Private sector-led railways seen driving Nigeria’s non-oil success

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. Read also: To read more, subscribe here.