Oil & gas
Agriculture is a key contributor to Nigeria’s economy, accounting for about 24% of total GDP in 2020. The country aims to further boost its agricultural industry through initiatives such as the Agriculture Promotion Policy.Agriculture Promotion Policy
- Aims to raise productivity in domestically focused produce
- Encourages networking between private investors, farmers, and other stakeholders to enhance agricultural quality standards, and deepen the industry’s infrastructure
This creates opportunities for Singapore businesses seeking a foothold in the country. In addition, around 60% of Nigeria’s arable land remains uncultivated, presenting investment opportunities ranging from commodity trading and transportation to the fabrication of small-scale mechanised technologies for on-farm processing.
Learn about Nigeria's business hubs
The capital of Nigeria, Abuja is home to the Nnamdi Azikiwe International Airport, major government bodies and key religious centres. Businesses that want to work closely with Nigeria’s government body will find Abuja an excellent location, given its proximity to the country’s legislative bodies.
Lagos is Nigeria’s most populous city, and its population is expected to double in 2050. This will present opportunities for businesses in many sectors from consumer to education, healthcare, transport and real estate.
Located on the Bonny River in the Niger Delta, Port Harcourt is widely known as the capital of Nigeria’s oil and gas industry. It is also a major industrial centre with a wide range of manufactured products, such as concrete, paint, steel structural products and tobacco. The city also has truck and bicycle assembly plants, and the port has a long history in boat building and fishing.