How does the Nigerian government address infrastructure challenges affecting exports?
The Nigerian government has taken steps to address infrastructure challenges affecting exports, including ¹:
Prioritizing sustained investment and policy support for agriculture, manufacturing and solid minerals
Improving logistics and reducing the cost of doing business
Enhancing value addition and promoting agro-processing industries
Bridging the gap between farmers and exporters through improved market access
Promoting innovative financing mechanisms, such as venture capital funds and targeted loan programs, to enable small and medium-sized enterprises (SMEs) to invest and expand their export activities
Increasing foreign investors' confidence in the Nigerian economy by allowing them to bring in and take out their money when they want
Improving port services and reducing the cost of production
Floating the Naira to allow market forces to determine the exchange rate and make Nigerian exports more competitive in the global market
