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Nwamaka Ogbonna

Politics. Economics. International Development

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Nigeria

As Nigeria exits the recession, here are four key lessons!

Recently the Nigerian Bureau of Statistics announced that Nigeria is officially out of a recession after recording a positive growth rate of 0.55% after five consecutive quarters of negative growth rates. This is good news and should hopefully be a... Continue Reading →

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Nigeria: to restructure or not?

The latest buzzword amongst politicians in Nigeria is 'restructuring' which in many case is assumed to mean greater devolution of powers and resources to state governments. It is argued that doing so will improve governance and developmental outcomes. However in this... Continue Reading →

#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 →

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 →

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