Nigeria lost at least $1.8 billion yearly between 2010 and 2019 as a result of the federal government’s protectionist measures, the World Bank has said. According to the Washington-based global financial institution, these protectionist policies have been central to the country’s limited success in diversifying the economy and furthering the growth of the manufacturing sector. […]
read more Protectionist policies cost Nigeria $18bn in 10 years – World Bank
The depreciation of the naira against the dollar amid multiple exchange rates in Nigeria has left investors spooked, putting a damper on the inflow of foreign capital into the country. The World Bank, in its latest Nigeria Development Update report, said the country would not be able to attract the desired level of foreign investments read more Naira crisis scares investors as inflows dip
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