For decades, Nigeria has significantly relied on oil as its major source of revenue generation. This heavy reliance on crude oil exports has shaped the nation’s fiscal structure, foreign exchange inflows, and budgetary planning...
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Transforming intra-African trade with The Single Africa Air Transport Market
In 2024, the global passenger traffic hit 9.5 billion, marking a 104 per cent increase from the 2019 numbers. Revenue passenger kilometres rose to $8.8tn, reflecting a compound annual growth rate of 3.6 per cent, with a...
Leveraging Intra-African Trade to Improve Nigeria’s Manufacturing Sector
In 2022, Innoson Vehicle Manufacturing (IVM), Nigeria’s first indigenous automobile manufacturing company, secured a $4.7 million deal to supply vehicles to the government of Sierra Leone, as ordered by the Sierra Leonean...