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Nwamaka Ogbonna

Politics. Economics. International Development

Economic diversification in Nigeria (part 2): Understanding the natural resource curse

About two weeks ago, I started a series on economic diversification for us to understand the factors responsible for Nigeria's economic structure. Today, we would be looking at one of the major problems facing resource dependent economies like Nigeria and which... Continue Reading →

Nigeria’s exchange rate falls below N400/$1 for the first time since August 2016, what could possibly be wrong with this?

Within the past few days, the Naira has fallen below N400/$1 for the first time since August 2016, expectedly there has been a lot of cheer and excitement and even commendations for the Central Bank of Nigeria (CBN) and the Federal... Continue Reading →

Economic diversification: Understanding it within the Nigerian context – part 1

So over the next couple of weeks, I shall be doing a series on economic diversification. I feel this is imperative as this has dominated the discourse on the Nigerian economy since it plunged into a recession. More so, with... Continue Reading →

State of the Nigerian economy: understanding the latest figures released by the National Bureau of Statistics (NBS)

Nigeria's National Bureau of Statistics (NBS) recently released the GDP figures for the 4th quarter of 2016. This publication provides a lot of insights and also throws up a lot of questions regarding the effectiveness of  government policy so far in... Continue Reading →

Understanding Nigeria’s $1 billion Eurobond sale: Opportunities and risks

Last week, Nigeria successfully completed a $1 billion Eurobond sale on the international market. In fact the bond sale was oversubscribed to the tune of $ 7.8 billion at an interest rate of 7.88%. However, we can only access the... Continue Reading →

Nigeria’s Budget 2017: Examining the #Frivolousitems

Note: all images are from Budgit: here & here Nigerian civil society watchdog Budgit recently published a list of frivolous items in Nigeria's 2017 budget. As I went through the line items, I could not understand how a country undergoing... Continue Reading →

Book review: Banking to the poor; micro-lending and the battle against world poverty- Muhammad Yunus

Today's Book Review is for a book which I actually read in September 2016 but just never got around to publish it. Seeing as it is taking me ages to finish my January read, I assume its okay to share... Continue Reading →

Nigeria in recession: government expenditure and the N-power programme

Over the weekend, the National Bureau of Statistics (NBS) released the inflation figure of December, the year-on-year inflation stood at 18.55 %. This means that between December 2015 and December 2016, the average prices of goods and services  in increased... Continue Reading →

What to expect from Ghana’s new President, Nana Akufo-Addo

On Saturday 7th January, 2016, Ghana inaugurated Nana Akufo- Addo as its new President. Our guest contributor, Roland B- Johnson, provides us with an analysis of why John Mahama (the immediate past President) lost the election. He also examines the... Continue Reading →

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