If there is any investor out there thinking why they should be investing in Nigeria? Then here are some indicators which can help them with their decision making.

2. What are we talking about?
If there is any investor out there thinking why they should be investing
in Nigeria? Then here are some indicators which can help them with
their decision making.
Developing countries like Brazil, India and South Africa have proven to
be great locations to invest in the last 2 decades. Perhaps it is time
investors explore more of such economies and one of them certainly is
Nigeria.

4. Abundant Natural Resources
Some of the natural resources found in Nigeria are natural gas, petroleum,
tin, iron ore, coal, limestone, niobium, lead, zinc, and arable land.
Nigeria is the largest oil producer in Africa and is ranked the 10th largest
oil producer internationally. The Oil sector contributes to 28% of the
countries GDP. With such dependency on natural resources, investors can
confidently invest in businesses like mining, oil exploration, oil refineries
etc.
Also with oil being their major contributor and demand for oil not going
down anytime in the future, one can foresee a stable economic future for
Nigeria.
Investors are usually concerned about the stability and continuity and this
type of economy is sustainable in the long run.

5. Robust Economy
Nigeria has been attracting maximum foreign direct investment when
compared to other countries in Africa. Recent economic figures released
show Nigeria as the largest economy in Africa with a GDP of $510 billion.
Along with the oil sector, Nigeria is witnessing a healthy growth in
agriculture, communication and service sector. The government has
managed to create a very business friendly climate through its policy
measures.
The thrust through different policies and programmes is to push Nigeria to
a free market economy. This has resulted in a very efficient bureaucratic
system which is streamlined to eliminate any avoidable delays which can
have negative impact on the investment friendly climate.

6. Infrastructure
When compared to some other African countries Nigeria has relatively
advanced infrastructure facilities like power, ports and air transport. Other
areas like communication, drinking water and irrigation are also seeing a
lot of progress.
After the reforms the telecom sector is seeing an explosive growth. When it
comes to roads the country is covered by a network of federal and
secondary roads. Nigeria also has 4 international airports and 6 seaports.
With such facilities in place, if there is any country you can invest your
money on in Africa then it can only be Nigeria.

7. Dynamic Private Sector
Nigeria is planning to upscale its economy in the next 10 years to a middle
income economy. One of the ways identified by government to work
towards this is through public private partnerships.
One great example of how a private sector has managed to play a critical
role is the Eco Atlantic development done in the country’s commercial hub
Lagos. Here the project aims at building business and residential areas on
a land reclaimed from the Atlantic Ocean. The Eco Atlantic project is
completely overseen by private sector. The South Energyx Nigeria, a
subsidiary of the Chagoury group is in charge of this.
Another area which is seeing a lot of private sector involvement is
electricity generation and distribution. With a promising economic future,
the private sector participation is only going to increase and this augurs
well for investors looking to invest in Nigeria.

8. Huge domestic market
As per the report published on Investment U, Nigeria is identified as
having a large domestic market with considerable demand for goods and
services produced domestically.
As the economy is growing, Nigeria is witnessing growth of increasingly
sophisticated middle class. Middle class is an engine of growth which will
further push the Nigerian economy. The presence of a large middle class
means for investors a huge domestic market for any business they plan to
invest in. Now with a population of 173 million Nigeria is the world’s
seventh most populous country.
Analysts see the population growth pattern as similar to that witnessed in
Asia between 1970 and 2000. One of the reasons for growth seen in Asia
was due to the increasing share of working age population.

9. Mara Foundation’s Ambition
We enable, inspire and empower ambitious entrepreneurs in Africa. With the support of our Mara Mentors we will:
Inspire millions of young people in Africa to become
entrepreneurs.
Teach entrepreneurs new skills.
Enable entrepreneurs to turn business ideas into a
reality.
Guide business owners to grow businesses and hire
(more) employees.
Empower entrepreneurs by providing a platform to
showcase their business and build their network.

10. THANK YOU
Website: mentor.mara.com
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Customer Support: support@mentor.mara.com
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number of partners, including: