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Despite the huge progress, Africa remains the least-connected continent. Africa’s broadband household penetration accounted for 15.4% in 2015, far behind the worldwide average of 52.3% (Asia and the Pacific - 46.4%; The Americas - 64.4%; and Europe - 84%). When it comes to individual Internet usage, Nigeria was the best-performing West African country in 2015, with almost one out of two Nigerians connected.
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The October 2016 analysis of the Cadre harmonisé expands its coverage to include for the first time 16 out of 36 states, almost half of Nigeria. In these states, some eight million people are currently facing acute food insecurity (phases 3-5, October-December 2016).
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According to the findings of the Cadre harmonisé analysis of August 2016, some 4.4 million people in northeastern Nigeria were facing acute food insecurity (phases 3-5) requiring urgent humanitarian assistance. In the worst affected and less accessible pockets of Borno state, nearly 60 000 people face the threat of famine (phase 5).
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On 28-29 March 2015, Africa’s most populous country and number 1 economy organises peaceful elections, which were internationally recognised as “free and fair” and led to the first democratic transition in Nigeria’s history. The election results seem to show that the role of ethnic, religious and geographic factors is gradually shrinking.
The economy has enjoyed sustained economic growth for a decade, with annual real GDP increasing by around 7%; it was 6.3% in 2014. The non-oil sector has been the main driver of growth, with services contributing about 57%
With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings.
This Investment Policy Review examines Nigeria's achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment.
English, PDF, 276kb
4-page policy note detailing the key results and recommendations from OECD Trade Policy Paper 179 on the Participation of Developing Countries in Global Value Chains.
English, PDF, 711kb
24-page summary paper of the OECD trade policy paper #179 on participation of developing countries in global value chains available on the OECD iLibrary.