Back to growth: priority agenda for the economic revival of Nigeria

Abstract

Nigeria is the biggest economy in the continent (GDP, US$504 billion) and a regional powerhouse. It is a country well-endowed with natural resources, diverse climatic conditions and home to a growing, young, and tech-savvy workforce. Therefore, it has real potential for growth, despite the recessions and stagnant growth seen in the past ten years and the current grim outlook. However, there are significant challenges that need to be overcome. These include macro-economic volatility, fiscal constraints, limited public investment, and security problems. The next ten years will determine which path Nigeria takes into the future.