On this page you will find beneficial information regarding foreign direct investment in / trading with Nigeria. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Federal Presidential Republic
Population: 213.4 million (2021)
GDP: 12.31 billion USD (2021)
Corporate Tax Rate: 30 %
Personal Income Tax Rate: 11% - 24%
Major Exports: Crude Petroleum ($41.8B), Petroleum Gas ($8.52B), Special Purpose Ships ($1.25B), Cocoa Beans ($779M), and Refined Petroleum ($667M), exporting mostly to India ($9.07B), Spain ($6.7B), United States ($3.69B), France ($3.32B), and China ($3.05B).
Major Imports: Refined Petroleum ($11.3B), Wheat ($3.32B), Cars ($2.42B), Packaged Medicaments ($972M), and Broadcasting Equipment ($934M), importing mostly from China ($21.9B), India ($4.75B), Netherlands ($4.58B), United States ($4.42B), and Belgium ($2.34B).
Investment Agency: Nigerian Investment Promotion Commission
National Chamber of Commerce: Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA)
Customs Agencies: Nigeria Customs Service (NCS)