Posts Tagged ‘Nigeria’
Analyst says it is important to look at the bigger picture of Nigeria’s new label as top economy in Africa.
After months of speculation, Nigeria today officially overtook South Africa as the largest economy on the continent.
The West African nation has set itself an ambitious target of becoming one of the world’s top 20 economies by 2020.
Woolworths may not have succeeded in Nigeria, but many other South African retailers are doing well.
Famous Brands has announced a deal to acquire a stake in Nigeria’s UAC Restaurants.
Baldwin Berges takes a closer look at Nigeria’s entrepreneurs who are the driving force behind this increasingly assertive nation.
Despite some political and economic instability, Nigeria offers a range of investment and growth opportunities.
Technological and political developments are forcing companies to adjust strategies for long-term growth.
“Africa has no automatic future. The continent will have a future that it shapes by itself.”
“It’s amazing how much potential there is in this market.”
“We want to industrialise agriculture and make it to be a major revenue earner for us,” says Nigeria’s farming minister Akinwunmi Adesina.
Lagos, Nigeria’s commercial hub, could soon have a US$45 billion economy.
Coupled with strong economic growth over the past decade, Nigeria’s huge population presents many business opportunities for companies.
Nigeria is changing rapidly. The size of the economy may expand 40-60% overnight, new online sales channels are booming, and the security situation is deteriorating.
“Successful entrepreneurs are not usually the smartest people, or even the most hardworking.”