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This briefing paper provides an initial analysis of selected measures proposed by Germany, France, Italy and Poland in their respective Recovery and Resilience Plans (RRPs), and focuses on the areas of competitiveness, business environment/entrepreneurship, and (re)industrialisation. As the analysis has shown, targets and milestones set for the majority of the analysed measures seem to be realistic and enhance the probability of completing the planned projects on time; they are also tailored to the ...

Nigeria: Economic situation

Sracfhéachaint 28-01-2016

After years of sustained growth, Nigeria is now Africa's biggest economy. However, with oil and gas as the main source of foreign exchange and federal government revenue, it is suffering from the fall in oil prices. Nigeria is yet to transform into a diversified and competitive modern economy. This publication updates an EPRS note of May 2015, PE 556.984.

Since the turn of the millennium, Africa has achieved high and sustained growth rates, sparking hopes that the 21st century could be Africa's century. As the global economic context is turning less favourable, other drivers of growth than export commodities become essential. The primary sector (agriculture and extractive industries) will remain vital for most African countries but it has to generate more industrial processing locally. Services have contributed significantly to growth, being the fastest ...