West Africa

Nigeria

Sovereign risk BNGN
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Africa's largest economy by GDP. Deep infrastructure gap across power, logistics, and urban transit with an active federal PPP pipeline.

GDP
$477B
Currency
NGN
Risk
B
Open now
4
PPP pipeline
2
Bankable
0
2 tenders

Economy · Économie

National colours
Live exchange rate
1 USD = NGN
1 EUR = NGN
Reference rateopen.er-api.com
Unemployment
5.0%
Human Development (HDI)
0.560Medium
World rank #164 · UNDP 2023
Economic zones
ECOWASAUAfCFTA
Memberships & trade blocs for Nigeria
Public debt
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IMF program status

No active programCompleted
Nigeria — IMF engagement
IMF country page
Approved
RFI COVID-19 2020
Envelope
Last review
Article IV surveillance only

Reform program executed without IMF financing.

Key sectors

Where deal flow is concentrated in Nigeria today.

Transport & Logistics
Ports, rail, roads, aviation
2
Energy & Power
Renewables, transmission, off-grid
1
Water & Sanitation
Treatment, distribution, reuse
1

Risk notes

Sovereign credit ratings
Long-term foreign-currency issuer ratings from the three major international agencies.
Bloomfield rating (regional scale)
African regional credit rating agency (WAEMU / CEMAC national scale).
Bloomfield

Not currently rated by Bloomfield Investment Corporation.

Politicalmedium

Stable transitions of power, standard election cycles.

Macro / FXmedium

Manageable inflation with occasional currency pressure.

Regulatorylow

Established procurement code and PPP framework.

Executionmedium

Delivery track record varies by sector and sponsor.

National strategic plans

Official strategic plans and reference documents — download directly from source.

Opportunities in Nigeria

4 live · $3.76Bn notional