least credit risk of all west african nations, page-3

Some further points re Nigeria....

Resource rich country attracting multi-billion dollar investments:
? Former British protectorate independent since 1960
? New constitution adopted in 1999 with peaceful transition to civilian government
? Legal system based on British common law and English language
? Rated lower in political risk than Guinea, Congo, Cameroon and Burkina Faso (Euromoney Country Risk Survey 2010)
? One of Africa?s largest oil producers and fifth largest supplier of oil to United States
? Significant mineral deposits, but mining industry still developing:
- Strong growth in mining industry being driven by recent ESSO Government reforms in areas of policy, institutions and legal frame work
- Recently updated Federal Mining Act driving exploration and development of solid minerals