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Submitted by Onno on
The value added (contribution to GDP) in the whole sale and retail sector of the Nigerian economy is about 20 percent of GDP, which means not far from $40 billion per year. It consists of markets, supermartkets and shops, just like anywhere else in the world. The tax revenues generated by the whole sale and retail sector are far lower than those from oil. But on the positive side, there are many, many more jobs there than in oil. In terms of leadership, I personally believe that better leadrship comes through greater accountability. I will elaborate on this in my next blog. Thanks for responding, Onno