Nigeria, Sept. 17 -- The world has become a global village - politically, economically, and socially. In this interconnected environment, competitiveness is no longer optional; it is an imperative. For countries like Nigeria to achieve sustainable and inclusive development, they must position themselves to trade goods and services at rewarding prices, while attracting and retaining quality investments.

Global industrial strategy has shifted, with private sector capital now the dominant driver of growth. Governments are expected to set predictable governance frameworks that attract, channel, and regulate capital flows. While multilateral organisations, such as the Bretton Woods institutions, provide global guidelines, it is ultimately the...