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4. Nigeria is Africa's biggest economy. Nigeria's GDP surpassed that of South Africa about a decade ago, according to the World Bank. Last year, Nigeria's economy was valued at $397 billion, while South Africa - once the biggest player on the continent - had a GDP of $366 billion. Nigeria is one of the world’s biggest oil exporters – and ...
In line with that, and with the clear intention of boosting the contribution of the digital economy to the nation’s gross domestic product, Nigeria has launched two key infrastructure and capacity building initiatives that will form the foundation for Nigeria’s digital transformation – the 3 Million Technical Talent (3MTT) Programme and ...
Approximately 71% of Nigeria's population does not have access to energy. The Nigerian government plans to achieve universal energy access by 2030. The energy sector faces major financial and technical challenges. According to the International Energy Agency, over 140 million people do not have access to energy in Nigeria, about 71% of the ...
Nigeria ranks 108 out of 120 countries on the ETI 2023 and is the largest economy and richest oil resource centre of the African continent, as well as the largest gas consumer and producer of West Africa. 124 Over the last 10 years, Nigeria’s overall ETI score has improved (3%), while its system performance scores have fallen slightly (1%).
Unperturbed by the COVID-19 pandemic, international investors have continued to pour money into the African continent’s start-up scene — but that influx of cash is not being distributed evenly. In fact, the vast majority of venture capital in Africa is scooped up by just four countries: Nigeria, Egypt, South Africa and Kenya, Africa’s ...
The impact. The Nigerian government, the Global Environment Facility (GEF) and UN Environment have launched a new $15 million initiative to turn the tide on e-waste in Nigeria. This new initiative, funded by a small fee included on the sale of electronics, will transform Nigeria’s hazardous informal recycling sector into a formally legislated ...
Climate-smart procurement. The term " climate-smart procurement" refers to a method of sourcing goods and services that helps reduce carbon emissions. In developing countries like Nigeria, net-zero goals can be much closer to being achieved if the procurement process considers product externalities including carbon emission rate, energy ...
Nigeria is the largest economy on the African continent as well as home to one of the largest youth populations in the world. The pandemic has slowed economic activity in this diverse and entrepreneurial nation and contributed to a depressed labour market, creating highly challenging setbacks for human and economic development efforts.
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2. Invest in health and wellbeing. Increased investment in healthcare is linked to economic growth, and consequently to reducing poverty. Nigeria is battling with a number of crushing health indicators including malaria, tuberculosis and infant and maternal mortality, all of which have a sweeping impact on productivity.