International records / African Development Bank

Economic Brief - Global Value Chain Development and Structural Transformation in Nigeria

Key Points • The rationale for global value chain development in Nigeria is premised on several grounds that include: viability as a lever for guiding the country’s economic transformation; potency for addressing the growth inclusiveness challenge facing the country; and effectiveness in driving sustained growth through delinking the economy from fluctuations in commodity prices and weather conditions. • To take advantage of these benefits, Nigeria needs to take advantage of its vast potentials in wide array of activities that include agricultural commodities (cocoa, cassava, etc), oil and gas…