Given the state’s sizable agricultural output, agro-industrial processing is a large part of Oyo’s industrial activity, with a number of facilities focused on segments like fruit juice production or flour milling – although several other manufacturers are present in the area as well, such as pharmaceuticals. As elsewhere in Nigeria, secondary...
Improving human development indicators, including health provision, is a key priority for both federal and state governments, and Oyo State is no exception. The government is investing in social services, which commanded 29% of the 2013 state budget, with health receiving allocations of N3.85bn ($24.25m). However, to meet Millennium Development...
What sort of tangible measures is Oyo State taking to increase foreign direct investment?
While growth prospects remain dim in the world’s advanced economies, Nigeria’s position as a key frontier market offers sharply different perspectives. The country has achieved consistently high growth over the past decade, including 7.4% in 2011 and 6.6% in 2012, according to the African Development Bank (AfDB). This expansion makes Nigeria one of...
Like many other regions, sub-Saharan Africa has not escaped from the phenomenon of rising youth unemployment. Young people make up slightly more than a third of the region’s total labour force but account for about 60% of total unemployment. In Nigeria, the continent’s most populous country, about 63% of the population is under 25. Unemployment...
What major trends are you seeing in the source and direction of foreign direct investment (FDI)?
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