Nigeria is the 14th-largest country in Africa by land mass and is culturally diverse, with a population of more than 200m spanning over 250 ethnic groups. It is rich in natural resources, with some of the largest proven oil reserves in Africa, and has a strong agriculture sector, with major exports including rubber, cocoa, peanuts and palm oil. The country gained independence in 1960 and...
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Chapter | Country Profile from The Report: Nigeria 2022
With a population of over 200m, Nigeria is a large and diversified economy, despite the government’s reliance on oil and gas revenue. While the Covid-19 pandemic and subsequent oil price crash caused a contraction in economic growth in 2020, it also led to rapid digitalisation across commerce, education and communication. This shift is expected to put Nigeria in a favourable position for recovery in the medium term.
Economic update | Report: Transformation and diversification in Hidalgo State in response to the pandemic
13 Dec 2021
After a long period as one of the least socio-economically developed states in Mexico, the administration of Hidalgo's governor, Omar Fayad, issued a series of policies designed to reinvigorate growth and transform economic activity.
Following on from a year in which supply chains and international travel were severely disrupted, 2021 saw an increase in global cooperation, as institutions, businesses and governments alike sought to work together to find solutions to some of the world’s major challenges.
Economic update | Report: How Trinidad and Tobago has adapted its digitalisation strategy
9 Dec 2021
Trinidad and Tobago's pre-pandemic ICT policy included an ambitious digitalisation drive to foster economic development and advance digital government.
Economic update | Africa: Year in Review 2021
8 Dec 2021
Driven by a combination of higher commodity prices, the relaxing of lockdowns and a recovery in global trade, Africa has had some success in overcoming the recession provoked by the coronavirus pandemic and returned to growth in 2021.