Hi blogfam! Another edition of your favorite news updates. Nigeria’s looming debt crisis Nigeria’s current debt stock stands at N19.6 trillion and our debt to GDP ratio is only 18.6%- that is our national debt is 18.6% of the value of goods and services that we produce. On the surface this does not sound alarming… Read More What’ hot? Vol. 3 Nigeria’s looming debt crisis, Alarming inequality, #Diezanigate, Jack Ma in Africa!
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
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 the blog. For now, the tentative title is ‘What’s hot?!’ (not sure I am convinced… Read More What’s hot?!! Vol.1 – June 12, unemployment data, debt etc.
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 10 percent of B2B (Business to Business) spending; in Nigeria and Kenya, it’s less than 20 percent………..Given the… Read More Ease of doing business in Nigeria – 31 Reforms completed in 60 Days
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 the recently released Economic Recovery and Growth Plan, I think that a basic understanding of… Read More Economic diversification: Understanding it within the Nigerian context – part 1
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 handling the recession. Before proceeding to the analysis, let me highlight some of the relevant… Read More State of the Nigerian economy: understanding the latest figures released by the National Bureau of Statistics (NBS)