Nigeria is the giant of Africa. Still, many of us do not know about the country in depth. This presentation covers overview of Nigeria and its importance to the world economy. It contains swot analysis of Nigeria and trade information. It gives information regarding availability of fund resources to start business in Nigeria.

1. NIGERIA
• Mr. Sangram Kiran Pisat
• SIMSREE 2017-19
• Country Analysis

2. NIGERIA – “GIANT OF AFRICA”
• Capital- Abuja
• Largest city- Lagos
• Most populous country of Africa with 188 million inhabitants.
• Current president- Mr. Muhammadu Buhari
• Officially a democratic secular country.
• Natural resources-
1. Most valuable natural minerals- Crude oil and gas
2. Main export crops- palm oil, cocoa, peanuts, rubber, cotton,
tin, wood.
3. Other important natural resources- Marble, Clay, Tantalite,
Gold, Dolomite, Phosphate, Uranium and Amethyst.

3. NIGERIA – “GIANT OF AFRICA”
• Labour-
1. One of largest population of youth (Age 18-35)
2. Trend of educated and skilled workers going abroad.
3. 14.2 % unemployment rate in 2016
4. Literacy rate- 59.6%
5. Labour force of 74 million in 2015
• Economic sectors in Nigeria-
1. Oil industry- 95% of country’s total revenue.
2. Agriculture sector- 6th rank in farm output
3. Farm sector provides employment to 30% of the population.
4. Film industry Nollywood- 2nd largest producer of movies in
world.

4. NIGERIA – “GIANT OF AFRICA”
• Entrepreneurship-
• Ease of doing business rank- 169th in world.
• Policies to help in funding the start up-
1. BoI- Bank of Industry fund
2. Tony Elumelu foundation- $100 million for 10,000 African
Entrepreneurs.
3. GroFin fund- $500 million for micro, small and medium
businesses in India.
4. Shell LiveWire
5. Lagos State Employment Trust Fund
6. Oxfam

5. SWOT ANALYSIS OF NIGERIAN ECONOMY
• Strength-
1. Large amount of youth manpower
2. Natural potential for agriculture development
3. Stable supplier of oil
• Weakness-
1. Underdevelopment of other industries due to the dominance
of oil and gas industry.
2. Less investment in industries other than oil and gas.
3. Inability to cover the need of food in country.
4. Corruption

6. SWOT ANALYSIS OF NIGERIAN ECONOMY
• Opportunities-
1. Major importer of crude oil makes Nigeria an important and
profitable niche in international economic relations.
2. Interest of other countries in order to support Nigeria to
maintain the stability and development.
• Threats-
1. Fall in price of oil.

7. TRADE
• Export-
• 49th largest export economy in the world.
• $47.8 billion export in 2015.
• Top three export of the Nigeria-
1. Crude petroleum- $36.9 billion
2. Petroleum gas- $7.39 billion
3. Refined petroleum- $630 million
• Top three export destinations-
1. India- $9.1 billion
2. Spain- $4.63 billion
3. South Africa- $4.58 billion

8. TRADE
• Import-
• 53rd largest importer in the world.
• Import of $39.5 billion in 2015.
• Top three imports of Nigeria
1. Refined petroleum- $6 billion
2. Wheat- $1.09 billion
3. Packaged medicaments- $954 million
• Top three import sources-
1. China- $13.6 billion
2. The United States- $3.24 billion
3. Netherlands- $3.22 billion

9. REFERENCES
1. https://en.wikipedia.org/wiki/Nigeria
2. https://www.naij.com/1094807-natural-resources-nigeria.html
3. https://tradingeconomics.com/nigeria/unemployment-rate
4. http://www.our-africa.org/nigeria/economy-industry
5. http://www.hcresearchportal.com/reports/nigeria
6. http://www.businessdayonline.com/7-funds-available-nigerian-
entrepreneurs-2017-2/
7. http://www.essay.tv/the-nigerian-economy-and-swot-analysis/
8. http://atlas.media.mit.edu/en/profile/country/nga/

10. THANK YOU !!!