Daily Archives: August 12, 2017
African Real Estate & Infrastructure Summit comes to Gauteng in October to focus on continent’s urban opportunities and challenges
Africa’s cities are facing an urban ‘polycrisis’
Nigerian Economic Recovery through Industrialization and Diversification by Public and Private Sector Synergy
The current economic crisis and recession in Nigeria has brought to the fore what is already known: that the existent Nigerian national economy is not organized for internal self-propulsion and autonomous economic and business activities. The Nigerian economy, since independence, has been operated by the maintenance of the neo-colonial system of development incapacitation, primary commodity export, dependency and poverty generation. Its basic and long-standing focus has been on the expanded production and export of primary commodities, such as agricultural products like palm oil, groundnut, cotton, cocoa, rubber in the 1960s and 1970s and subsequently crude oil since the 1970s. But as raw material export depends on external demand, it does not activate autonomous and secure economic activity. Therefore, the Nigerian economy has no internal capacity for mass production and self-propulsion. It is a large, unfree, dependent and unviable economy.
The Oceans have become the world’s biggest rubbish dump – and Africa’s coastlines are under siege.
Richard van Wageningen, Vice President, IMEAR region, Orange Business Services
Visitor registration is now open for Propak West Africa 2017 as the show is set to make history as the largest edition to date.