Nigeria spends a whopping $3 billion on the importation of Ankara fabrics that can be produced locally, just one of a long list of examples of how the country is failing to develop its non-oil sector.
The trend is particularly troubling as experts, including the World Bank, have urged the nation to prioritise its non-oil sector to address lingering economic challenges.
The losses extend beyond monetary terms, eroding Nigeria’s GDP, employment, and tax revenue.
World Bank Chief Economist Indermit Gill has advised Nigeria to focus on thr
