Covid-19: Repositioning Nigeria’s Economy for the Now and the Tomorrow
DOI:
https://doi.org/10.5281/zenodo.15697765Keywords:
Agriculture, Information Communication Technology, Nigeria, Post COVID-19, Sustainable DevelopmentAbstract
The failure of past and present administrations to diversify Nigeria’s economy evident in the
dependence on oil exploration and export is one among the factors responsible for the economic
challenges affecting the country. The economic situation of Nigeria has since worsened at the
instance of the outbreak of the coronavirus and its attendant ramifications on international trade;
manifest in the fall price of crude oil, low foreign and domestic investments, heightened level of
unemployment and poverty etc. Interestingly, the agricultural and information communication
technology (ICT) sectors have since the outbreak of the coronavirus pandemic proven to be
among the thriving sectors in Nigeria despite the seeming neglect of the sectors by the
government. This paper examines the extent to which the potentials in the agricultural and
information communication technology (ICT) sectors may be utilized to drive sustainable
development in Nigeria, Post COVID-19. The study adopts qualitative data method. Purposively
selected respondents with expertise on the subject were interviewed. They include economists,
agricultural-economists, farmers, software consultants and developers, personnel of Lagos
Chamber of Commerce and Industry and Nigerian National Petroleum Corporation (NNPC).
Further, the study adopted comparative advantage and structuralism theory as a means of
advancing the exigency of diversifying Nigeria’s economy. The study concludes that for
Nigeria’s economy to thrive, post covid-19 , there is an urgent need to harness the potentials
inherent in the agricultural and information communication technology (ICT) sectors of the
country’s economy.
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