Nigeria Country Information

Its population of around 174 million people (400 million by 2030, making it the third most populous country after India and China) offers enormous potential for Swiss companies. There is, however, one important factor to remember. The country's primary export product is oil (70% of its total exports), meaning that any drop in the price of raw materials has a direct effect on the Nigerian economy. This is the case with the current low prices for raw materials. The Nigerian economy has been deep in crisis for the past two years or so, and projections do not seem to indicate any rapid recovery.  Those who succeed in positioning themselves correctly in Nigeria, however, will enjoy an enormous lead in gaining access to further African markets.