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Nigeria

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Nigeria
Map of Nigeria

Country Facts

Nominal GDP493.84 Billion USD
Population182.20 Million
Total Trade/GDP22.21%
CurrencyNigerian Naira (NGN)
Merchandise Imports from Canada468.96 Million CAD
Canadian direct investment909 Million CAD
Main importsManufactured Goods, Chemicals, Machinery & Equipment, Livestock

EDC in Nigeria

Canadian companies assisted20
International buyers insured17
Business volume34.20 Million CAD

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 mainly in Northern parts of Nigeria remain a concern. We see very 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 Africa States -ECOWAS. Foreign exchange shortages, which had curbed economic activity, will probably ease by late 2016 following the central bank’s decision to allow the Nigerian Naira to float freely.

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 well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

EDC Representatives

Related Information

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