Nigeria PESTLE Insights - A Macroeconomic Outlook Report
Nigeria PESTLE Insights - A Macroeconomic Outlook Report
SUMMARY
The agriculture sector contributed 22.1% to the gross value added (GVA) in 2019, followed by wholesale, retail and hotels, and mining, manufacturing and utilities which contributed 16.6 and 21.4%, respectively. According to GlobalData, the three sectors are expected to grow by 13.39%, 2.82%, and -1.15%, respectively, in 2020.
Lagos generated around 7.24% of Nigeria’s GDP and comprised 6.29% of the country’s population, as of 2019
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SUMMARY
The agriculture sector contributed 22.1% to the gross value added (GVA) in 2019, followed by wholesale, retail and hotels, and mining, manufacturing and utilities which contributed 16.6 and 21.4%, respectively. According to GlobalData, the three sectors are expected to grow by 13.39%, 2.82%, and -1.15%, respectively, in 2020.
Lagos generated around 7.24% of Nigeria’s GDP and comprised 6.29% of the country’s population, as of 2019
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- In January 2019, President Muhammadu Buhari signed an executive order on the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, which is a PPP for the construction, repair, and maintenance of important road infrastructure in major economic areas. The scheme will be operational for the next 10 years.
- Overall, the NSE exhibited an upward trend over the last year. As of November 02, 2020, NSE index stood at 30,530.69 as compared to 26,293.30 on November 02, 2019
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
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Country Highlights
COVID-19 Impact
Country Snapshot
PESTLE Insights
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
Outlook
Country Highlights
COVID-19 Impact
Country Snapshot
PESTLE Insights
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
Outlook
LIST OF FIGURES
Exhibit 1: Nigeria’s Performance in terms of its Country Risk Analysis in Comparison to the Middle East, Africa and the World
Exhibit 2: Performance Overview (Score: 1-100)
Exhibit 3: Broad Categories and Weights Behind the Index
Exhibit 4: NSE Index
Exhibit 5: Key Sectors’ Contribution to the Economy (2015-2022f)
Exhibit 6: FDI Inflows, FDI Stock, and Greenfield Investment Projects (2016-2019)
Exhibit 7: Key Infrastructure Indicators
Exhibit 8: Real GDP and Household Consumption Growth Rate (2015-2022f)
Exhibit 9: Real GDP Growth Rate Comparison (2019)
Exhibit 10: Export, Import and Trade Balance (2015-2019)
Exhibit 11: Current Account Balance (2015-2022f)
Exhibit 12: Top Three Commodity Exports, % of Total Exports (2016-2019)
Exhibit 13: Mineral Fuels, Mineral Oils and Products of their Distillation, % of World Total Exports (2019)
Exhibit 14: Interest Rates (October 2015- October 2020)
Exhibit 15: Exchange Rate (2015-2022f)
Exhibit 16: Public Finance (2015-2022f)
Exhibit 17: General Government Debt (2015-2022f)
Exhibit 18: Unemployment (2015-2019)
Exhibit 19: Employment by Sector (2015-2019)
Exhibit 20: Labor Force Participation Rate (2015-2019)
Exhibit 21: Rural/Urban Share in Total Population (1995, 2005, 2015, 2025f)
Exhibit 22: Age-group Share of Total Population (1995, 2005, 2015, 2025f)
Exhibit 23: Gender Split (1995, 2005, 2015, 2025f)
Exhibit 24: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate (2019)
Exhibit 25: Number of Patents Granted Per Million People (2019)
Exhibit 26: High-technology Exports (% of Manufactured Exports) (2019 or latest year available)
Exhibit 27: Doing Business in Nigeria 2020
Exhibit 28: Corruption Perception Index (Rankings) (2019)
Exhibit 29: CO2 Emissions (2012-2017)
Exhibit 1: Nigeria’s Performance in terms of its Country Risk Analysis in Comparison to the Middle East, Africa and the World
Exhibit 2: Performance Overview (Score: 1-100)
Exhibit 3: Broad Categories and Weights Behind the Index
Exhibit 4: NSE Index
Exhibit 5: Key Sectors’ Contribution to the Economy (2015-2022f)
Exhibit 6: FDI Inflows, FDI Stock, and Greenfield Investment Projects (2016-2019)
Exhibit 7: Key Infrastructure Indicators
Exhibit 8: Real GDP and Household Consumption Growth Rate (2015-2022f)
Exhibit 9: Real GDP Growth Rate Comparison (2019)
Exhibit 10: Export, Import and Trade Balance (2015-2019)
Exhibit 11: Current Account Balance (2015-2022f)
Exhibit 12: Top Three Commodity Exports, % of Total Exports (2016-2019)
Exhibit 13: Mineral Fuels, Mineral Oils and Products of their Distillation, % of World Total Exports (2019)
Exhibit 14: Interest Rates (October 2015- October 2020)
Exhibit 15: Exchange Rate (2015-2022f)
Exhibit 16: Public Finance (2015-2022f)
Exhibit 17: General Government Debt (2015-2022f)
Exhibit 18: Unemployment (2015-2019)
Exhibit 19: Employment by Sector (2015-2019)
Exhibit 20: Labor Force Participation Rate (2015-2019)
Exhibit 21: Rural/Urban Share in Total Population (1995, 2005, 2015, 2025f)
Exhibit 22: Age-group Share of Total Population (1995, 2005, 2015, 2025f)
Exhibit 23: Gender Split (1995, 2005, 2015, 2025f)
Exhibit 24: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate (2019)
Exhibit 25: Number of Patents Granted Per Million People (2019)
Exhibit 26: High-technology Exports (% of Manufactured Exports) (2019 or latest year available)
Exhibit 27: Doing Business in Nigeria 2020
Exhibit 28: Corruption Perception Index (Rankings) (2019)
Exhibit 29: CO2 Emissions (2012-2017)