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Nigeria targets private investment in its education sector
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With a population of more than 200m across 250 ethnic groups, a fast-growing youth cohort, and high levels of poverty and unemployment, Nigeria has prioritised delivering quality education – although this also remains one of the government’s biggest challenges. A pressing concern for the sector is underfunding, with the authorities unable to meet investment targets related to public education.…

Overview

Tips and information for travellers to Nigeria
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LANGUAGE Nigeria’s official language is English, which is widely used in the business community. This is especially the case in commercial hubs such as Lagos, Port Harcourt and Abuja. The most common indigenous languages in Nigeria are Yoruba, Hausa and Igbo. Pidgin English is widely used, particularly in Lagos, and it is recommended that visitors learn a few basic expressions. ETIQUETTE Relationships…

Overview

Hotel options in Lagos and Abuja
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EKO HOTELS & SUITES 1415 Adetokunbo Ademola Street, Victoria Island T: (+234) 1 277 2700-25 reservation@ekohotels.com www.ekohotels.com Rooms: 824 rooms, including superior rooms, luxury rooms and executive suites. Business & Conference Facilities: Largest convention centre in Nigeria, 350-person ballroom and various meeting rooms. Health & Leisure Facilities:Outdoor swimming…
Interview

Helen Grant, Member of Parliament and UK Trade Envoy to Nigeria: Interview
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Interview: Helen Grant How would you assess the bilateral relationship between the UK and Nigeria? HELEN GRANT: The UK has a historical relationship with Nigeria that spans decades. As Africa’s largest economy and most populous country, Nigeria is a notable contributor to the continent and the UK. A stable, secure and prosperous Nigeria is very much in the UK’s interest; the relationship seeks…
Interview

Jumoke Oduwole, Special Adviser to the President on Ease of Doing Business, and Secretary to the Presidential Enabling Business Environment Council: Interview
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Interview:Jumoke Oduwole What is being done to support the economy as it recovers from the Covid-19 pandemic? JUMOKE ODUWOLE: In July 2020 Nigeria implemented the Economic Stability Plan (ESP). The 12-month, N2.3trn ($6.1bn) stimulus package included initiatives to support a wide variety of sectors and mitigate the economic ramifications of the health crisis. We have already seen the positive…
Interview

Yewande Sadiku, Former CEO, Nigerian Investment Promotion Commission (NIPC): Interview
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Interview:Yewande Sadiku Where can public-private partnerships (PPPs) play a role in boosting Nigeria’s economy? YEWANDE SADIKU: The government’s Economic Recovery and Growth Plan 2017-20 was designed to bring Nigeria out of recession and boost the economy through diversification. Around 20% of the investment required to implement the plan was meant to be financed by federal and state governments,…
Interview

Samaila Zubairu, CEO, Africa Finance Corporation: Interview
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Interview: Samaila Zubairu To what degree is attracting private capital for infrastructure important to the economy? SAMAILA ZUBAIRU: Once the infrastructure and transport deficit is bridged, there is no doubt that Nigeria will be able to accelerate its GDP growth, as we have seen this happen in other countries such as China and Brazil. The infrastructure issues that must be addressed as a country…
Interview

Mele Kolo Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC): Interview
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Interview: Mele Kolo Kyari What was the impact of the Covid-19 pandemic on oil and gas production in Nigeria? MELE KOLO KYARI: Before assessing the effects of the pandemic, it is necessary to consider the state of the industry in the years leading up to the health crisis. Even before 2020, the country’s energy sector was going through a transition. There was more of an emphasis on green and sustainable…
Interview

Mezuo Nwuneli, Managing Partner, Sahel Capital Agribusiness Managers: Interview
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Interview:Mezuo Nwuneli What role can private equity play in funding agribusinesses in the country? MEZUO NWUNELI: In recent years the Nigerian banking sector has had about 3% of its loanbook geared towards the agriculture sector. This is roughly $1bn of capital in an economy where 24% of GDP comes from agriculture, so it is not a significant amount. As most of the current bank funding…
Interview

Jean-Marc Ricca, Managing Director, BASF West Africa: Interview
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Interview: Jean-Marc Ricca In what ways has the Covid-19 pandemic affected industry and consumers in Nigeria? JEAN-MARC RICCA: The economy was already under pressure before the Covid-19 pandemic due to subdued growth, low oil prices and currency issues; and the health crisis exacerbated these issues. However, due to the fact that industry was considered essential, production was not significantly…