Monthly Archives: May 2023

SECURITY CHALLENGES IN NIGERIA AND IMPLICATIONS FOR BUSINESS ACTIVITIES AND SUSTAINABLE DEVELOPMENT

 ‘Defence expenditure increased from 5.9% (USD$1.26b) of total budget in 2016 to 38 %( USD$4.466b) in 2021 while overall government expenditure on security in 2022 is estimated at N8trn (USD$9.738b).’  Insecurity is an economy killer in Nigeria, if we go by the presentation of Rear Admiral Obiora Medani (Rtd)  while speaking on the topic Security Challenges in Nigeria and Implications…

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TECHNOLOGY COMMERCIALISATION IS CAPABLE OF DRIVING ECONOMIC TRANSFORMATION

The use of technology commercialisation can contribute to economic transformation through the introduction of diverse new products and services in the market. This can ultimately result in the creation of new products, as well as the establishment of new businesses and industries which  can serve as a base for a full-scale localisation and industrialisation. This was said by the Deputy…

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NIGERIA EYES $208B GLOBAL ORGANIC FOOD MARKET

Nigerian producers are seeking  ways to expand the export as  consumers pay more attention to health. The organic food market is expected to reach $437.36 billion by 2026 with a compounded annual growth rate of 14 per cent. In the last five years, African farmers, including those from Nigeria, have been making  money producing organically grown crops for European markets,…

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THE 2023 ELECTIONS, POLITICAL ECONOMY AND NIGERIA’S BUSINESS ENVIRONMENT OUTLOOK

On Thursday, February 16th 2023, the Nigeria-South Africa Chamber of Commerce held its February breakfast meeting themed “The 2023 Elections, Political Economy and Nigeria’s Business Environment Outlook”. The February edition of the breakfast meeting which was held virtually was sponsored by the professional services firm, PricewaterhouseCoopers (PwC). PwC is a passionate community of solvers coming together in unexpected ways, to…

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