Founded by the Treaty of Lagos in 1975, ECOWAS has served as a force for regional integration in areas ranging from education to security to monetary policy. The organisation is comprised of fifteen neighbouring countries including Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger,...
The most populous country and arguably the largest economy on the continent, Nigeria is widely regarded as an African powerhouse. With abundant natural resources and a young, dynamic population, the country has long played an important role on the continent and it has the potential to be a wider global player in the coming decades.
Since its declaration of independence in 1960, Nigeria has played an active role in promoting regional stability and economic development. The West African country has been a leading member of both the African Union and ECOWAS. Through successive administrations, Abuja has adhered to the widely held mantra, “African solutions to African...
Significant political progress has been made in Nigeria in the last 18 months. The ballot box has taken centre stage as the country has carried out a peaceful handover of power – its first since becoming independent – at both the executive and legislative level. The development is a significant one for this country of 184m people, although the...
As Africa’s most populous nation, and with the biggest oil and gas reserves in the region, Nigeria has long been one of the continent’s sought-after markets, but also one of its most complex and challenging. A GDP rebasing in 2014 modernised the country’s statistical measurements, expanding GDP to N94.14trn ($155.1bn at the time of printing)...
With a population of 184m, three-quarters of whom are under the age of 30, job creation is critical for Nigeria to sustain its headline growth. Unemployment is increasing rapidly. The official rate climbed from 8.2% in the first quarter of 2015 to 9.9% in third quarter and 10.4% by the year’s end. The ranks of the underemployed – those working...
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