The world was a very interesting place, in which to do business even before the Covid-19 pandemic. The renowned EIU research was prepared and the insights it provides are important now more than ever. On the 11th of June, we made it available to users, click here to access the research.
Don’t miss the main event, on the 24th of November 2020 when the elite of Nigerian business, administration and African fintech will discuss and analyze the information in this critical time for the economy.
In the transition from financial inclusion to financial security, there is a need to focus not just on getting people into the digital economy, but also on helping them to use the right tools and services to achieve financial security. Amid hyperbole and the current global uncertainty, it is more important than ever to focus, coordinate and make a difference.
The Economist Intelligence Unit (EIU) is the research and analysis division of The Economist Group and the world leader in global business intelligence.
Nigeria: State of Play
Fast-changing Finance for the next decade
As global economic growth stalls and stutters, amid trade war threats and rising protectionism of all kinds, former behemoths of the planet struggle yet sub-Saharan countries are still on track for notable developments. Nigeria has been nothing short of spectacular in managing to drop its dependence on oil to 10% of the economy, getting agriculture above 22% and services to more than half of the nation’s GDP. This fast-growing country of dynamic young people accounts for almost three-quarters of the West African economy. There are more than two million mobile money agents in developing countries and half the 300 million mobile money registered accounts globally are located in sub-Saharan Africa. Institutional and governance reforms are laying the groundwork for swift developments.