Nigeriaâ€™s efforts to enhance her investment climate as part of broader efforts to drive non-oil growth will be mapped out in a forthcoming report by the global research and consultancy firm, Oxford Business Group (OBG).
The report: â€˜Nigeria 2017,â€™ would chart the countryâ€™s plans to roll out a raft of industrial clusters in line with its vision of shifting the emphasis away from hydrocarbons and encouraging local manufacturing and consumption
The OBGâ€™s publication would also explore a national drive under way to boost technical and vocational training as a means of tackling skills mismatches in the job market and addressing the growing problem of youth unemployment
The latest developments in Nigeriaâ€™s important agricultural sector would be another focus, with coverage of both the opportunities emerging for investors as modernisationefforts take shape, alongside the challenges that producers face, including post-harvest losses.
The report is expected to also shine a spotlight on the countryâ€™s energy sector, with in-depth analysis of government plans to increase the contribution made by renewables to the mix. In addition, concerns relating to the countryâ€™s debt profile when compared with those of other African economies will be examined.
The Nigeria Economic Summit Group (NESG) had signed a further memorandum of understanding (MoU) with OBG for its forthcoming publication.
Under the MoU, the group, which is a long-standing partner of OBG, would collaborate on the report.
Commenting on the initiative, the CEO of NESG, LaoyeJaiyeola, said he expected OBGâ€™s new report to chart the reforms aimed at driving growth in the medium term, such as those being implemented in Nigeriaâ€™s energy sector, while also considering the issues that remained unaddressed, led by infrastructural gaps and the bottlenecks that businesses face.
â€œDespite several government-led initiatives, the poor condition of Nigeriaâ€™s roads, together with weak airport infrastructure, is driving up business costs and limiting the growth of the private sector, which is the countryâ€™s largest employer and its engine for job creation,â€ he said.
â€œI look forward to working with Oxford Business Groupâ€™s team once again and analysing the steps taken to support private sector growth, while also highlighting the areas where industry players hope to see further improvements forthcoming.â€