Economics
Who Benefits From Nigeria’s Detty December?
The beginning of the second half of the year signals plans for Lagos’ glitzy Detty December, a seasonal spectacle that generates short-term profits for a privileged few while deepening inequality, fuelling inflation and missing opportunities for sustainable and inclusive economic growth. Read More...
Nigeria Was Once the World’s Largest Palm Oil Producer—What Happened?
Nigeria is the fifth largest producer of palm oil in the world although it used to be number one. Despite being a major producer, its population relies on imported palm oil reflecting a history that saw Nigeria lose the global palm oil market to southeast Asian countries. Read More...
Financial (Dis)Integration Within ECOWAS
For 50 years, West Africa has struggled to establish financial integration. The East Africa community offers a compelling success story that West Africa can emulate. Read More...
The Economic Uncertainties of the AfCFTA Amidst Regional Conflict
The AfCFTA’s potential to transform intra-African trade risks being undermined by the volatility created by instability in the Sahel and Great Lakes regions. Read More...
Is China’s Belt and Road Initiative in Africa a Development Catalyst or Debt Trap?
As China’s Belt and Road Initiative is reshaping Africa’s economic landscape, opportunities in infrastructure development clash against rising debt, raising questions of sovereignty and long-term sustainability. Read More...
The Economic Cost of Debt Forgiveness on Nigeria
One of Nigeria’s woes is the soaring level of sovereign debt amidst persistent hardship and underdevelopment, raising questions about whether debt relief mechanisms can serve as a sustainable, effective solution. Read More...
Austerity, Inflation and the Plight of Ordinary Nigerians
As inflation persists, austerity measures are reshaping the lives of Nigerians caught in the squeeze, deepening inequality and social struggles. Read More...
Why Nigeria’s Financial Sector Needs Feminist Reforms
Despite visible strides in gender diversity within Nigeria’s financial sector, deep-rooted systemic inequalities persist, undermining genuine progress. Addressing these challenges requires moving beyond surface-level metrics to implement transformative policies that foster true inclusivity and equity. Read More...
The Neo-Colonial Logic of Global Credit Ratings
The influence of credit rating giants, Moody’s Investor Service, Standard & Poor’s and Fitch, in Africa is deeply rooted in colonial legacies. Their systemic biases and harmful economic implications have made African-led reforms to reclaim financial sovereignty necessary. Read More...
Nigeria’s 70,000 Naira Sham
The Nigerian government recently approved an increase in the country’s minimum wage from N30,000 (approximately US$20) to N70,000 (approximately $47). While this increase aims to ease the financial strain on many Nigerians, the reality of the new minimum wage for the average citizen remains harsh. Read More...
