Nigeria and Economic Growth Through GVC Participation

1. Nigeria and Economic
Growth Through GVC
Participation
The case of Nigeria’s participation in
GVCs to enable her lift the grassroots
population out of poverty cannot be over
emphasised.

2. Factor Endowment
• Simply put – the country has all it
takes to adopt similar models as
Ethiopia, Botswana, Namibia etc
in GVC participation.
• Using agriculture as an example –
there is an abundance of fertile
land, labour and agricultural
entrepreneurship in the country.
• Very minimal upskilling will be
required in this sector to support
an increasing participation in GVC
via this sector.

3. The Missing Link?
• Minimal to non existent supporting
policy instruments
• Infrastructural problems
• Lack of a favourable environment to
attract foreign direct investments (FDIs)

4. Leverage
Nigeria can leverage its vast
potentials in a wide array of
sectors that include agricultural
commodities (cassava, cocoa, oil
palm etc), oil and gas,
manufacturing, entertainment and
similar activities to boost GVC
participation and enhance
economic growth.

5. Transformation
Nigeria through GVC development
and participation can be structurally
transformed via industrialization,
technology upgrades, emergence of
new ancillary activities,
diversification of export, and
inclusive growth promotion.
The future of global trade is now and
within reach!