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Nwamaka Ogbonna

Politics. Economics. International Development

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economics

#Fixing Nigeria’s oil: What the Diezeanigate really teaches us.

Over the last couple of weeks, a lot of details concerning how Nigeria's former Minister of Petroleum, Diezeani Alison Madueke, allegedly embezzled public funds have emerged. The stories are mind-blowing, to put mildly, one of them is that she awarded lucrative... Continue Reading →

5 things you should know about Nigeria’s 2017 budget.

On Monday June 12, 2017, Nigeria's 2017 budget was finally signed into law after several months of the drama that has come to characterise Nigeria's budget process. As a Twitter user put it 'In 2016, we were looking for the... Continue Reading →

What’s hot?!! Vol.1 – June 12, unemployment data, debt etc.

Hello blogfam! I hope your week has started on a great note already?! If not, I wish you some more luck. Anyway, I am excited to be starting what I think (hope & pray) maybe a permanent weekly feature on... Continue Reading →

Ease of doing business in Nigeria – 31 Reforms completed in 60 Days

Small businesses are the lifeblood of Africa's economy and their contributions to employment and GDP cannot be overstated. A report by Mckinsey last year noted that: "Small companies dominate in other African economies. In Ethiopia, large companies account for less than... 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 →

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