economic development

Nigeria's Ondo State has initiated a strategic economic repositioning program targeting international capital, seeking to leverage natural resources and infrastructure improvements to attract foreign direct investment amid national fiscal pressures.

Governor Peter Mbah is staking Enugu State's economic future on a fundamental transformation from consumption hub to production powerhouse, anchored by strategic infrastructure investments including the ambitious 44.1-kilometre Enugu-Opi-Nsukka road dualisation.

Microsoft's projection that AI could unlock $136 billion in productivity across Africa hinges on a contentious issue: whether governments will allow data to flow freely across borders, even as global leaders grapple with AI's darker implications.

Central Bank of Nigeria Governor Olayemi Cardoso has outlined a dual mandate for African economies: building robust financial institutions capable of financing industrial growth while simultaneously addressing climate imperatives and employment generation.

Nigerian policymakers are pursuing multiple economic development strategies, focusing on formalizing artisanal gold mining, reviving the textile industry, and strengthening state revenue generation mechanisms to address persistent fiscal challenges.

As families discard spoiled food and businesses shutter operations, Nigeria's persistent power failures expose a development crisis that transcends mere infrastructure—it is a question of national survival.

President Bola Tinubu has unveiled Nigeria's Industrial Policy 2025, introducing factory construction as the primary measure of success for the nation's industrial transformation agenda.

A new survey reveals that despite a modest uptick in formalization, more than half of Nigerian businesses remain unregistered, exposing deep structural barriers that keep Africa's largest economy tethered to informality.

The World Bank has identified investments in health, education, and social protection as essential prerequisites for Nigeria to reach its $1 trillion economy goal by 2030, highlighting human capital development as a critical economic driver.

Despite regional economic expansion, East African youth face mounting unemployment pressures, driving record numbers into the informal jua kali sector where wages remain low and job security minimal.

Nigeria's agricultural sector faces mounting pressure from escalating farm input costs while industrial giants like Dangote Group deploy hundreds of millions in infrastructure investments, highlighting the divergent trajectories within Africa's largest economy.