FOUR PRIORITIES FOR THE NIGERIAN ECONOMY IN 2021 AND BEYOND.
Marco economic instability became evident in 2020. Nigeria’s poorly diversified economy is reflected in its heavy reliance on the oil sector, which is fundamentally prone to shocks and fluctuations. On account of this, the country is subjected to many shocks that trigger instability.
POLICY AND REGULATORY CONSISTENCY
Nigeria has faced a series of challenges that have hindered economic prosperity and inclusive development. Some of these challenges include Insecurity, deep-rooted corruption, deepening poverty & inequality, dwindling domestic & foreign investment and exacerbating socioeconomic conditions.
The poor performance across many sectors is a strong reflection of dousing investment. Investment in Nigeria has remained below potential.