Aug 9, 2019 · 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 Africa’s biggest oil producer, pumping out around 2 …

May 8, 2023 · With the Nigerian government implementing several energy policies and programmes over the last decade, the next couple of decades present a unique opportunity for foreign capital providers to enter a market that is abundant in energy resources, has a capable workforce, and which according to the 2022 Nigeria Energy Transition Plan, is enabled ...

Jun 28, 2023 · 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%).

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or …

Sep 18, 2024 · The Nigerian Government, through the Federal Ministry of Communications, Innovation & Digital Economy, has approached this need with multi-pronged digital transformation efforts. Specifically, the objective is to raise the level of productivity across sectors through the application of technology.

Jul 28, 2014 · For example, many believe that Nigeria is a petro-economy, wholly at the mercy of the world oil market. But the resources sector accounts for only 14% of GDP – meaning that, while oil production remains a critical source of revenue and exports, the Nigerian economy is far more diverse than many assume.

Mar 21, 2019 · Nigeria ranks 152 out of 157 countries on the World Bank’s Human Capital Index.One of the low-hanging fruits would be to embrace educational reforms that focus on developing new skills through robust and well-funded technical and vocational education and training programmes for those millions of Nigerians outside the formal school system, or who …

Aug 28, 2020 · For context, the United States slashed its Nigerian crude oil imports oil by 11.67 million barrels in the first five months of 2020, compared to what it bought in the same period of 2019. In fact, in the second quarter of 2020, local oil production dropped to its lowest since 2016—when Nigeria endured a full year of negative growth .

Apr 11, 2019 · It's absolutely essential that it be resolved, and it gets resolved in a way that's long lasting. The world economy has lived with the uncertainty about trade tensions for a while now and if there is any solution and there is a sense that the solution is only transitory and something can again get triggered in the future, I think that's very ...

Jan 27, 2021 · We are honoured to support the Nigerian people in their fight to turn the tide on plastic pollution.” Nigeria is also one of the founding members of the African Circular Economy Alliance , alongside South Africa, Rwanda, the African Development Bank, the UN Environment Programme and the World Economic Forum.