Dreaming of Wakanda

Data is the new oil. This phrase has become a cliché now but it goes without saying that data is the most valuable resource in the 21st century, and it is essential for economic growth and development. Nigeria is a data-rich country, but it is not yet harnessing its data potential to the fullest. What does that mean for the Nigerian economy? Well, put it this way, without having a thorough and objective understanding of the root causes of the socio-economic challenges that persist in the country, policies and strategic assessments will continue to be ineffective. Strategic decision making will continue to be biased and tinged with sentimentality.  In short, harnessing data effectively can help Nigeria to achieve its economic goals. Data can be used to improve decision-making, boost productivity, and create new jobs. It can also be used to improve the delivery of public services, reduce corruption, and make the economy more inclusive.  However, Nigeria also faces a number of ch...

  Nigeria, often called the "Giant of Africa," boasts a wealth of resources, a burgeoning youth population, and a vibrant culture. However, years of economic mismanagement has meant it has failed to fully achieve its potential. With a massive infrastructure deficit (approximately $3trn), underperforming real sector, seemingly insurmountable debt profile and strained fiscal position, the government alone cannot solve the array of economic issues plaguing the sleeping giant. However, according to a report by global consulting firm McKinsey & co. , Nigeria has the potential to be amongst the top 20 global economies with a size of over $1.6trn by the year 2030. One of the ways to achieve this is by Nigeria looking to its capital market - a powerful tool that can be utilized to propel the nation towards economic prosperity. This article will explore the economic importance of harnessing the capital market in Nigeria. It will delve into what the capital market is, its role in e...