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Nwamaka Ogbonna

Politics. Economics. International Development

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Nigeria

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 →

Democracy day in Nigeria: 18 Years Later, To What Extent Has it Delivered on its Promise?

  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... 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 →

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 →

The DSS’s arrest of Judges, El-Rufai’s ban of the Shiite movement and why we should all be concerned about Nigeria’s Democracy.

It is no news that we have very weak institutions in Nigeria and overtime these institutions have failed to deliver any democratic dividends for Nigerians. However, it will be disingenuous and a disservice to those who fought for our democracy... Continue Reading →

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