Securing appropriate funding for Nigeria’s education ecosystem remains one of the sector’s most important goals, and is key to improving outcomes. Underinvestment has created knock-on effects for the nation’s employment rate, with the private sector struggling to find qualified workers. More than half of all wage-paying jobs in the country are in the public sector – with around 80% of those…
The manufacturing industry, which was an important component of Kaduna’s economy in the 1970s, has seen a steady decline in the decades since. The local authorities have been keen to kick-start light manufacturing, particularly in the agro-allied industries, and expand activity in the solid minerals sector, which are expected to become a key driver of growth. However, industry and manufacturing remain…
Kaduna is actively seeking to attract investors to the agriculture sector, promoting a number of opportunities. The Kaduna Investment Promotion Agency (KAPIDA) has identified about 2.5m ha of uncultivated land with abundant water resources to support commercial farming, livestock and fishery businesses, and welcomes investors to take advantage of the state’s potential. Indeed, the economy is primarily…
The first case of Covid-19 in Nigeria was recorded on February 27, 2020 in Lagos, and as of end-September 2021 around 205,800 confirmed cases and 2720 deaths had been recorded. The country experienced its first wave of the virus in the middle months of 2020, a larger wave at the end of 2020 and into 2021, and a third wave emerged in July 2021. Controlling the Spread When the scale of the pandemic…
National reforms leading to the unbundling and privatisation of Nigeria’s Power Holding Company in 2013 resulted in the creation of the privately owned distribution firm Kaduna Electric, which is licensed to supply power in the state. At the same time the Kaduna Power Supply Company (KAPSCO), fully owned by the Kaduna government, was created to undertake energy initiatives in areas where significant…
State authorities have worked to develop Kaduna’s infrastructure and business climate in recent years, identifying them essential to sustainable growth. The Kaduna State Infrastructure Master Plan (KADIMP) 2018-50 is the state’s long-term strategy for coordinated infrastructure development. The plan lays out interventions in the key sectors of transportation, housing, education, health, water and…
The authorities have been working for years to ease the burden of non-performing loans (NPLs) on the financial system. In 2009, in part due to the global financial crisis, the Central Bank of Nigeria (CBN) bailed out eight distressed lenders by injecting $4bn into the market. The Asset Management Corporation of Nigeria (AMCON) was formed the following year to recapitalise distressed banks and provide…
Financial technology (fintech) has been gaining momentum in Nigeria as start-ups look to create innovative solutions to fill socio-economic gaps such as exclusion from the formal banking system. An estimated 56% of Nigerian adults are unbanked and 36.8% do not have access to financial services. The country’s more than 200 fintech firms – which account for over half of all start-ups – aim to close…
The Guide contains listings of leading hotels and resorts in Nigeria for both business and leisure travellers, helpful information for new arrivals to the emirate and details on current visa requirements for tourists.…
