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?