Nigeria SWOT Analysis 麻豆原创 Research Report

Publication ID:

MRR1219002

Publication Date:

December 6, 2019

Pages:

Publisher:

麻豆原创 Research Reports, Inc

Countries:

Nigeria [1]

USD 350.00

Business & Government [2]

Country SWOT Analysis [3]

Description:

Petroleum, travel and tourism, transport, ICT, insurance and finance, cocoa beans, wood, gold, fertilizers and textiles are major industries of Nigeria. In 2017, Agriculture industry contributed 20.85% to GDP of Nigeria. Manufacturing had a share of 22.32% while services industry had a share of 55.80% of GDP in 2017.

In 2017, Services industry exports was valued at USD 5.02 billion for Nigeria. Chemicals export accounted for USD 361 million, minerals for USD 45.8 billion and agriculture for USD 2.22 billion in 2017.

Nigeria, officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in the north. Its coast in the south lies on the Gulf of Guinea on the Atlantic Ocean. Nigeria is often referred to as the giant of Africa due to its large population and economy. Nigeria is a multi-ethnic and culturally diverse federation which consists of 36 autonomous states and the Federal Capital Territory. With an abundance of natural resources, it is Africa鈥檚 biggest oil exporter, and has the largest natural gas reserves on the continent.

Nigeria will have estimated population of 199.206 million in the year 2019 and expected to reach 228.146 million by 2024. Nigeria鈥檚 unemployment rate was 22.562% of total labor force 2018. Nigeria鈥檚 real gross domestic product (GDP) was estimated to be around NGN 72061.09 billion in 2019 whereas the nominal GDP was estimated to be NGN 144597.741 billion. This will result in GDP deflator 200.66. Per capita GDP is estimated to be USD 2233.45 whereas purchasing power parity (PPP) based per capita GDP is estimated to be at USD 6098.34.

In 2019, Nigeria government鈥檚 revenue is estimated to be NGN 10084.57 billion whereas the expenditure is estimated to be NGN 17461.39 billion. This will result Nigerian government鈥檚 net lending / borrowing negative at NGN 7376.83 billion in 2019 indicating that enough financial resources will not be made available by the government to boost economic growth.

The current account balance for Nigeria is estimated to be at USD 1.564 billion for the year 2019 and is expected to decline at a CAGR of 49.17% and reach USD 0.091 by 2024. This positive current account balance indicates that Nigeria is net lender to the whole world.

In World Bank鈥檚 ease of doing business ranking Nigeria was ranked 131 out of 190 countries in 2019. Nigeria鈥檚 ease of doing business ranking has improved from 146th position in 2018.

Scope of Nigeria 鈥� SWOT Analysis and Macroeconomic Trends Report

This report provides information about key macroeconomic indicators for Nigeria.
This report provides SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis for Nigeria.

Table Of Contents:

1. Executive Summary

Scope of Nigeria 鈥� SWOT Analysis and Macroeconomic Trends Report

Research Methodology

2. Nigeria - Country Overview

2.1 People Indicators

2.1.1 Population

2.1.2 Unemployment

2.2 National Accounts Indicators

2.2.1 Real Gross Domestic Product

2.2.2 Nominal Gross Domestic Product

2.2.3 Gross Domestic Product Deflator

2.2.4 Per Capita Gross Domestic Product

2.2.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP

2.2.6 Total Investment / Gross Capital Formation

2.2.7 Gross National Savings

2.3 Monetary Indicators

2.3.1 Consumer Price Index (CPI) Inflation

2.4 Trade Indicators

2.4.1 Change in Import Volume of Goods & Services

2.4.2 Change in Export Volume of Goods & Services

2.5 Government Finance Indicators

2.5.1 Government Revenue

2.5.2 Government Expenditure

2.5.3 Government Net Lending / Borrowing

2.5.4 Government Gross Debt

2.5.5 Government Net Debt

2.6 Balance of Payment Indicators

2.6.1 Current Account Balance

2.7 Ease of Doing Business in Nigeria

3. SWOT Analysis of Nigeria

3.1 Strengths

3.2 Weaknesses

3.3 Opportunities

3.4 Threats

List of Exhibits

Notes

List of Exhibits

Exhibit 2.1 Population of Nigeria (in millions)

Exhibit 2.2 Unemployment Level in Nigeria (in %)

Exhibit 2.3 Real GDP of Nigeria (in NGN billions)

Exhibit 2.4 Nominal GDP of Nigeria (in NGN billions)

Exhibit 2.5 Nominal GDP of Nigeria (in USD billions)

Exhibit 2.6 GDP Deflator Index for Nigeria

Exhibit 2.7 Per Capita GDP of Nigeria (in USD)

Exhibit 2.8 PPP Per Capita GDP of Nigeria (in USD)

Exhibit 2.9 Total Investment of Nigeria (in %)

Exhibit 2.10 Gross National Savings of Nigeria (in %)

Exhibit 2.11 Consumer Price Index (CPI) Inflation of Nigeria

Exhibit 2.12 Change in Import Volume of Goods & Services of Nigeria (in %)

Exhibit 2.13 Change in Export Volume of Goods & Services of Nigeria (in %)

Exhibit 2.14 Government Revenue of Nigeria (in NGN billions)

Exhibit 2.15 Government Revenue of Nigeria (in % of GDP)

Exhibit 2.16 Government Expenditure of Nigeria (in NGN billions)

Exhibit 2.17 Government Expenditure of Nigeria (in % of GDP)

Exhibit 2.18 Government Net Lending / Borrowing of Nigeria (in NGN billions)

Exhibit 2.19 Government Net Lending / Borrowing of Nigeria (in % of GDP)

Exhibit 2.20 Government Gross Debt of Nigeria (in NGN billions)

Exhibit 2.21 Government Gross Debt of Nigeria (in % of GDP)

Exhibit 2.22 Government Net Debt of Nigeria (in NGN billions)

Exhibit 2.23 Government Net Debt of Nigeria (in % of GDP)

Exhibit 2.24 Current Account Balance of Nigeria (in USD billions)

Exhibit 2.25 Current Account Balance of Nigeria (in % of GDP)

Exhibit 2.26 Nigeria - Ease of Doing Business Ranking from 2008-2019

Exhibit 3.1 SWOT Analysis of Nigeria

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