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Nigerian Retail Sector and Climate Change
Nigeria’s retail space is seen as a driver of economic growth with exponential growth surpassing its historically dominant oil and gas sector. In 2013, the Nigerian retail sector contributed 16% to overall GDP growth, with a significant figure due to its rapidly growing informal market.
Despite the growth witnessed in the sector and the urgent need to combat the menace of Climate Change, it is crucial to examine how the retail sector is contributing to climate change, the threats and risks climate change poses on the industry, and how the retail sector is re-engineering operations for climate change resilience. This was our focus in this report.
Driving Efficiency Across Nigeria's Retail Value Chain
Few things are as interwoven with the economy and GDP of a nation as with retail. At the most basic level, retailing is the primary source of employment for the workforce. Besides employment, retailing (a significant component of SMEs) is a major contributor to the nation’s economy.
Nigeria’s retail market accounted for 16% of GDP in 2013 and is expected to have growth potential of $40 billion by 2020. These projections were largely driven by a population of over 200 million, a growing middle class, and rising urbanization, but have recently been under attack by macroeconomic and global health issues.
Despite these enablers, the industry has encountered pervasive inefficiencies across 7 major factors vital to the sector’s resilience, with an overwhelming 95 percent of the sector’s players remaining informal and unstructured, compounded by the impact of COVID-19 and the economic situation of the nation, the resilience of the sector is largely threatened.
Shifting to a system that aims to recognize patterns in the sector, and not just challenges offer a systemic strategy to enable significant improvement and accelerate efficiency and resilience across the retail value chain.
POSITIONING THE EDUCATION SECTOR FOR A RESILIENT FUTURE
The onset of COVID 19 has had a devastating effect on trade and economies with virtually all organizations across a wide range of industries affected. But one sector that has not received as much publicity as the Commercial Sector and the Health Sector is the Education Sector. It is understood that the former poses an immediate threat to the population, but the
latter has a crippling and long-lasting effect that far surpasses both.
This report aims at understanding the factors affecting The Nigerian education sector, the impact of these factors on the
educational ecosystem, giving priority to remote/online learning and the bottom of the pyramid stakeholders, using a
system practice approach to reveal the deep structure of the system and recognize areas of leverage where we can begin to influence educational reform. This report also serves as a framework for understanding the education system in low-income countries (LICs) and emerging economies (NEEs).