Africa, with its vast and fertile lands, boasts an unparalleled agricultural capacity, making it the backbone of the continent’s economy. The richness of African vegetation, coupled with its favorable climate, positions the continent as a global leader in food production. From the lush savannas of Nigeria to the verdant valleys of Ethiopia, Africa’s agricultural potential...
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How Nigeria’s New Economic Policies Are Impacting SMEs
Small and medium-sized enterprises (SMEs) form the backbone of Nigeria’s economy, contributing nearly 48% of the national GDP and employing over 80% of the country’s workforce. However, recent economic policies introduced by the Nigerian government; targeted at bolstering revenue, stabilising inflation, and reforming the currency; have placed a substantial strain on these businesses. The effects...
