Friday, September 16, 2011

Nigeria is at a crossroads - World Bank Reports

The World Bank has noted that Nigeria is at a crossroads in a special Growth Employment and Markets in States (GEMS) Project report.

The country can choose to tackle the distortions that have reduced incentives for investment and productive activity and move towards sustainable and diversified growth. It can also build on islands of success and promising cluster initiatives and enclaves that can then pull along the rest of the economy (successfully achieved in China and India) or it can ignore the reform imperatives and pay the price of having a highly distorted, rentier economy, once oil prices fall.

Click here for the full report

No comments: