OBG Partners NESG on Nigeria’s IndustrialisationReport


Nume Ekeghe

Nigeria’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: ‘Nigeria 2017,’ would chart the country’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 OBG’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 Nigeria’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 country’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 country’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 OBG’s new report to chart the reforms aimed at driving growth in the medium term, such as those being implemented in Nigeria’s energy sector, while also considering the issues that remained unaddressed, led by infrastructural gaps and the bottlenecks that businesses face.

“Despite several government-led initiatives, the poor condition of Nigeria’s roads, together with weak airport infrastructure, is driving up business costs and limiting the growth of the private sector, which is the country’s largest employer and its engine for job creation,” he said.

“I look forward to working with Oxford Business Group’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.”