By Orjime Moses, Abuja The World Bank's diagnostic survey of Nigeria's prospects for economic growth published in 2016, has recommended a shift from
The World Bank’s diagnostic survey of Nigeria’s prospects for economic growth published in 2016, has recommended a shift from dependence on oil to a new urban based model of economic growth, as the best shot Nigeria has at addressing its development challenges.
“In Nigeria, prominent roles have been played by major cities particularly Lagos, Ibadan, Kano, Aba in the political and economic landscape of Nigeria. He added that it should also include prioritizing cities in national economic planning, and a marshal plan at strengthening the productive capacities of Nigeria’s core urban industrial cluster zones of Lagos-Ota- Ibadan, Aba-Onitsha-Port Harcourt, and the Kano-Kaduna-Jos industrial triangle, and a new economic vision for the Federal Capital City, Abuja.
“The President has referred to Nigeria’s population of 45 million in 1960 and an urban size of seven million, compared to over 200 million, a little bit over half of which currently is urban based. Nigeria’s population has doubled every 20 years and is projected to reach half a billion by 2050,” he pointed out.
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