Doing Business in Nigeria

With a nominal GDP of over $492 billion (2016) and a more than 180-million strong youthful population, Nigeria, is both Africa’s biggest economy and the most populous black nation on earth. Whilst available demographic data presents the country as the preferred investment destination on the continent, ongoing economic reform continues to make Nigeria a progressively easier place to do business, with attendant inflow of significant foreign investments in recent years.

This document highlights the basic legal and regulatory framework for doing business in Nigeria. Analyzed in simple language understandable to all classes of persons and businesses, domestic and foreign investors from diverse places around the globe will find this compilation a useful guide to learning the basic requirements of doing business, in Africa’s largest consumer market and economic hub.