Africa Press-Nigeria:
With the largest population in Africa and a wealth of natural resources on its land, Nigeria is an increasingly important market that can no longer be ignored. The country is already recognized as one of the world’s fastest-growing economies and one of the world’s major investment destinations. So, there’s no better time than now to start doing business in Nigeria.
Nigeria’s economy is thriving
Nigeria is Africa’s biggest economy, having a GDP of $444.916 billion in 2019. What’s more, the country has Africa’s fastest-growing music industry, the world’s second-largest film industry, after overtaking Hollywood, and an overall booming economy, mostly thanks to its production levels of oil and gas.
What’s more, driven by a surge in technology use across all Africa, Nigeria came out top in a report by Internet World that shows a massive increase in using the Internet throughout the country. Moreover, the country is already the biggest mobile market in Africa, ranking as The World’s Highest Facebook Mobile Penetration country.
Moreover, Nigeria’s booming economy and ICT sector have helped the country emerge as a leading investment destination. It is home to over 55 active tech hubs, raising a total of $94.9 million. The country is now known as the biggest technology market across Africa and accounts for over 23% of all internet users in Africa. What’s more, the country has a teledensity figure of nearly 90% in terms of telecommunications subscribers.
But the good news about Nigeria doesn’t stop here! The country offers a lot many reasons why investors should come and put their money here:
