Conclusion and policy recommendations

Abstract

Based on its young and growing population as well as the year-on-year economic growth, the role of the digital revolution cannot be overemphasized in realizing the nation’s enormous growth potentials in the future. Thus, bracing Nigeria for the future of trade requires unprecedented domestic, regional, and international investments in areas such as infrastructure development, peace, security, information technology, science, technology and innovation (STI), and environmental protection. Thus, domestic revenues and international funding support are both critical to support Nigeria’s preparedness for the future of trade. However, these sources alone will be insufficient and much more private finance will need to be mobilized. While leveraging on the evidence-based recommendations in the previous chapters, this chapter proposes forward-looking policy solutions for adopting digital tools in preparing Nigeria for the future of trade.