Nigeria

One in five Africans is Nigerian and although it has the largest economy in Africa, around 100 million Nigerians continue to live in poverty. Reducing poverty is a government priority.

The Nigeria economy has been growing at about 6-7% over the last few years, and most of this growth has come from the Micro, Small and Medium Enterprises (MSMEs) which contribute over 45% of the GDP, and employ about seven in ten working people. However, these businesses need loans to grow and only 3% of the funding needs of these MSMEs are met by the formal financial sector in the country.

That’s why AGI is serving as project manager for the Development Bank of Nigeria, and was responsible for coordinating all the activities required for the successful launch of the bank earlier this year.  This work builds on the small role AGI played in improving the efficiency of the EMIT secretariat, introducing the previous government’s Transformation Agenda’s reforms. 

Small and medium size businesses drive the economy in Nigeria - providing funding to them will help the economy and create jobs
Tunde Ladipo, Former AGI Nigeria Country Head

Highlights

There are millions of small business owners in Nigeria, who struggle to get loans to expand their businesses. But that might be about to change.
The Nigerian government has launched a National Development Bank, set to fund 200,000 small businesses in its first year.

20,000

Twenty thousand small businesses to benefit from Development Bank of Nigeria's loans in first year.

994km

The railway from Kano to Lagos, an important commercial corridor, has been repaired.

AGI In Action

Sep 2016

Jul 2016

Feb 2016

Twitter

Nigeria has more Facebook users than anywhere else in Africa. See how Facebook use is growing via @qzafrica t.co/x3STWv473o

11th February 2016

Dec 2015

Nov 2015

Sep 2015

Twitter

To achieve #GlobalGoals developing countries need to be in driving seat, find out why t.co/rtb0CWm0eS t.co/7MPPzhPJTo

25th September 2015

Aug 2015

Apr 2015

Twitter

.@tonyblairoffice told the @MilkenInstitute this week that Africa is 'the most exciting continent on the planet'. t.co/V21YQ4YNjy

30th April 2015
Twitter

What have AGI teams achieved since 2008? Here's some practical examples #gpf15 t.co/3GzlTc7Lzh

23rd April 2015

Mar 2015

news
The Nigerian government has launched a National Development Bank, set to fund 200,000 small businesses in its first year.
27th March 2015
Twitter

Africa is bigger than China, the US, India and Western Europe put together, check out @VoxMaps t.co/TDDgh4jfR4 t.co/ncjJDNYxSN

18th March 2015
Twitter

#Rwanda and #Nigeria top the list of developing countries with affordable internet, check out @A4A_Internet's report t.co/9awsXj4uG2

5th March 2015

Feb 2015

Twitter

Mapping Africa (& the world) by population size gives you a different perspective: t.co/c5uErWYzdX t.co/e1aUhg8Q1N

18th February 2015