Abstract
Based on its young and growing population as well as the year-on-year economic growth, the role of the digital revolution cannot be overemphasized in realizing the nation’s enormous growth potentials in the future. Thus, bracing Nigeria for the future of trade requires unprecedented domestic, regional, and international investments in areas such as infrastructure development, peace, security, information technology, science, technology and innovation (STI), and environmental protection. Thus, domestic revenues and international funding support are both critical to support Nigeria’s preparedness for the future of trade. However, these sources alone will be insufficient and much more private finance will need to be mobilized. While leveraging on the evidence-based recommendations in the previous chapters, this chapter proposes forward-looking policy solutions for adopting digital tools in preparing Nigeria for the future of trade.
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As a result of palpable loopholes in its trade policies over the years, in which government impose protectionist policies but failed to simultaneously provide the enabling ecosystem (good infrastructure, steady supply of electricity, proactive regulatory policies, efficient ports, etc.,) for domestic industries to compete with foreign counterparts, and satisfying the local demands.
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Odularu, G. (2020). Conclusion and Policy Recommendations. In: Odularu, G. (eds) Strategic Policy Options for Bracing Nigeria for the Future of Trade. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-34552-5_8
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DOI: https://doi.org/10.1007/978-3-030-34552-5_8
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-34551-8
Online ISBN: 978-3-030-34552-5
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