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By Franklin Iyamah | Industrial policy, which refers to the deliberate action by governments to drive growth in manufacturing, has returned to the centre of economic strategy around the world, first because the COVID-19 pandemic exposed the fragility of global supply chains and, more recently, because rising protectionism and geopolitical rivalry have pushed governments back into a more active role in shaping production, resilience and economic security.
Read more: Retooling Nigeria’s Industrial Policy to Deliver Real Economic Transformation
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By Franklin Iyamah | Although Nigeria’s variant of fiscal federalism evolved largely as a mechanism for managing ethnic competition and conflict, its current form—built around highly accommodative revenue-sharing arrangements—has produced a weak socio-economic model.
Read more: Rethinking Nigeria’s Variant of Fiscal Federalism
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By Ayobami Ayorinde and Seyi Akinbodewa | For the first time in decades, Nigeria’s Federal Government has undertaken a comprehensive tax reform. The journey started with the announcement and inauguration of the Presidential Committee on Fiscal Policy and Tax Reforms, led by Mr. Taiwo Oyedele, a renowned tax expert.
Read more: Promised versus Delivered Changes in Nigeria’s New Tax Laws
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By Adebayo Ahmed | The National Bureau of Statistics (NBS) released rebased Gross Domestic Product (GDP) data recently. GDP remains the most popular measure of economic activity. The data showed that economic output in 2024 was N373 trillion in current Naira terms and N218 trillion in 2019-Naira terms.
Read more: What Rebased GDP Data Reveals about Nigeria’s Economy
Agora Policy is a Nigerian think tank and non-profit committed to finding practical solutions to urgent national challenges.
