There are far-reaching action plans aimed at encouraging foreign participation in the Nigerian economy. The variety of opportunities and competitive costs make Nigeria an excellent destination for investment. Nigeria is the top recipient of foreign direct investments (FDI) in Africa with a gross domestic product rate that averaged more than 6% over the last decade. This followed a deliberate attempt by the government to diversify the economy and liberalize the business environment to accommodate the private sector as the engine of growth while the government remains the enabler.
Besides its exceptional location at the heart of Africa and long-standing tradition as an exemplary country for establishing African headquarters, Nigeria offers foreign companies a unique combination of:
Favorable tax incentives and investment guarantees
Largest population in Africa (over 180 million people)
Largest economy in Africa (over 500 billion USD dollars)
Accessibility from key locations abroad via air transportation and telecommunications networks;
Access to land
Affordable office and residential space
Low cost of living
Access to a highly-skilled workforce
Rich cultural heritage.
Nigeria is also an attractive country for investment and it offers great potential for the establishment of multinational companies, thanks to the outstanding academic level of its population, as well as the high standard of modern services and social and political stability.