Region of Focus (ROF) - Nigeria
The economy of Nigeria historically was based on agriculture, and about 70% of the workforce is still engaged in farming (largely of a subsistence type). The chief crops are cocoa, peanuts, palm oil, corn, rice, sorghum, millet, soybeans, cassava, yams, and rubber. In addition, cattle, sheep, goats, and pigs are raised.
Petroleum is the leading mineral produced in Nigeria and provides about 95% of foreign exchange earnings and the majority of government revenues. Other minerals extracted include tin, iron ore, coal, limestone, columbite, lead, zinc, and gold.
Except when oil prices are low, Nigeria generally earns more from exports than it spends on imports. Other important exports include cocoa, rubber, and palm products. The main imports are machinery, chemicals, transportation equipment, manufactured goods, food, and live animals. The United States is by far the largest trading partner, followed by China, Brazil, Spain, and Great Britain.
Why Nigeria?
- Nigeria is one of the largest markets in Africa with over 140 million people. It is one of the foremost economies in Africa alongside Egypt & South Africa with a booming oil & gas sector and emergent telecoms industry.
- Small and Medium Business Enterprises.
- Infrastructure Development
- Health and Education/management of healthcare for private and public sector.
- Management Services to help companies develop systems and processes
- Power Generation and Independent Power Projects.
- Sewage and refuse disposal/recycling
- Real Estate Housing Development………Much more projects to engage!!!