About

 

The Hospitality9ja Magazine is the 1st hospitality magazine in Nigeria. It’s an all glossy publication that explores and as well celebrate glamor and the exotic nature of the nation’s hospitality industry and the world at large. The magazine serves as an inspiration to tourists, domestic travelers and investors and as a marketing tool to boost ROI.

LEARN ABOUT NIGERIA

Nigeria is strategically located in the Gulf of Guinea with direct freight access to North America and Europe. She is often referred to as the ‘’Giant of Africa, as the most populous country in Africa and the 7th most populous in the world, with over 180 million inhabitants. Nigeria has over 500 ethnic groups and languages and the three major ones are the Hausa, Igbo, and Yoruba.  Nigeria is among the ten fastest growing economies in the world and also being considered to be an emerging market by the World Bank and has been identified as a regional power on the African continent and Middle power in international affairs and recognized as an emerging global power.

Aside from the fact that Nigeria is endowed with rich cultural heritage and beautiful people, Nigeria offers one of the most rewarding investment returns, not only in Africa but in the World.

Nigeria operates a free Market Economy where investors are allowed 100% ownership of investment in any sector irrespective of nationality. No nationalization or expropriation of businesses by any tier of the government of the federation. Free Flow of Investment where exchange control regulations are liberalized. Also, guaranteed unconditional transferability/ reputation of profit and dividends net taxes through an authorized dealer, in freely convertible currency.

Nigeria has enormous resources, most yet to be fully exploited.

TOURISM

Tourism Industry has a greater potential than any other single industry in Nigeria. The prevalence of several natural and historic tourist sites add to the industry’s potential to become one of the effective generators of revenue for the country when fully developed. The film industry, being the 3rd largest in the world, currently contributes over two percent (2%) to the Gross domestic product (GDP) with the vast potential of expansion.

AGRICULTURE

This is the most important non-oil economic activity in Nigeria. One of the most lucrative sectors to invest in Nigeria. The single largest employers of the labor force (65 percent) and contributed 22.90% to Gross Domestic products (GDP0 in 2011. Over 84million hectares of the total land area has potential for agricultural activities with only 40% in use

Agribusiness; Manufactures and distribution of farm equipment and supplies. Processing, storage, and distribution of farm commodities. Great opportunities are available in the country in food processing value chain of rice, sugar cane, cassava, cocoa, cashew, tomatoes, fruits (oranges, pineapples, mangoes, etc) and food crop packaging.

SOLID MINERALS

Nigeria is richly endowed with a variety of solid minerals of various categories ranging from precious metals to precious stones and industrial minerals. The commercial value of Nigeria’s solid mineral has been estimated to run into billions of dollars. Forty-four (44) solid minerals are found in commercial quantities and are spread across the 36 states of the federation and FCT Abuja. Gold, coal, bitumen, limestone, iron, ore, lead/zinc, and barites are strategic solid minerals being prioritized and promoted for private sector participation and investment by the Federal Government of Nigeria.

POWER

Nigeria remains one of the most competitive destinations with huge untapped resources in power generation, distribution, and transmission. Access to power is currently limited to only approximately 40% of the Nigerian population and power supply averages 3,500MW versus a suppressed demand that is estimated at 10,000MW daily. By 2020, Nigeria’s power generation capacity is projected to be in excess of 40GW and energy mix will consist 69% thermal generation: 17% Hydro: 10% Coal: and about 4% renewable. The government recently handed over six generation companies and eleven distribution companies to private investors in its bid to revamp the sub-sector.

RENEWABLE ENERGY

Solar: With abundant sunlight in the country, investment opportunity abounds for the manufacture and implementation of solar panels

Wind: Investment opportunity abounds for the manufacture of wind turbines and implementation of wind farms

Biomass: With an abundant mass of waste generated in the country, investment opportunity abounds in this long-term sustainable energy source.

AUTOMOTIVE

The Nigerian market for an automobile in substantial and can readily sustain an automobile industry. In 2012, the country imported about $4 billion worth of automobiles of which about two-thirds were pre-owned (UNCTAD). A growing middle class (40 million with a potential market of 1 million vehicles annually). Annual spending vehicles import is over $3.5billion and still growing. Regional export potential into the West (ECOWAS) and Central African markets.

 

Lagos Island
Economic Facts about Nigeria
Nigeria is the 22nd largest economy, worth more than $500 billion in terms of nominal GDP
Nigeria has been projected to be the first African’s Trillion Dollar economy by 2030
Nigeria has been a leading destination for Foreign Direct Investment. Over the last 14years, net FDI has grown by 337%
The Nigeria Stock exchange is the second largest in Africa
Nigeria is projected to be the 6th largest economy in the world by 2040 (Citigroup Global Markets, ‘’February 21, 2011)
Nigeria has easy access to the developed markets of North America and Europe, which have a combined GDP exceeding US$30 trillion
Nigeria attracted $75.4 Billion Foreign Direct Investment (FDI) since 1999 and generated $22.4 Billion in about three decades earlier
Nigeria is ranked fourth globally- on return of investment –on the average FDI makes a return of 36%
Nigeria has one of the fastest growing telecommunications markets in the world
Nigeria is a home to the world largest cement companies; net importer in 2012 and has become net exporter since 2013 a caption

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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