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...
Latest Posts
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...
Nigeria needs to Maximize its Export Potential
Trade is, indubitably, an all-important economic lever for many countries across the world. Whether advanced or developing, international trade enables countries to access markets and services that may not have been available...
The Bumpy Ride of Logistics in Africa and Potential Remedies
Africa has become a thriving continent for business in recent years but the logistics and supply chain industry continues to play catch up. The challenges facing Africa’s logistics such as the high cost of moving goods within the...
Nigeria’s Non-oil Export Incentives
For a long time, Nigeria’s foreign exchange earning has been largely from crude oil exports. However, due to the government’s diversification efforts, non-oil products are now making a significant contribution to the country’s...
The Imperative of Addressing Non-Tariff Barriers to Trade in Nigeria
Trade is the lifeboat of a nation. It is essential to the creation of opportunities, achievement of economic growth and overall human prosperity. The freer the flow of trade, the stronger the tides to economic progress and peace...
Addressing the Financing Challenge of Small & Medium Enterprises in Nigeria
Small businesses are significant to any country’s economy and development. In fact, a World Economic Forum report found that Micro, Small and Medium-sized enterprises (MSMEs) account for 90 percent of all firms globally, about 70...