Find Economic Development expertise in Nigeria

According to the Business, Trade and Investment Guide 2010/2011, Nigeria receives the largest amount of Foreign Direct Investment (FDI) in Africa. Nigeria’s FDI grew from 1.14 billion US dollars in 2001 to 11 billion US dollars in 2009 according to UNCTAD. This makes Nigeria the world’s nineteenth greatest recipient of FDI (2011). 

Nigeria’s most significant sources of FDI have generally been the home countries of the major oil companies such as Chevron Texaco, Exxon Mobil and Shell. Three-quarters of China’s FDI in Nigeria is vested in the oil and gas sector. Countries such as Italy, Brazil, the Netherlands, France and South Africa are also major sources of FDI.

According to the Global Competitiveness Report 2011-2012 from the World Economic Forum, in terms of the extent to which rules governing FDI encourage or discourage investment, Nigeria was ranked at 77th out of 142 countries. Its score of 4.6 was the exact average of those 142 countries; in this respect Nigeria out-performed many other West African countries such as Cameroon and Senegal. In terms of the extent to which FDI brings new technology into the country, Nigeria was ranked at 91. Its score of 4.3 was 0.4 below the average, and 0.1 below nearby Cameroon.  

Economic Development Agencies organisations in Nigeria
Akwa Ibom Investment Promotion Council
Nigeria Tourism Development Corporation
Nigerian Export Processing Zone Authority
Nigerian Export Promotion Council
Nigerian Investment Promotion Commission
Nigerian Stock Exchange
Oil and Gas Free Zone Authority
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN)