DECENTRALIZATION: CAN CITY-LEVEL ECONOMIC HUBS DRIVE NIGERIA'S GROWTH?

Can Nigeria accelerate economic growth by taking development beyond state capitals? Barr. In this thought provoking discussion. Sam Otoboeze, President of the Nigerian-South Korean Chamber of Commerce, Industry, Mines and Agriculture (NSCCIMA) and a member of the Governing Board of the SEBIS Group, on the need for decentralisation and the need to build city economic hubs across Nigeria. The conversation examines how empowering secondary cities and commercial centres can drive investment, create jobs, improve infrastructure and ease economic pressure on state capitals. It also highlights the role of strategic planning, industrial clusters, public-private partnerships and ease-of-doing-business reforms in creating vibrant local economies. Barr. Decentralisation, Otoboeze said, could boost the competitiveness of regions, promote balanced development, attract domestic and foreign investment, and create more opportunities for entrepreneurs and small businesses. It also looks at the policies needed to make emerging cities centres of innovation, manufacturing, trade and sustainable economic growth. This episode offers valuable lessons for Nigeria’s search for new avenues for inclusive development, in particular the role of city-based economic hubs in generating national prosperity and long-term economic resilience. See the full discussion to learn why decentralisation is becoming a key strategy for economic transformation in Nigeria. #decentralization #economicdevelopment #SamOtoboeze #NSCCIMA #SEBISGroup #citydevelopment #investment #nigeriaeconomy #economicgrowth #urbandevelopment #infrastructuredevelopment #businessnews #publicprivatepartnership #easeofdoingbusiness #regionaldevelopment #industrialization #entrepreneurship #afiatv #governance #businessnews