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Nigeria
EDC's Position
Page Content - Targeted approach to business
- Open under select programs, subject to regular approval criteria
| Nominal GDP | 244.30 Billion USD | | Population | 165.80 Million | | Total Trade/GDP | 94.56% | | Currency | Nigerian Naira (NGN) | | Merchandise Imports from Canada | 227.10 Million CAD | | Canadian direct investment | 36 Million CAD | | Main imports | Machinery & Equipment, Manufactured Goods, Chemicals, Food & Livestock | | Canadian companies assisted | 14 | | International buyers insured | 17 | | Business volume | 25.97 Million CAD |
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Page Content Center Right Business Environment
Canada has a well established and growing trade relationship with Nigeria. The country represents an important trade partner for Canada in Sub-Saharan Africa. Trade is of high importance to the Nigerian economy which relies heavily upon the oil sector. A strong emphasis also exists on the infrastructure sector, which requires modernization. Nigeria's banking sector has strengthened in recent years and is among the most important in Sub-Saharan Africa. Security challenges in parts of Nigeria remain a concern. We see good export and investment opportunities across a wide range of sectors that match Canadian capabilities. Nigeria is a member of the Economic Community of West African States (ECOWAS).
Key Industries
- Construction & Infrastructure
- Oil and Gas
- Power
- Telecom
- Transportation Services
How we can support your business
Through our Head Office operations in Ottawa, we provide support to Canadian companies planning on or currently doing business in the Nigeria. Our market experts have developed strategic relationships with major buyers in several sectors as well as a network of local contacts in the market.
- We are positioned to help Canadian companies through a range of financing and risk management services.
- Learn more about our service offering.
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Where does this information come from?
The information displayed in this table is extracted from the Trade Opportunities Matrix (TOM), an EDC tool used to rank opportunities based on a range of economic, financial and industry-specific criteria. It is important keep in mind that the TOM rankings refer to potential export opportunities, which may not reflect actual Canadian exports. - TOM is an empirically-based tool that provides an objective and forward-looking analysis of the most attractive markets for Canadian exporters.
- Using up-to-date economic and financial criteria, TOM ranks Canadian export opportunities in 44 industries, across 69 countries.
- TOM provides an objective starting point for export market research, which can be used to complement in-depth industry analysis and sector-specific knowledge.
Please refer to the TOM background paper for additional details.
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