Lessons for the Nigeria Economy

Topic Content:

1. High Tariifs: Nigeria should impose a high rate of tariffs on imports so as to encourage a high demand for locally made products and discourage imports.

2. Nigeria should constitute highly powerful bureaucrats that have the interest of the country at heart for planning, constructing, and supervising.

3. Small and Medium Enterprises (SMEs): One of the lessons Nigeria can pick from the Asian Tigers is to create a business-friendly environment for Small and Medium Enterprises (SMEs) businesses to thrive.

4. Human Capital Development: Asian Tigers built well-educated and highly skilled workforces, that contributed immensely to their economic growth. The country should make education