Nigeria’s intra-regional trade within Africa will be Nigeria’s fastest growing source of growth. Exports to the Middle East and North Africa region are also expected to witness solid growth. Nigeria’s import needs will rise rapidly, both in terms of capital goods for infrastructure and consumer products for the domestic market. India has overtaken the US to become Nigeria’s major export trading partner and will become Nigeria’s fastest growing import partners, followed by Brazil.
African countries need to invest in infrastructure, both human and physical. Without these investments their growth will not be sustainable. Prospects for UK businesses in Nigeria are especially promising in the following sectors: oil and gas equipment, healthcare services and medical equipment, electrical power generating equipment, computer hardware/software, telecommunications equipment, automobile parts and accessories and construction.
Visit Export Britain for more information and to find support in this market.