Nigeria is known as the home of hospitality and is considered the cultural nerve-centre of Africa. If you’re looking to move to this land of diversity and opportunity, we’ve compiled a two- part list of fun facts that might help you understand this beautiful country.
Nigeria is Africa’s most populous country
Nigeria has a population of about 186.7 million people, representing 2.35% of the world’s population. This means that essentially 1 out of every 43 people on the planet is a Nigerian!
Multilingual and multicultural
There are over 500 ethnic groups in Nigeria, of which the three largest are Hausa, Igbo and Yoruba. Although the official language is English, there are over 600 distinct ethnic languages spoken in Nigeria.
Home to Forbes’ richest man in Africa
Nigerian billionaire industrialist, Aliko Dangote is worth an estimated $16 billion. Aliko is one of 11 Nigerians listed in the Forbes Top 40 richest Africans and he owns the Dangote Group which has interests in commodities.
An Emerging/Frontier Market
Nigeria is one of the next ‘N-11’ countries, identified by Goldman Sachs’ economist Jim O’Neill. With significant growth potentials similar to the BRICS emerging market economies, Nigeria is projected to be one of the world’s largest economies in the 21st century.
A Global fashion capital
Nigeria has a booming fashion industry and the Arise Magazine show, which showcases African designers, is now a constant feature of New York Fashion Week. A number of International stars, including Thandie Newton and Angela Simmons have worn Nigerian designers’ pieces for premieres and other high profile events.
Click here to read Part 2.
If you’re in the market for a new home in Nigeria contact Mobus Property today for more information on the exciting River Park Housing Estate development in Abuja.
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–Standard Bank international