Doing business in Nigeria

May 30, 2024

Political situation

Nigeria is a federal republic. It is a parliamentary democracy with an executive, legislature and judiciary. The executive is divided into three levels: federal, state and local. The legislature is divided into two houses of parliament, the House of Representatives and the Senate. The President of Nigeria is the Head of State and the Head of Government.


GDP – per capita:                                             US$2,250 (2020)

GDP – real growth rate:                                    2.9% (2020)

Labour force:                                                   82.3m (2020 estimate)

Unemployment:                                               27.1% (August 2020 estimate)

Currency (code):                                              Naira (NGN)

Doing Business in Nigeria