabled. Please enable
JavaScript to use this tool.

Find out how to enable it for your browser:

Internet Explorer 7 or 8

Click the Tools menu.
Select Internet Options.
Click the Security tab.
Click the Custom Level button.
Scroll down until you see the 'Scripting' section. Select the 'Enable' radio button for 'Active Scripting'.
Click the OK button.
Click the Yes button in the confirmation window.
Refresh this page.

Firefox 3.0

Click the Tools menu.
Select Options.
Click the Contents tab.
Select the 'Enable JavaScript' checkbox.
Click the OK button.
Refresh this page.

Refresh

fDi Editor | 05/01/2005 12:00 am

Nigeria is in line for a $4bn oil revenue windfall as higher-than-expected global prices swell the government’s budgeted oil revenue receipts. Significantly, besides increased spending on infrastructure and other capital projects, a portion of oil revenues will be injected into a stabilisation fund to smooth out future oil price volatility. This is just one way in which Nigeria’s elite reformers are transforming the country, cutting the fiscal deficit and improving the quality of spending. Other measures include ongoing deregulation of diverse sectors and privatisation of state-owned concerns.

Deregulation of the telecoms sector triggered rapid and profitable growth of mobile telecommunications, indicative of the vast latent potential of Nigeria’s 130 million-strong consumer market. Indeed, the most immediate investment opportunities exist in rehabilitating Nigeria’s decrepit infrastructure. With plans to double revenue from oil and gas, significant opportunities also exist in the sector.

Nigeria possesses a well-educated and resourceful workforce and a wealth of unexploited natural resources. Good trade links with the rest of West Africa give it access to a market force of 250 million, thereby making it a good target for foreign investment.

Under President Olusegun Obasanjo, there is macroeconomic stability and GDP growth is estimated to have surpassed 5% in 2004.

Register now

Register for FREE online access

Already registered? Sign in here.


Registered users will benefit from: Unrestricted access to fDiIntelligence.com Latest headlines and trends Regular e-newsletters highlighting the latest content Fully searchable archive Data snippets from fDi Markets Numerous special reports throughout the year FDI rankings, including regional Cities of the Future, Countries of the Future and Free Zones of the Year

fDi Magazine

Register today and benefit from a wealth of insight into globalisation which enables organisations such as investment promotion agencies, companies, services providers and academic institutions to make informed decisions regarding foreign direct investment and associated activities.

Register today and get request access to the world's premier resource on the business of globalisation.

Call our team on +44(0)1858 438417

Already registered? Click here

Why Register?

Register for fDiIntelligence.com

fDiIntelligence.com is more than the online home of fDi Magazine. Registration to our website enables you to:

Access supplementary foreign direct investment (FDI) analysis. In addition to all fDi Magazine articles, fDiIntelligence.com hosts a range of extra information, including our locations rankings, multimedia content and special reports

Create a personalised homepage, with the locations and sectors that matter to you

Receive FDI information in your inbox via our e-newsletter

Save time on research with our electronic archive of articles

Keep track of a specific company’s FDI activities on our companies page

Get fresh ideas and insight with exclusive videos of our roundtables, interviews and editorial summaries

Stay current and expand your knowledge with the latest data trends driving crossborder greenfield investment