Summary
The agriculture sector contributed 22.1% to the gross value added (GVA) in 2019, followed by wholesale, retail and hotels, and mining, manufacturing and utilities which contributed 16.6 and 21.4%, respectively. According to GlobalData, the three sectors are expected to grow by 13.39%, 2.82%, and -1.15%, respectively, in 2020.
Lagos generated around 7.24% of Nigeria’s GDP and comprised 6.29% of the country’s population, as of 2019
Scope
- In January 2019, President Muhammadu Buhari signed an executive order on the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, which is a PPP for the construction, repair, and maintenance of important road infrastructure in major economic areas. The scheme will be operational for the next 10 years.
- Overall, the NSE exhibited an upward trend over the last year. As of November 02, 2020, NSE index stood at 30,530.69 as compared to 26,293.30 on November 02, 2019
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
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Table of Contents
List of Exhibits
Did you Know?
Country Highlights
COVID-19 Impact
Country Snapshot
PESTLE Insights
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
OutlookList of Figures
Exhibit 1: Nigeria’s Performance in terms of its Country Risk Analysis in Comparison to the Middle East, Africa and the World
Exhibit 2: Performance Overview (Score: 1-100)
Exhibit 3: Broad Categories and Weights Behind the Index
Exhibit 4: NSE Index
Exhibit 5: Key Sectors’ Contribution to the Economy (2015-2022f)
Exhibit 6: FDI Inflows, FDI Stock, and Greenfield Investment Projects (2016-2019)
Exhibit 7: Key Infrastructure Indicators
Exhibit 8: Real GDP and Household Consumption Growth Rate (2015-2022f)
Exhibit 9: Real GDP Growth Rate Comparison (2019)
Exhibit 10: Export, Import and Trade Balance (2015-2019)
Exhibit 11: Current Account Balance (2015-2022f)
Exhibit 12: Top Three Commodity Exports, % of Total Exports (2016-2019)
Exhibit 13: Mineral Fuels, Mineral Oils and Products of their Distillation, % of World Total Exports (2019)
Exhibit 14: Interest Rates (October 2015- October 2020)
Exhibit 15: Exchange Rate (2015-2022f)
Exhibit 16: Public Finance (2015-2022f)
Exhibit 17: General Government Debt (2015-2022f)
Exhibit 18: Unemployment (2015-2019)
Exhibit 19: Employment by Sector (2015-2019)
Exhibit 20: Labor Force Participation Rate (2015-2019)
Exhibit 21: Rural/Urban Share in Total Population (1995, 2005, 2015, 2025f)
Exhibit 22: Age-group Share of Total Population (1995, 2005, 2015, 2025f)
Exhibit 23: Gender Split (1995, 2005, 2015, 2025f)
Exhibit 24: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate (2019)
Exhibit 25: Number of Patents Granted Per Million People (2019)
Exhibit 26: High-technology Exports (% of Manufactured Exports) (2019 or latest year available)
Exhibit 27: Doing Business in Nigeria 2020
Exhibit 28: Corruption Perception Index (Rankings) (2019)
Exhibit 29: CO2 Emissions (2012-2017)
