In this piece for the Africa at LSE blog, I argue that as tech solutions by African entrepreneurs are replicated globally, governments must make necessary investments in infrastructure and Research & Development. Economists hardly agree on anything but if there is one thing most of them agree on, it is that technology and innovation are… Read More Africa can spearhead a new technology revolution, but it will require large-scale investment from governments.
The imperative for export diversification Recent data by the National Bureau of Statistics shows that crude oil accounts for over 80% of what we export. There are lot of reasons why this is a problem, not least because it makes our economy extremely vulnerable to the fluctuations in oil prices. Recall that Nigeria’s 2016 recession… Read More Crude oil rises from 71% of Nigeria’s total exports to 83% – How do we remedy this?
A few weeks ago, I stumbled on a report by the National Bureau of Statistics which revealed the credit allocation made by Nigerian banks to the country’s private sector. The findings of the report caused me to think and reflect on why the oil and gas sector receives most of the private sector credit while… Read More Why are Banks not lending to Agriculture?
Paddy Adenuga’s story – Amaka’s take The son of one of Nigeria’s billionaire businessmen recently released an interesting and intriguing story about how he attempted to buy one of the world’s largest corporations, Chevron at only 29 years. The story shows a determined, resilient, focused and persistent young man and at the same time the… Read More Trending topics: Africa’s single air market; Kenya’s two Presidents; Nigerian Churches vs Voter apathy.
Election season in Nigeria is here again! To be honest, it’s a little hard to believe that President Buhari’s 4-year administration will soon elapse because I remember vividly the day he was elected. There was so much hope and expectations but today all that seems to have disappeared and have been replaced with gloom and… Read More Nigeria’s 2019 elections – Five ways to be an informed voter!!
Last week, I began a series of posts about the British Council’s Future Leaders Connect Programme, you can find the first here – where I discussed the purpose of the programme and the application/selection process. The programme was divided into two phases – we spent the first 5 nights at the University of Cambridge and… Read More British Council Future leaders connect diaries – Part 2; My EPIC Cambridge experience!!
Over the next few days, I shall engage with 49 future policy leaders from across the world to deliberate on some of the world’s biggest issues. My personal agenda is to understand how policies can help developing countries especially those in Africa to build industries and create jobs for its young and growing population! Indeed,… Read More Lessons in the pursuit of industrial development by African governments
Hey blogfam! Last week, the Nigerian Senate considered 36 amendments to Nigeria’s 1999 constitution. I am not a Lawyer or Political Scientist so I have limited understanding of how the legislative process works but I did some little ‘research’ and learned that for these amendments to become law, it must be approved by at least… Read More 1999 Constitutional review: 8 things you should be concerned about!!
So I have had a lot of people ask me questions along this line ‘Oh, I’m confused, I thought before oil prices fell we were growing between 5-6% per year, how come once oil prices fell, we immediately entered a recession?’. So this article is a response to this question and suchlike, I discuss why… Read More Lessons from Nigeria’s economic boom
I was 6 years old when Nigeria’s last ‘strong man’ General Sanni Abacha died, as young as I was then, I still have vivid memories of the day of his death. I was sitting with my dad when the news broke on the radio, shortly afterwards there was so much jubilation on the streets, people literally… Read More Democracy day in Nigeria: 18 Years Later, To What Extent Has it Delivered on its Promise?