Aerial view of Victoria Island, the economic centre of Lagos. ABOLAJI RASAQ/SHUTTERSTOCK
For this economic powerhouse to become a genuine superpower, it first has to change its business model, which is no easy task. Objectives: clean up public finances, restore competitiveness, move away from an all-oil economy. And win over foreign partners.
Since May 2023 and the start of Tinubu's presidency, the country has been engaged in an ambitious and challenging economic reconstruction programme. This effort will be beneficial in the medium term, but will entail social costs in the short term. Finance Minister Wale Edun explains.
Bola Tinubu, president of a federation of 225 million people, is accepting the consequences of courageous and painful measures. This is a crucial agenda if Nigeria is to at last become a leading economic power.
In light of the crisis, the government agency dedicated to managing the State's assets is working with both public and private companies to design the economic architecture of the future.
Northern Nigeria has been ravaged by violence for nearly fifteen years. In the North-East, social and economic life is returning following the military's recapture of territories in Borno State that had hitherto been infiltrated by members of Boko Haram and ISWAP. However, in the North-West, criminal groups are flourishing, driving civilians from their homes.
Employing 35% of the population, agriculture features high on the President's list of priorities. The sector is striving to modernise, not only by investing in technology, but also through the use of GMOs, which some are opposed to, in order to better adapt to natural conditions.
From the legal framework to training and talent incubators... Getting to grips with tech to become a key player.
Payment solutions for financial institutions, consumer services... Fintechs are booming. And some are already valued at over a billion dollars.
Much more than a musical style, Afrobeats is a social phenomenon powered by megapopular stars.