It is Time to Invest in the People of Nigeria


Thursday, August 20, 2020 / 08:59 AM / by BudgIT / Header Image Credit: Twitter; @BudgITng

 Proshare Nigeria Pvt. Ltd.

According to the latest report by NBS, approximately 44.1 million Nigerians are either jobless or underemployed. Naira has lost 145% of its value since 2014 and Nigeria's economy is currently in a quagmire of economic challenges such as high inflation rate, illiteracy and poverty, among others.


The country currently has 200million estimated population, 13.9million unemployed youths, with just N300 million average investment in all tertiary institutions. 46 million  Nigerians still practice open defecation, 70% of health expenses are paid from citizens' pockets while ONLY 3% of the population has health insurance. It is clear that Nigeria needs sectoral financing reforms, investment in human capital development, equal access to capital by citizens, as well as firm and ethical leadership to rethink its non-oil exports and invest in the country's local industry


In our investing people report, we recommended 6 broad goals and 18 priority actions that would effectively end hunger, improve health and education, reduce inequality and spur economic growth in critical sectors and the Nigerian economy as a whole.


Nigeria cannot continue to play weak in global competitiveness. The government needs to build inclusive growth by rebuilding its subnational economies and investing in strong institutions to deliver results to citizens.


I know you clamour for change and sustainable development. So kindly download this report, read it and join us in calling for the reforms this country really needs to move forward.


Download Full PDF Report Here

Proshare Nigeria Pvt. Ltd.


Related News

  1. Cracks In The Bond Market?
  2. Headline Rate Will Remain Unchanged at 12.8% YoY in August 2020 - FBNQuest
  3. Unemployment Heads for New-High - PFI Capital Limited
  4. Nigeria's Economy Heats Up As Inflation Rises to 12.82%
  5. Headline Inflation Increases By 12.82% YoY In July 2020; 0.26% Higher Than June 2020 Rate
  6. From Households to Corporations, Economic Effects of COVID-19 Continue to Ripple Across Nigeria
  7. Nigeria's Unemployment Rate Grows By 27.1% As Economy Stutters
  8. Nigeria's Unemployment Rate Moves Up to 27.1% in Q2 2020 from 23.1% in Q3 2018 - NBS
  9. Headline Inflation Fast Approaching the 13.0% Threshold Due to Cost Push Factors
  10. No Big Change in FX Policy
  11. August 2020 Economic Insight: Social Distancing Persists at the IEW and BDC Segments - Nova
  12. Nigeria's Average Oil Production Declined by 13.9% to 1.52 mbpd QoQ
  13. NESG Board Reviews State of Nigeria's Economy
  14. Nigeria Will Struggle as Recovery Proves Elusive - LBS Executive Breakfast Session - Aug 2020

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.
Related News