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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Addressing Nigeria’s broken food supply chain is important for poverty alleviation
Despite years of government-led poverty alleviation programmes, Nigeria’s hunger crisis continues to deepen. The disconnect lies not in the absence of social interventions but in their detachment from the core realities of food...
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...
How bureaucracy and corruption drives infrastructural deficit and inefficiency at Nigeria-Benin border
Several border posts lining Nigeria’s borders indicate relics of bureaucracy. Aside from the proliferation of functions that inherently delay trade and enhance corruption, these border posts also suffer from poor infrastructural...
Driving Nigeria’s Economic Diversification and Trade with Manufacturing
Between 2018 and 2022, Nigeria’s economy received N32.346 trillion from the manufacturing sector, a paltry 9% of the total GDP. Nigeria’s weak manufacturing sector contributes largely to foreign exchange shortages, high...
Nigeria Should Embrace the African Union Free Movement of Persons Protocol
In January 2018, at the 31st Ordinary Summit of Heads of State and Government of the African Union (AU), leaders across the continent agreed to adopt a protocol to the treaty establishing the African Economic Community (AEC)...
Innovative Financing Crucial for Unlocking AfCFTA’s Full Potential
The African Continental Free Trade Area (AfCFTA) represents a historic opportunity to boost intra-regional commerce, reduce poverty, and spur Africa’s economic transformation. The World Bank estimates that AfCFTA could lift over...
How Military Coups are Negatively Impacting Trade in Africa
A month after Niger’s military takeover, it triggered diplomatic, political, and economic crises. The Niger and Gabon coups, like others, enjoy popular support despite regional calls to reinstate democracy. However, the junta...
How e-Commerce is Impacting intra-Africa Trade
The rise of e-commerce platforms in Africa presents a unique opportunity for businesses to expand their market presence and tap into a wider consumer base across the continent. With the implementation of the African Continental...