Nigeria Economic Growth Challenges
5 articles from 1 country
Nigeria's manufacturing sector faces stagnant growth, trapped in a low-growth equilibrium for 26 years. Experts emphasize the critical role of digital infrastructure and sub-national governments in driving economic expansion through investment and tourism. Partnerships are forming to promote 'made-in-Nigeria' products globally.
Mutual Benefits decries Nigeria’s credit gap, offers solutions
- Mutual Benefits Assurance Plc identifies Nigeria's low formal credit access, affecting only six percent of adults, as a significant economic impediment. - The company stresses the dual importance of credit access for economic growth and financial protection mechanisms for stability. - It offers solutions to bridge the credit gap and enhance financial resilience for individuals and businesses.
CPPE: Nigeria’s Manufacturing Sector Trapped in Low Growth Equilibrium
- Nigeria's manufacturing sector has experienced stagnant growth for 26 years of democratic rule, failing to achieve significant transformation. - Key industries like petroleum refineries, textiles, a…
Digital infrastructure key to economic growth, service delivery, Akume
- Digital infrastructure is crucial for Nigeria's economic growth and public service delivery, according to the Secretary to the Government of the Federation, Dr. George Akume. - He emphasized the imp…
Sub-nationals must drive Nigeria’s investment, tourism growth - Shettima
- Nigeria's Vice President Kashim Shettima emphasized that sub-national governments must lead economic expansion through investment and tourism. - He stated that a new national compendium will assist …
NIPR, NEPC partner to promote made-in-Nigeria products globally
- The Nigerian Institute of Public Relations (NIPR) and the Nigerian Export Promotion Council (NEPC) will collaborate to promote Nigerian products. - The partnership aims to boost the visibility of 'M…
