Nigeria’s industrial ranking has taken a dip, sliding to the 14th position on the African continent. According to a report by BusinessDay, this decline is attributed to persistent policy gaps and exorbitant production costs. The report further states that these challenges are affecting the competitiveness of Nigeria’s industrial sector. The exact causes of these policy gaps and the implications for Nigeria’s industrial growth are yet to be fully elucidated. As the country strives to improve its industrial sector, addressing these issues is crucial for boosting its economic growth and creating more jobs for its teeming population.
Source: BusinessDay NG
https://www.businessdayonline.com/
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