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 Government (FG). Personally, I do not think it is worth any celebration and if any… Read More Nigeria’s exchange rate falls below N400/$1 for the first time since August 2016, what could possibly be wrong with this?
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)
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 $1 billion originally requested for, as this is the amount approved by the National Assembly.… Read More Understanding Nigeria’s $1 billion Eurobond sale: Opportunities and risks
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 an economic recession can afford to be so wasteful. Across all ministries, the extent of… Read More Nigeria’s Budget 2017: Examining the #Frivolousitems
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 by 18.55%. This depressing statistic got me thinking and examining the quality of choices the… Read More Nigeria in recession: government expenditure and the N-power programme
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 to say that we have not made any gains (albeit fickle) in our quest for… Read More 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.
Human rights are women’s rights and women’s rights are human rights’– Hillary Clinton As some of you are aware, the Nigerian National Assembly failed to pass the Gender and Equal Opportunities bill after its second reading , so now a new version of this bill has been put forward by the senate. Apparently, this differs… Read More The revised Gender and Equal Opportunities bill and why we should all be deeply concerned!
I read somewhere on Twitter that being a Nigerian citizen is akin to being in an abusive relationship- your lover treats you badly, you get mad, complain but you remain in the relationship hoping that him/her will change somebody. I think that’s honestly how I feel about Nigeria most of the time. Anyone that knows… Read More Let’s talk about the recent demolitions of some SME’s- Justified or not?
Hey fam, apologies for my inconsistencies, its really a struggle holding down a 9-5 job, blogging and managing other personal projects. But hey it’s really no excuse, I am working on balancing all my commitments effectively and become a more consistent blogger from this quarter of the year, so wish me luck 🙂 So last… Read More Nigeria’s new exchange rate regime- implications and lessons learnt!