Monday, January 4, 2010

Nigeria’s Economic Competitiveness in the African Context

In a recent paper published by the International Journal on Governmental Financial Management, AfDB economist, John C. Anyanwu and Delta State University professor Andrew E. O. Erhijakpor identify Nigeria’s main competitive strengths and weaknesses. The paper focuses on the fact that in spite of huge oil resources, the nation’s economic competitiveness remains very low. The economists highlight the areas on which the country should focus in order to achieve higher economic competitiveness, sustainable growth and enduring prosperity for its citizens. These include measures at the macro, micro, state, and regional levels, in addition to adopting sound and prudent fiscal policy, productive investments (especially on infrastructure and human capital), and diversification of the economy. Click here for the full article.