Nigeria - Best Business Opportunities, Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship

Description:

Nigeria is situated in the WestAfrican region and its coast in the south lies on the Gulf of Guinea in theAtlantic Ocean. It comprises 36 states and the Federal Capital Territory, wherethe capital, Abuja is located. Nigeria lies between longitudes 3 degrees and 14degrees and latitudes 4 degrees and 14 degrees. It has a land mass of 923,768sq.km. It is bordered to the north by the Republics of Niger and Tchad; itshares borders to the west with the Republic of Benin, while the Republic ofCameroun shares the eastern borders right down to the shores of the AtlanticOcean which forms the southern limits of Nigerian Territory. The 800km ofcoastline confers on the country the potentials of a maritime power. Land is inabundance in Nigeria for agricultural, industrial and commercial activities.Modern-day Nigeria has been the site of numerous kingdoms and tribal states formillennia. Nigeria is often referred to as the "Giant of Africa",owing to its large population and economy. With approximately 174 million inhabitants,Nigeria is the most populous country in Africa and the seventh most populouscountry in the world. Nigeria has one of the largest populations of youth inthe world. As of 2015, Nigeria is the world's 20th largest economy, worth morethan $500 billion and $1 trillion in terms of nominal GDP and purchasing powerparity respectively. It overtook South Africa to become Africa's largesteconomy in 2014. Also, the debt-to-GDP ratio is only 11 percent, which is 8percent below the 2012 ratio. Nigeria is considered to be an emerging market bythe World Bank; it has been identified as a regional power on the Africancontinent, a middle power in international affairs, and has also been identifiedas an emerging global power.

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