Nigeria in 2009

The document discusses the adverse effects of the global economic recession on Nigeria's economy in 2009, highlighting issues such as falling petroleum prices, capital flight, and a significant budget deficit. It suggests that these challenges will impact investment in infrastructure and growth, potentially exacerbating poverty and hindering achieving the Millennium Development Goals. However, it also identifies numerous investment opportunities in sectors like hospitality, ICT, agriculture, services, construction, energy, and health, which could appeal to foreign investors amid the downturn.