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$403bn Commodities Market: Assetium Positions To Boost Nigeria’s GDP

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With the total size of the commodities market in Nigeria projected to reach US$402.90 billion in 2023, Assetium Capital Management Limited, a commodities

firm, is positioning to reshape and invigorate Nigeria’s dynamic commodities sector, which has consistently played a pivotal role in contributing to country’s GDP.

Dr. Muhammad noted that Nigeria experienced a remarkable phase of sustained and widespread economic growth, averaging over seven per cent annually between 2000 to 2014. This growth was the result of a confluence of favorable global conditions, astute macroeconomic policies, and pivotal structural reforms undertaken during this period.

“At the heart of this impending economic renaissance lies the commodities industry, a sector that has consistently played a pivotal role in contributing to Nigeria’s GDP. In the year 2022, agriculture alone accounted for over 30 per cent of the nation’s GDP. He said the company will leverage technology to push its business to every household not just in Nigeria but across Africa and globally. With Nigeria’s over 200 million population the company will reach a wider range of people using technology.

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