Investor Presentaiton
CONFIDENTIAL
Nigeria Overview: Key Country Statistics and Macroeconomic Indicators
KEY DEMOGRAPHIC AND ECONOMIC INDICES AT A GLANCE
Population: 218+m
Working Population (15-60): 53.8%
Monetary Policy Rate: 18.75% (November
2023)
Inflation: 28.2% (November, 2023)
Total Debt Stock: N87.9bn (Q3-2023)
Debt/GDP Ratio: 39.82% (Q3-2023)
GDP/GDP per Capita: US$ 477bn / US$
2,360
Long-Term Foreign Currency Ratings:
'Caal' (positive outlook) by Moody's; 'B-
'(stable outlook) by S&P; and 'B-' (stable
outlook) by Fitch.
34
BANK OF INDUSTRY
...transforming Nigeria's industrial sector
Real GDP Growth Rate (%)
■ Agriculture ■ Services
GDP Sector Contribution Sept (Q3) 23 (%)
Industries
3.40%
3.10%
2.54%
2.30%
1.90%
2018
2019
2020
2021
2022
Sep-23
-1.90%
18%
29.21%
0
52.70%
Gross External Reserves (US$ 'bn)
NGN:USD Exchange Rate
423.4
411.7
356.4
33.23
305.6
306.4
942.6
2018
2019
2020
2021
2022
NOV.
2023
Sources: IMF, United Nations, Central Bank of Nigeria, Rating Agencies, Economic Intelligence Unit, Debt Management Office, Nigeria World Bank, NBS
5
| Private & ConfidentialView entire presentation