Economics
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...
The Dutch Disease of Nigeria’s Oil Sector
While Nigeria has experienced oil-fuelled growth, over-reliance on the sector and a lack of diversification have kept the economy shackled, raising critical questions about Nigeria’s ability to move beyond resource dependence. Read More...
Gboyega Oyetola’s Blue Ministry
Nigeria’s Ministry of Marine and Blue Economy aims to harness the nation’s vast maritime potential but can Minister Gboyega Oyetola successfully navigate these complex waters? Read More...
Why Nigerians Buy Foreign Citizenship
Fuelled by the pursuit of personal growth, career success and better living standards, more Nigerians are turning to citizenship by investment as their ticket to stronger passports and a world of new opportunities. Read More...
The Misunderstood Economics of Igba Ọsọ Ahịa
Igba Ọsọ Ahịa is not just another middleman scheme, but a social business practice deeply rooted in Igbo society that integrates regional traders for the purpose of facilitating entrepreneurialism and financial independence. Read More...
The Weavers of Iseyin
Aṣọ-òfì does more than exist as a treasured Yoruba fabric and a commodity in Iseyin, its original home. It reflects a societal fabric interwoven with the changing cultural values, social norms, religious beliefs, education and economic systems of the Iseyin community. Read More...
A Clash of Titans
In the world of power and influence, Bola Ahmed Tinubu rules the political arena while Aliko Dangote reigns supreme in the realm of business. What happens when these two giants clash? Read More...
Why Is Food So Expensive in Nigeria?
In Nigeria, food prices are skyrocketing. For many, food has become a luxury rather than a basic necessity. Here’s what’s causing Nigeria’s food inflation and what we can do about it. Read More...
Nigeria’s Unfinished Quest for Economic Independence
In the 70s, Nigeria tried to achieve economic independence by launching Africa’s most comprehensive industrial indigenization programme. Why didn’t it work? More importantly, what did we learn? Read More...
