Nigeria

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).

December 24, 2022
Government Policy on Foreign Investment in Nigeria

The Major Exports in Nigeria

November 28, 2022
Government Policy on Foreign Investment in Nigeria

Mineral Resources in Nigeria

November 15, 2022
Government Policy on Foreign Investment in Nigeria

The Impact of COVID-19 on the Service Sector in Nigeria

October 9, 2022
Government Policy on Foreign Investment in Nigeria

Trademark Registration in Nigeria

October 7, 2022
Government Policy on Foreign Investment in Nigeria

Employment Practices and Legislation in Nigera

September 24, 2022
Government Policy on Foreign Investment in Nigeria

Corporate Taxation in Nigeria

August 29, 2022
Government Policy on Foreign Investment in Nigeria

Business Associations and Their Role in Economic Growth in Nigeria

March 31, 2022
Government Policy on Foreign Investment in Nigeria

How to register a trademark in Nigeria

March 30, 2022
Government Policy on Foreign Investment in Nigeria

Government Policy on Foreign Investment in Nigeria

January 19, 2022
Government Policy on Foreign Investment in Nigeria

An Overview of the Nigerian eCommerce Sector

November 6, 2021
Government Policy on Foreign Investment in Nigeria

An Analysis of the Major Imports in Nigeria: A Comprehensive Review of the Top Ten Largest Imports

October 14, 2020
Government Policy on Foreign Investment in Nigeria

Protecting Your Intellectual Property in Nigeria

October 9, 2020
The Advantages of Incorporating in Nigeria: Tapping into Africa's Largest Economy

Navigating the Export License Process in Nigeria

January 9, 2020
: The Advantages of Incorporating in Nigeria: Tapping into Africa's Largest Economy

Advantages of Incorporating in Nigeria