An Overview Of Structural Transformations In Nigeria And Africa

Managing Director/ Chief Executive Officer, Nigerian Export-Import Bank (NEXIM), Mr. Roberts Orya, in this analysis takes a critical look at structural transformation in Africa particularly in Nigeria and how it can change the economy for rapid development.

IN the 35 years leading to 2005, crude oil exploration, production and export provided the only talking point on Nigeria in international business of scale. Over this period, the Nigerian economic outlook was impacted mainly by global politics and market events. The ripples generated in Nigeria, positive or negative, were too weak to travel far and wide enough to impact the country outlook in the estimation of the international community and systems that controlled global markets, except when the ripples were ultra-negative. We were susceptible to external shocks transmitted through the conduit of international oil market.

Continue After The Break.

Room for trade growth between Africa’s two economic powerhouses

 

Over the last 10 years trade between Africa’s two largest economies, South Africa and Nigeria, has increased notably and the Nigerian market has seen the entrance of a number of South African companies.
South African President Jacob Zuma welcomed Nigerian President Goodluck Jonathan on arrival at Tuynhuys on a state visit to South Africa to strenghten bilateral and economic relations between South Africa and Nigeria.

South African President Jacob Zuma welcomes Nigerian President Goodluck Jonathan during a state visit to South Africa in May to strengthen bilateral and economic relations between the two countries.

Continue After The Break.