- In 2016, Nigeria’s economy slipped into recession for the first time in more than two decades reflecting adverse economic shocks, inconsistent economic policies, and deepening security problems in the north east and Delta regions.
- The outlook for 2017 is for a moderate economic recovery with real GDP projected to grow at 2.2% spurred by increased infrastructure spending and restoration of oil production to previous levels.
- The government has initiated a plan for an integrated framework for development programmes in the north east through implementation of targeted social safety initiatives across the country. Private investments are a key policy priority, aimed at driving economic diversification through entrepreneurship and industrialisation in the lead sectors of agribusiness, manufacturing and mining.
|Area:||924,000 sq km|
|Total Population 2017:||191.8 Million|
|Urban Population 2017:||73.50%|
|Female Population 2017:||49.70%|
|GDP:||US$ 581.6 Billion|
|GNI Per Capita 2015:||US$ 2,820|
|Crude Birth Rate (per 1000):||38.10%|
|Human Development Index (rank / 188):||152|
|Human Development Index (scale 0 to 1):||0.527|
|Cumulative Approvals (1967-2016):||UA 6.1 Billion|
|P-GA-C00-001|| APPUI TECHNIQUE AU PROGRAMME NATIONAL D’EVALUATION ENVIRONNEMENTALE DES SITES INDUSTRIELS ET DES S ||ApprovedAPVD|
|P-MG-CZ0-002|| PROJET D’AMELIORATION DE L’EFFICACITE POUR LA REDUCTION DES RISQUES DE CATASTROPHES ||ApprovedAPVD|
- 29/11/2017 - The African Development Bank and the European Commission Ink Agreements to Co-Finance Road Projects in West Africa
- 23/11/2017 - AfDB boosts African Agriculture and nutrition with US$ 10 million equity investment in Phatisa Food Fund
- 22/11/2017 - IATA, African Development Bank sign MoU to advance Africa’s aviation