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Overview

A different perspective: After years of being a low priority, the sector is now a major focus
OBG
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Overall indicators in Nigeria paint a picture of a country in need of developing its health sector, but prospects for growth and further modernisation are bright, as the industry has been improving gradually. Previously the federal government was relatively lax in facilitating the advance of the health care industry, but recent developments show that greater attention is being paid to a sector…

Overview

Framework for investment: Legislation is designed to support the local economy and promote private participation in key sectors
OBG
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With the commencement of the sixth republic, the Nigerian president, President Goodluck Ebele Jonathan, introduced a transformation agenda in which he promised to achieve the Vision 20:2020 goals developed by the Yar’Adua/Jonathan administration. President Jonathan’s Transformation Agenda seeks to revolutionise the Nigerian economy by reforming the key sectors in the country, particularly…

Overview

A shift in priorities: The government understands the need for greater access
OBG
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The rapid growth of the Nigerian economy has meant an equally rapid increase in the need for a skilled and educated workforce. Delivering quality education to students in an emerging market of 160m people presents a number of challenges and opportunities that will have a great impact on the future of the country. There have been signs of improvement in the sector, but there is still much work to…
Interview

OBG talks to Frank Nweke Jr, Director-General, Nigerian Economic Summit Group
OBG
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Interview: Frank Nweke Jr What are the obstacles to improving corporate governance and transparency in the private sector? FRANK NWEKE JR: It’s an inconvenient truth that our private sector continues to put up with ingrained issues such as conflicts of interest and a lack of independently minded executives. Despite some improvement, many of our companies still face weak internal and external controls.…
Interview

OBG talks to Ngozi Okonjo-Iweala, Coordinating Minister for the Economy and Minister of Finance
OBG
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Interview: Ngozi Okonjo-Iweala How can Nigeria limit the broader economic fallout from the drop in remittances in 2011? NGOZI OKONJO-IWEALA: Remittances largely go to family members in Nigeria for domestic use, such as paying school fees and building houses or businesses. Nigeria can provide incentives to channel more remittances into productive uses rather pure consumption, such as by offering matching…
Interview

OBG talks to Mustafa Bello, Executive Secretary and CEO, Nigerian Investment Promotion Commission (NIPC)
OBG
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Interview:Mustafa Bello How can import-substitution policies be transformed into investments in agriculture? MUSTAFA BELLO: A number of concessions and fiscal incentives are being provided to investors engaged in agriculture and agro-allied activities. Examples include a 0% import duty on agricultural machinery and equipment, an export expansion grant to export-oriented agro-allied enterprises,…
Interview

OBG talks to President Goodluck Ebele Jonathan
OBG
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Interview: President Goodluck Ebele Jonathan How would you evaluate the progress of the implementation of the Transformation Agenda? GOODLUCK EBELE JONATHAN: The Transformation Agenda should be regarded in our country’s wider democratic context. Since the restoration of democratic rule 13 years ago, our governments have carried out far-reaching reforms in various sectors of the economy to serve…
Interview

OBG talks to Stephen Green, UK Minister of State for Trade & Investment
OBG
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Interview: Stephen Green What can be done to increase the UK’s private sector involvement in the Nigerian economy? STEPHEN GREEN: A lot needs to be done and I think there is plenty of potential for it. In fact, we have set ourselves the objective of doubling both trade and investment by 2020. There is good reason to believe that this can be achieved. The numbers show there is an enormous opportunity.…
Interview

OBG talks to Lamido Sanusi, Governor, Central Bank of Nigeria
OBG
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Interview: Lamido Sanusi To what extent does public expenditure jeopardise price stability and what is being done to control it? LAMIDO SANUSI: Although $72 per barrel of oil in the 2012 national budget may seem on the high side, we have largely steered clear from excess spending. In fact, we have seen a marked increase in capital expenditure. To mitigate the negative impact of domestic spending,…
Interview

OBG talks to Razia Khan, Head of Research for Africa, Standard Chartered
OBG
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Interview: Razia Khan What factors currently pose the biggest risks to Nigeria’s credit rating? RAZIA KHAN: There are a number of issues to consider. First, some investors are concerned about the vulnerability of Nigeria’s economic future. Despite the level of achievement already attained, debate over the constitutionality of generating funds for the sovereign wealth fund undermine investor confidence…