While Nigeria’s oil and gas sector has historically attracted the majority of inward foreign direct investment (FDI), focus is broadening significantly to non-oil sectors. Slow progress in passing legislation to reform the hydrocarbons sector has delayed decisions on larger projects, while the broad domestic market is attracting investors seeking...
What kind of factors underlie the significant levels of bilateral trade between India and Nigeria?
Central to the Transformation Agenda is an effective fiscal policy that prioritises investment in much-needed infrastructure and social development in health and education over wasteful recurrent spending. By improving its revenue collection and tightening capital budget disbursement, the Federal Ministry of Finance (FMF) aims to curb its domestic...
Proper metrics are crucial to a full understanding of the economy. By most measures economic data on Nigeria is vague at best, with GDP estimated at between $247bn and $555bn in 2012, according to the UN, and a more commonly used $259.8bn, according to the National Bureau of Statistics (NBS), depending on whether one includes Nigeria’s significant...
Despite its occasionally turbulent political history, Nigeria has long been both a regional and international diplomatic force. The country is a member of the Economic Community of West African States (ECOWAS), a regional diplomatic and economic bloc of 15 member states with roughly 300m people. It is also a party to a raft of international...
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