NES imformation brochure
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Nigeria is Africa's most populous country -170million people.<br />
She is Africa’s largest exporter of Crude oil.<br />
Nigeria is Africa’s largest economy which is due to new and fastdeveloping<br />
sectors such as services: telecoms services, soft wares,<br />
digital television, videos, music and local movie industry, Nollywood;<br />
subscriptions for cable television, payment gateways, tech support<br />
retail and wholesale trade, telecommunications, banking, faith events.<br />
Spurred by favorable government policies and increased foreign direct<br />
investment (FDI), growth in these industries has helped to diversify<br />
Nigeria’s economy, which a major statistical rebasing three years ago<br />
revealed to be the largest in sub-Saharan Africa.<br />
Services Industry valued at $28 Trillion globally, and for Nigeria- $<br />
Agriculture is the largest sector at 42% of total GDP<br />
Fastest growing segments-wholesale/retail: telecoms (accounts for 35%)<br />
Crude Oil/Natural Gas-13.5%<br />
Industry accounts for 9%<br />
There is access to credit (Bank of Industry, Nexim etc.)<br />
Classified as a newly emerging market (CIA, 2010)<br />
World Bank Ease of Doing Business Ranking: 145 (Source: World Bank/IFC/Trading<br />
Economics).<br />
NIGERIA: ECONOMIC REVIEW
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