Saturday 9 May 2015

BUSINESS WISE, IS INVESTING IN NIGERIA'S ECONOMY AN OPPORTUNITY OR A CURSE?

It has been observed that Nigeria's economy lacks innovation.

Nigeria's inflation rate as at 2014 stood at eight per cent while unemployment was at a disturbing 30 per cent.

Lending rate is at 25 per cent.
After the rebasing of the economy, Nigeria was discovered to have so much than she had earlier thought and that the economy had become bigger and larger than anybody had imagined.

It was also observed that Nigeria's population is not a problem but the fact that Nigeria as a nation is not creative enough  is the problem.

The lion share of the common wealth is being enjoyed by twenty per cent of the population.
The country's debt profile keeps rising.
Despite the fact that Power Holding Company of Nigeria was unbundled, power remains unstable.

No comments:

Post a Comment