Evaluating the market in Nigeria

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in Nigeria

Trade is highly important to the Nigerian economy, which relies heavily on the oil sector—a sector negatively impacted by low prices in recent years, aggravated by the COVID-19 crisis. A strong emphasis also exists on the infrastructure sector, which requires modernization. But security challenges, mainly in the far North and Southern oil-producing regions of the country, as well as Nigeria’s governance issues, could deter foreign investments and negatively impact its business climate. Living standards are also likely to remain under pressure following the COVID-19 pandemic. Limited employment opportunities increase the risk of protests, particularly in the main cities.
  • Construction & Infrastructure
  • Oil and Gas
  • Power
  • Telecom
  • Transportation Services


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Date modified: 2024-02-05