EY-Nigeria-Country-Report
EY-Nigeria-Country-Report
EY-Nigeria-Country-Report
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<strong>Nigeria</strong><br />
Abuja<br />
Ibadan<br />
Lagos<br />
Port Harcourt<br />
<strong>Country</strong> overview<br />
Western<br />
Sahara<br />
Cape<br />
Verde<br />
Senegal<br />
Gambia<br />
Mauritania<br />
Morocco<br />
Mali<br />
Algeria<br />
Burkina Faso<br />
Guinea<br />
<strong>Nigeria</strong><br />
Bissau<br />
Benin<br />
Guinea<br />
Togo<br />
Equatorial Guinea<br />
Sierra Leone<br />
Liberia Sao Tome<br />
Côte d’Ivoire Gabon<br />
Congo<br />
Ghana<br />
Niger<br />
Tunisia<br />
Libya<br />
Egypt<br />
Chad Sudan Eritrea<br />
Central African<br />
Republic<br />
Cameroon<br />
Angola<br />
Democratic<br />
Republic of<br />
Congo<br />
Burundi<br />
Zambia<br />
Zimbabwe<br />
Namibia<br />
Botswana<br />
South Africa<br />
South<br />
Sudan<br />
Ethiopia<br />
Uganda<br />
Kenya<br />
Rwanda<br />
Tanzania<br />
Malawi<br />
Mozambique<br />
Swaziland<br />
Lesotho<br />
Djibouti<br />
Somalia<br />
Seychelles<br />
Comoros<br />
Madagascar<br />
Mauritius<br />
Reunion<br />
Opportunity indicators<br />
GDP (current)*<br />
Population growth (annual) 2.56%<br />
Population (m) 171.3<br />
Mobile penetration (% of population with mobile<br />
access)<br />
US$262.61bn<br />
58.58 %<br />
Risk indicators<br />
Ease of doing business overall rank out of 184<br />
countries (17th in Africa)<br />
Transparency International Corruption Perceptions<br />
Index (0=highly corrupt, 100=very clean; ranked 38th<br />
in Africa)<br />
Strength of investor protection index (0 =unfavorable,<br />
10=favorable; ranked 12th in Africa)<br />
Logistics Performance Index: overall rank out of 155<br />
countries (25th in Africa)<br />
Urban population (% of total) 49.62 % Democracy score (0=lowest, 10=highest) 4<br />
Real GDP growth (compound average growth rate):<br />
5-year forecast (2018)<br />
Real GDP growth (compound average growth rate):<br />
10-year historical (2003)<br />
GDP per capita (US$): 5-year forecast (2018)<br />
<strong>Country</strong> wealth (1=low income, 2=lower middle,<br />
3=upper middle, 4=high income (non-OECD), 5=high<br />
income (OECD))<br />
5.38 %<br />
6.62 %<br />
US$2,652<br />
2<br />
Mo Ibrahim Index of African Governance (rank out of<br />
52 countries)<br />
Perceptions of governance – rule of law: percentile<br />
rank (0=lowest, 100=highest)<br />
Perceptions of governance – regulatory quality:<br />
percentile rank (0=lowest, 100=highest)<br />
Quality of overall infrastructure (1=extremely<br />
underdeveloped, 7=extensive and efficient by<br />
international standards)<br />
Literacy rate (total population %) 61.3 % Corporate maximum tax rate (%) 30%<br />
Source: The World Bank; OECD National Accounts; United Nations Population Division & World Urbanization Prospects; Oxford Economics; ITU International; Transparency<br />
International; International Bank for Reconstruction and Development; Polity IV Project; Mo Ibrahim Index of African Governance; Worldwide Governance Indicators; WEF Global<br />
Competitiveness <strong>Report</strong>; Worldwide Corporate Tax Guide<br />
• This is <strong>Nigeria</strong> GDP as per World Bank statistics. This is before recent rebasing of <strong>Nigeria</strong>n economy by the <strong>Nigeria</strong>n Bureau of statistics.<br />
131<br />
27<br />
5.7<br />
121<br />
43<br />
25.82<br />
20<br />
3.2<br />
Henry Egbiki<br />
<strong>EY</strong> West Africa Regional Leader<br />
Tel: +234 8023145694<br />
Email: henry.egbiki@ng.ey.com<br />
5 | Africa by numbers A focus on <strong>Nigeria</strong>
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