I took time to review the economic achevements, most were "approved", or "launched" or "signed"
However a few are worth highlighing for the positive impact on jobs, GDP and productivity.
a trend
1. The Nigerian Sovereign Investment Authority (NSIA) has seen total additional inflows of around US$2 billion, since the original US$1 billion which the Fund kicked off with in 2012.
Excellent. these funds went to the Morocco fertalizer deal. CAPEX and Savings, local jobs
2. 156km Lagos-Ibadan Standard Gauge Rail nearing completion. 327km Itakpe-Warri Standard Gauge Rail completed and commissioned.
Excellent, aids productivity, extends roads life, opens up commerce.
For tech startups, equity funding makes sense because R&D is highly intangible & tends to be specific to the firm in which it is being used, it has limited liquidation value. The use of debt tends to decrease with asset intangibility. Tom Nicholas, Harvard
Angel investors provide hands-on equity finance. They provide entrepreneurs with funding, mentorship, & access to their business contacts. They often have industry expertise & can help young companies raise additional funding.
Jason Calacanis summarized the four inputs of angels as “money, time, network, expertise.”
There are 334,680 active angel investors in the US, according to the Center for Venture Research. A typical angel puts about 10 percent of his or her wealth into angel investment.
Nigeria technically has no exports apart from oil. This data map is 2019, and Cocoa is a "rounding error".
Keep in mind, Exports are NOT the only way to get forex, but so far, on exports, the nation has failed.
Data Source: Harvard KSG
It gets worse.
"Nigeria's largest goods exports are in low and moderate complexity products"
translation? anyone can export crude oil, the wealth is in adding value to the crude oil or cocoa exports
"Diversifying the economy" is all talk
The Nigeria economy is diversified, Oil is less than 15% of GDP. Problem is Nigeria has only one export source of Forex. Remove remittances, the Nigeria Naira will collapse.
The data shows Nigeria has put all its eggs in the oil basket