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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.
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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.
English, PDF, 1,356kb
At an estimated cost of 21 billion USD in 2006, the trans-Saharan gas pipeline would have the\ capacity to transport some 30 billion cubic meters of gas per year from Nigeria to Europe.
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At the end of the 90s, the Boko Haram sect began as a protest movement in response to corruption among northern governors responsible for implementing Sharia law. Its supporters demanded full application of Koranic law and rejected the “modernity” of southern Nigeria, whose misguided “education” was considered a sin.
By participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough, according to the latest African Economic Outlook, released at the African Development Bank Group’s Annual Meetings.