A large population of over 200 million people and an economy with projected GDP of 445.00 USD Billion in 2022, should make Nigeria an attractive investment destination in Africa. However, in the last decade, there has been a...
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Why Government Must Address Barriers to Export Trade
In 2021, Nigeria’s value of total export increased by 51 percent when compared with the previous year. This came with a simultaneous rise in the export value of agricultural goods, solid minerals, and energy goods. Despite these...
4 Ways Nigerian Government Can Make Environment Conducive for SMEs
Small and Medium Enterprises (SMEs) are central to the economic growth of any country. While Small Enterprises have between 10 and 49 employees, Medium Enterprises are those with 50 – 249 employees. The International Bank...
Why Nigeria Should Digitize Its Ports Operation Quickly
Port congestion is estimated to cost Nigeria $55 million a day in lost economic activities. This is because trucks queue up for days, waiting for port authorities to call them up to load or unload their cargo. To resolve this...
Trade Via Nigeria’s Land Borders is Imperative for Economic Growth
In August 2019, the Federal Government announced an indefinite closure of all land borders in the country. Just about the time of this announcement, prices of several commodities started to increase at a faster rate. This...
Nigeria Should Decentralise the Power Sector for Greater States Participation
The supply of electricity in a country has a direct effect on economic growth. Research shows that for every 1% increase in electricity supply, a country’s economy has the potential to grow by 3.94%. An average person living in a...
How Free Trade and Better Business Environment Can Spur Job Creation in Nigeria
Trade creates jobs, though influenced by myriads of factors. Since time immemorial, countries have combined domestic with international trade, either by signing bilateral agreements with other countries, removing trade barriers...
Why Nigeria’s Sugar Tax Proposal is a Wrong Move
On the last day of 2021, President Muhammadu Buhari signed the 2022 Appropriation Bill and the 2021 Finance Act into law. In the Finance Bill, the government proposed various tax law changes that are effective from the 2nd of...