Economic Overview & Business Opportunities
Nigeria’s capital city is clocking population growth of nearly 9%. To meet the city’s rising needs, foreign and domestic investors have pledged to invest nearly USD2-billion in 10 new districts of Abuja being built by the Federal Capital Territory Administration (FCTA).
The investors will focus on housing, roads, water and electricity, boosting the country’s non-oil growth.
As per International Monetary Fund; Non-oil GDP growth is projected to moderate to 7.8% in 2012, reflecting the tighter monetary and fiscal policies and a softer global economy, while overall GDP growth would rise slightly to 6.8% on the basis of a moderate rebound in oil output.