Last week, Nigeria launched a national airline – ‘Nigeria Air’. The Nigerian government annoys me daily perhaps even hourly but I cannot remember when last a government decision irked me so much as this news did. I am angry because this is an unnecessary gamble done for nothing-else than political expediency – to fulfil an… Read More 5 reasons why Nigeria does not NEED a national airline.
In recent years Jollof rice has emerged as some sort of cultural phenomenon in Nigeria, which is quite a huge deal considering the fact that Nigerians generally struggle to find areas of mutual interest. I cannot recall how this Jollof craze started but it’s been strong enough to ignite #jollofwars with neighbouring countries such as Ghana… Read More Making Nigerian Jollof Rice a global meal! 4 Lessons from Thailand #Jollofeconomics
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?
Election season in Nigeria is here again! To be honest, it’s a little hard to believe that President Buhari’s 4-year administration will soon elapse because I remember vividly the day he was elected. There was so much hope and expectations but today all that seems to have disappeared and have been replaced with gloom and… Read More Nigeria’s 2019 elections – Five ways to be an informed voter!!
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 turning point in our economic fortunes. However before we get too carried away, I believe… Read More As Nigeria exits the recession, here are four key lessons!
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.
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 contracts to her cronies who were neither qualified nor even executed them. In return for… Read More #Fixing Nigeria’s oil: What the Diezeanigate really teaches us.
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 budget to get it signed while in 2017 we were looking for who would sign… Read More 5 things you should know about Nigeria’s 2017 budget.
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 on the radio, shortly afterwards there was so much jubilation on the streets, people literally… Read More Democracy day in Nigeria: 18 Years Later, To What Extent Has it Delivered on its Promise?