Market intelligence

Context for partners assessing Nigeria and Anambra State.

Nigeria

Large, young market

Africa's most populous country, with a youthful workforce and strong demand for power and housing.

Why local preparation matters

Many opportunities exist; fewer are prepared to the standard financiers require.

138 millionNigerians of working age (15 to 64) in 2026, about 56% of the population in 2024.Source: World Bank and UN World Population Prospects data, via GeoRank.

19.2 yearsNigeria’s median age (2025). The UN projects about 24.8 by 2050, so the workforce stays young for decades.Source: same.

41%of Nigerians were under 15 in 2024: the next generation of workers and consumers.Source: World Bank World Development Indicators, via Statistics of the World.

456 millionpeople in West Africa (ECOWAS), with a median age of 18.2 years.Source: ECOWAS, February 2026, as reported by NAN.

1.3 billionpeople in the African Continental Free Trade Area, with a combined GDP above US$3.4 trillion.Source: ECOWAS, as reported by NAN.

86.8 millionNigerians without electricity access in 2023, the largest deficit of any country; 61% had access.Source: World Bank, Tracking SDG7: The Energy Progress Report 2025, as reported by Guardian Nigeria.

15 millionhousing units: the Federal Government’s official deficit estimate (2026). Earlier estimates ranged from 15 to 28 million.Source: Federal Ministry of Housing and Urban Development, as reported by NAN.

4.43%real GDP growth in the second quarter of 2026, year on year (3.89% in the first quarter).Source: National Bureau of Statistics, as reported by Tech Economy.

4.4%the World Bank’s 2026 growth estimate for Nigeria, upgraded from 3.7%.Source: World Bank, as reported by Nairametrics.

6.75%real growth in the construction sector in the second quarter of 2026.Source: National Bureau of Statistics, as reported by Guardian Nigeria.

15.3% fallin real output of the electricity and gas supply sector in the first quarter of 2026: reliable power remains the constraint on industry.Source: National Bureau of Statistics, as reported by Voice of Nigeria.

0.548Nigeria’s Human Development Index in 2022, up 22% since 2003 but still in the low category: progress with a wide development gap that investment can help close.Source: UNDP, Human Development Report 2023/24, via UNDP Nigeria.

Why this matters to investors

A deep, young workforce

Nigeria has the largest working-age population in the region, and it will remain young for decades. Industry-integrated training turns that into skilled labour.

Sustained demand

Gaps in electricity access and housing mean lasting demand for infrastructure, equipment and construction.

Regional reach

Production in Nigeria serves ECOWAS and, through the AfCFTA, a continental market.

Prepared opportunities

Local preparation, international financing partners and written agreements give lenders and manufacturers a structured basis to assess.

These are market fundamentals, not return guarantees. Every opportunity is assessed on its own feasibility, risk and financing terms. Figures are as reported by the sources shown and were the latest available in October 2026.

Anambra State

Commercial hubs

Onitsha, Nnewi and Awka anchor trade, manufacturing and administration.

State direction

Nomrachi works in alignment with the Anambra State Government's Solution agenda.