Strategic geographic position
At the crossroads between Nigeria (approximately 190 million inhabitants) and seven West African countries (more than 90 million people). Fast and secure gateway for landlocked countries such as Niger and Burkina Faso
Stable macroeconomic framework
Average GDP growth rate of 5% over the past five years. National budget deficit forecasted to remain contained to 3% of GDP between 2017 and 2021. Subdued inflation rate of less than 3%
Continuously improving business environment
Simpler, swifter & easier procedures. Creation of businesses under 24 hours. Efficient building permit delivery (7th of 49 SSA countries in Doing Business rankings). Suppression of visas for African country nationals, member of African Trade Insurance Agency
Regional integration
Member of the West African Monetary Union (stable monetary zone) and the Economic Community of West African States (Market access to more than 300 million consumers)
Connectivity
Mobile telephone density 108% in 2015 and mobile internet penetration of 25,2% in 2016. Access to SAT3 and ACE submarine cables
Rich agricultural potential
80% of arable land in the country of which only 20% in use. 70 000 ha of arable land in inner country valleys. 13 billion m3 of surface water reserves and 1.8 billion m3 of underground water reserves for agriculture
