Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.
Nigeria has many well-prepared businesspeople eager to form partnerships with U.S. counterparts. The U.S. and Foreign Commercial Service, located at the U.S. Consulate General in Lagos, is the front-line U.S. trade agency in Nigeria. Its professional team of American Commercial Officers and Nigerian Commercial Specialists is ready and willing to support U.S. companies interested in this promising market. The Economic Sections at the U.S. Embassy in Abuja and at the U.S. Consulate General in Lagos are similarly ready to provide support and advocacy for U.S. business. Opportunities abound in Nigeria for U.S. exporters in the following sectors:
- Aerospace (aircraft, services, and parts)
- Agricultural products and equipment
- Automobiles, trucks, buses, automotive parts, and accessories
- Computer hardware and software
- Construction and earth moving equipment
- Education and training
- Electricity and power generation
- Healthcare services and medical equipment
- Oil and gas equipment
- Security and safety equipment
The continuing influx of Asian, especially Chinese, suppliers and manufacturers into Nigeria constitutes a major competitive challenge to U.S. business in the industry sectors outlined above, although some local business leaders voice concerns about the low quality of such products and their high rate of penetration. However, the market continues to be very price sensitive, making cheaper Asian goods more competitive.