DIVERSIFICATION OF THE NIGERIAN ECONOMY: Understanding the Service Sector

Did you find time to read through our first blog on the weight of the service sector’s contribution to the Nigerian economy? To follow up on that, we wanted to explain what the service sector entails. The economy of a nation is usually comprised of three high-level sectors, which are then divided up into smaller […]

DIVERSIFICATION OF THE NIGERIAN ECONOMY: THE SERVICE INDUSTRY

Distributive trade and service industries account for a substantial proportion of economic activities in every country, whether they are measured in terms of contributions to the GDP or share of total employment. The services sector is also the fastest growing sector of the global economy. There are no reliable estimates of the percentage of Nigerians […]

Tourism: Is Nobody Coming to Nigeria?

Nigeria’s vast and rich cultural heritage should be strategically re-positioned to partner tourism as a driver to lift the Nigerian economy;  now this is a statement that I have heard more times than I can recount and a statement we all agree with. As Nigeria begins to diversify its economy and shift the weight from […]

Entrepreneurship and the Nigerian Economy

  Small businesses play a very significant role in the world economy and remember also most of the world’s recognised multi-national corporations started out as small businesses. The Nigerian government has been putting great policies in place to facilitate entrepreneurship even though one may argue that the political will power to implement those policies is […]