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Building A Stairway To Shared Prosperity For All Nigerian
Abstract
Achieving shared prosperity in Nigeria requires a simplified roadmap to bolstering and diversifying the Nigerian economy through broad- based sectoral and productivity. Despite its large population and diverse economic structure, Nigeria has been performing poorly due to numerous structural factors, including inadequate infrastructure, obstacles to investment, lack of confidence in currency valuation, and limited foreign exchange capacity. These issues have impeded the country's productivity and also culminated in its poor economic growth. However, to achieve improved overall economic growth that will set the required foundation for creating new wealth for all Nigerians, there must be a positive growth rate and productivity across the sectors of the economy. This paper explains how Nigeria can achieve shared prosperity through sectoral and industrial reforms that pave the way for broad-based sectoral growth and productivity