Showing posts with label Red tape. Show all posts
Showing posts with label Red tape. Show all posts

Tuesday, 23 September 2014

Nigeria’s economic reform agenda loses steam as elections loom

As Nigeria’s President Goodluck Jonathan moves to seek re-election in five months, his reform agenda pursued for the past four years is gradually losing steam.
While Jonathan who was recently named as sole candidate for the People’s Democratic Party (PDP) in next year’s presidential election has already attained some goals since launching the transformation agenda in 2010, achievements have fallen short of expectation in most other areas.
There has been some movement on infrastructure (roads, rail), and investments have poured in, as multinationals expand operations in the country.
The major cities of Lagos and Abuja are booming and agriculture output is up, on new government policies that discourage imports.
However, the country ranks poorly on