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

Canada has a well-established and growing trade relationship with Nigeria and the country is an important trade partner for Canada. Trade is of high importance to the Nigerian economy, which heavily relies 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 the far North and Southern oil producing regions of Nigeria remain a concern. There appears to be 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). However, Nigeria's governance issues could deter foreign investments and negatively impact its business climate.
  • Construction & Infrastructure
  • Oil and Gas
  • Power
  • Telecom
  • Transportation Services

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