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Nigeria's Economy - Page 4

Calls for Decentralisation of Seaport in Nigeria Increases

Nigeria’s Port Monopoly: A Ticking Time Bomb For The Economy

Nigeria’s over-reliance on the Lagos Port Complex for exports and imports is a strategic vulnerability that demands urgent attention. With 94% of exports and 76% of imports passing through this single port, the country’s economy is precarious. The lack of dredging and
February 7, 2025
Infrastructural And Policy Needs In Regional Economies In Nigeria

Infrastructural And Policy Needs In Nigeria’s Regional Economies

By Chioma Ugo  Nigeria’s total infrastructure stock, currently estimated at just 30% of its Gross Domestic Product (GDP), underscores the critical infrastructure deficit in the country, with significant implications for economic growth and national development. The World Bank estimates that Nigeria will
January 24, 2025
Nigeria's Economy a Ticking Timebomb

Nigeria’s Economy: A Ticking Time Bomb?

The Special Adviser to President Bola Tinubu, Dada Olusegun, has expressed optimism that Nigeria will soon stabilize under President Tinubu’s administration. However, the question remains whether this stability will translate to an improvement in the standard of living for Nigerians or merely
January 21, 2025
How Hunger Stampede In 3 Nigerian Cities Claimed 70 Lives In 48 Hours 

2024 In Economic Retrospect: Nigeria’s Year of Severe Uncertainties

Despite Nigeria’s long-standing struggles with poor governance, foreign influence, and unstable democracy since independence, the year 2024 has particularly consolidated the hardships faced by Nigerians. These were largely heralded by controversial economic policies, including the abrupt removal of fuel subsidies, which led
December 30, 2024
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