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BUSINESS AND
FUTURE
EXPECTATIONS

CURRENT BUSINESS
ENVIRONMENT

View of possible investors; costly and

uncertain
High import dependence
Unstable power supply
High duties and multiple taxes
Poor leadership by government/political
instability
Corruption, crime, and theft
Poor work ethics

KEY DE-ENABLERS

Lack of political will

Poor service delivery
Inadequate
commitment to plan
preparation and
implementation
Weak capacity for
monitoring and
evaluation

High import
dependence
Unfair competition
from cheap foreign
goods
High duties and
multiple taxes

 KEY REQUIREMENTS FOR STIMULATING COMPETIVENESS

OF NIGERIAS POOR-PERFORMING ECONOMY
Need to rewrite several federal laws that put mineral
resources in hands of fed. Gov.
Must resolve Niger Delta and Boko Haram Crisis
Diversify economy from petroleum oil
Gov. needs to strengthen capacity to invest while creating
and sustaining a durable framework for public and private
partnership
Islands of best practice must be created that will spread
nationwide
TH ERE IS H OPE

2008 I MF IDEN TIFI ED NIGERI A AS A FRON TI ER EMERGI NG M ARKET, BUT A W IDE RA NGE OF REFORM SI NCE 1980 S I N FED ERAL, LOCAL, AND STATE GOVERNM ENT HAVE PROVEN UNSUCESSFUL

Credit Suisse reports that by 2025 the state capital, Lagos,

will be the 6th fastest growing city in the world.