Crusoe Osagie examines Nigeria’s declining revenue recently announced by the National Bureau of Statistics (NBS) amid the strident industry, trade and investment reforms campaign of the federal government, noting that a coordinated import substitution policy may produce the quick-wins, which the country’s economy so desperately needs
It is hard to tell if Nigerians and their leaders are aware that the nation’s economy may be sailing into a perfect storm. In a political system where voracious spending is a habit, it should elicit passionate responses when a significant decline in national revenue inflow is announced.
