THE EFFECTS OF CROWDING OUT ON NIGERIA AGROTECH

In recent years, a growing number of agritech companies have begun offering digital solutions to address the challenges faced by smallholder farmers in Nigeria. These solutions aim to improve smallholder farmers’ access to financial services, farm inputs (e.g. as good quality seeds), fertilisers, insecticides and pesticides, and equipment (e.g. tractors), as well as provide other

All nations should eliminate paid-in minimum capital for business start-ups

Since the inception of Doing Business in 2003, 55 economies eliminated the requirement for paid-in minimum capital at the time of business start-up.⠀⠀These reforms significantly reduce financial barriers to entry for aspiring entrepreneurs seeking to formalize, allowing their start-up capital to be invested in productive activities.

AfCFTA on MSMEs

There is an high level of unfamiliarity with the AfCFTA’s existence. MSMEs will not be able to prepare effectively, let alone take full advantage of, AfCFTA without prior awareness. There is therefore need to pay attention to both digital and non-digital dissemination strategies to ensure full reach of Nigerian businesses irrespective of their technological participation

Reducing the average days required to start a business in Nigeria from 7 to 2 days

Entrepreneurs in Africa continue to face significant barriers to entry when starting a business. Burdensome and costly regulation can prevent entrepreneurs from entering the formal economy, negatively impacting all sectors.⠀⠀It’s therefore worthwhile to state that there is a clear evidence that streamlining regulatory procedures can encourage #business entry, business growth, job creation and rising citizens’ incomes. ⠀⠀The

The Africa Continental Free Trade Area (AfCFTA)

61% of SMEs say AfCFTA will have a positive effect on the cost of materials and machineries. Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture(NACCIMA), September 2020 Obviously, any economic policy that facilitates imports and exports among member countries – with lower or no tariffs, free access to the market and market information,

Ease of Doing Business of Selected Oil Producing Countries in Africa

In the global ranking, Tunisia was ranked 80th position while Egypt and Nigeria was respectively in number 120th and 146th. In the ranking, starting a business, dealing with construction permits, getting electricity, registering property, getting credit, minority investment protection, paying taxes, trading across borders, enforcing contracts and resolving insolvency were all considered. Nigeria for example