• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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Although Benin is known as a cotton producer and is actively working to boost value-added activities in the textiles and garments sector, the country has also been looking to increase its industrial footprint more broadly, leveraging large-scale projects to expand its energy and transport infrastructure and develop special economic zones (SEZs).

In a year in which significant political efforts have been made to speed up the energy transition, 2021 has also been record-breaking for green finance, as governments, international institutions and lenders alike seek to support the shift towards renewables.

To what extent has progress in facilitating business procedures translated to investment inflows? Which sectors are being prioritised?

 

LANGUAGE: Nigeria’s official language is English, which is widely used in the business community. This is especially the case in commercial hubs such as Lagos, Port Harcourt and Abuja. The most common indigenous languages in Nigeria are Yoruba, Hausa and Igbo. Pidgin English is widely used, particularly in Lagos, and it is recommended...

EKO HOTELS & SUITES 1415 Adetokunbo Ademola Street, Victoria Island T: (+234) 1 277 2700-25 reservation@ekohotels.com www.ekohotels.com Rooms: 824 rooms, including superior rooms, luxury rooms and executive suites. Business & Conference Facilities: Largest convention centre in Nigeria, 350-person ballroom and various meeting rooms. Health & Leisure...

State authorities have worked to develop Kaduna’s infrastructure and business climate in recent years, identifying them essential to sustainable growth. The Kaduna State Infrastructure Master Plan (KADIMP) 2018-50 is the state’s long-term strategy for coordinated infrastructure development. The plan lays out interventions in the key sectors of transportation, housing,...

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