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Nigeria is the land of all records in Africa!

With over 220 million inhabitants in 2024, Nigeria is the most populous country in Africa and, by 2050, with 400 million inhabitants, it will become the third most populous country in the world, after India and China.

Nigeria long held the position of Africa’s largest economy in terms of nominal GDP (450b$ in 2023) before being overtaken by Egypt and South Africa in 2024, following a significant devaluation of its national currency (the naira). Nevertheless, the country remains the 3^rd third−largest economy on the continent (270b$ in 2024) and is expected to regain its leadership position by the end of the decade (around 2030), becoming the 15th largest global economy by 2050, according to projections.

Since President Tinubu came to power in the summer of 2023, the country has undertaken significant economic reforms, particularly in the hydrocarbons, energy, and infrastructure sectors, aiming to diversify its economy and reduce its dependence on oil revenues. The macroeconomic context, although marked by challenges such as inflation and currency fluctuations—now stabilizing—offers significant opportunities in key sectors such as industry, agriculture & agribusiness, energy, healthcare, construction & infrastructure, and services.

The ongoing reforms, coupled with an improving business environment, create a favorable framework for partnerships and investments.

As the continent’s largest reserves holder and top hydrocarbon producer, Nigeria has the means to achieve long-term development. Although this sector remains the country’s primary source of foreign exchange, it accounts for only 10% of its GDP, which is far more diversified than many imagine (agriculture, industry, construction, services).

The Nigerian private sector is highly developed, competent, and dynamic across all industries. These are reliable clients and/or partners that our businesses can rely on for their market expansion.

The bilateral relationship between our two countries is excellent, as demonstrated by President Tinubu’s state visit to Paris in November 2024, which strengthened our strategic partnership in numerous areas (economy, cooperation, culture, youth, ICC, defense).

In summary, Nigeria is a country of all records thanks to its size, diversity, economic potential, and cultural influence. Despite its challenges, it remains an indispensable player in Africa and on the global stage.

Don’t be deterred by negative press about Nigeria. The market is unavoidable, and it is possible to do business there smoothly with the right support and the right partners!