Nigeria : The return of the Giant

Nigeria’s economic and financial capital is growing at breakneck speed. Accounting for one-third of national GDP in 2022, the mega-city demonstrates once again that it is the country’s locomotive.

Boasting Africa’s highest GDP, Nigeria is a model of success for the entire continent but faces runaway inflation and fallout from the repeal of fuel subsidies. The new government has made growth a priority

As an oil producer with a huge domestic market, Nigeria has spawned some of Africa’s greatest successes, renowned for their generosity. Nevertheless, low taxes on huge earnings have fuelled much public debate.

Thanks to colossal projects like the Dangote mega-refinery, Nigeria is determined to revitalize and make the most of the sector.

The Tinubu administration’s Vision 4D Diplomacy is based on four essential principles: development, democracy, demography and the diaspora.

Henry Dele Alake aims to transform and reposition the country’s mining industry with regard to human and financial factors and boost the sector with a view to diversifying the economy.

In mid-October 2023, Mbembo Bemba, FirstBank regional director in Lubumbashi, Democratic Republic of Congo, attended the first Nigeria Mining Week in Abuja. He shared his thoughts with us.

Nigerian music has gone global, with international superstars, planetary hits, soaring revenues and Afrobeat resonating in recording studios worldwide. Jeune Afrique looks at a unique phenomenon out of Africa. 

The world’s fastest growing movie industry and famous celebrities offer Nigeria an impressive source of revenue and opportunities.