Nigeria’s decentralization empowers local governments, enhances service delivery, and fosters citizen participation, but corruption and resource challenges persist.
Features
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Lagos faces a housing crisis, with rapid urban growth, informal settlements, and a 3.3 million-unit housing deficit.
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Oil theft and pipeline sabotage undermine Nigeria’s economy, environment, and security, costing billions annually in revenue losses.
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Russia-Ukraine war disrupts Nigeria’s wheat imports, causing supply delays, price hikes, and food security concerns for millions.
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Nigeria’s 2025 budget proposes a $75 oil benchmark, N47.96 trillion expenditure, and a N13.13 trillion fiscal deficit to boost recovery.
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Nigeria and Saudi Arabia advance steel partnership talks, boosting local iron ore processing and mineral sector investments
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Nigeria’s GDP grew 3.46% in Q3 2024, driven by services, agriculture, and trade, despite persistent inflation and challenges.
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Nigeria’s digital economy thrives, but regulatory hurdles—cybersecurity, taxation, and data protection—challenge sustainable growth and innovation.
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Balancing subsidy removal and social welfare key to Nigeria’s sustainable economic growth.
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Nigeria’s FEC approves $2.2 billion borrowing plan under the 2024 budget to stabilize the economy and address deficits.