Economics
Green Future or Black Gold? Is Nigeriaโs Economic Future Still in Oil?
Amid internal challenges, the promise of a new Dangote Refinery and the worldโs shift towards renewable energy, Nigeria (Africaโs largest holder of proven oil reserves) grapples with the pivotal question of whether to continue its allegiance to OPEC or chart an independent course in the labyrinthine world of oil geopolitics. Read More...
Emefiele and the Folly of Bundling Policies The Error of Policy Agglomeration
Despite its intentions, CBNโs monetary policiesโunder Godwin Emefieleโof changing the currency, introducing cash withdrawal limits and transitioning to a cashless system caused hardship for Nigerians. While the pain and suffering this policy caused have drastically reduced, its effect is yet to be fully recognized. Read More...
Fuel Subsidy is Gone? The Ambiguous End of Nigeriaโs Fuel Subsidy Programme
The Bola Tinubu government has started off with the removal of the fuel subsidy, the controversial scheme that has existed for more than 30 years. Experts have argued the fuel subsidy is expensive, unsustainable and a fodder for corruption. Critics worry its absence could further squeeze Nigeriaโs poorest. Is Tinubuโs โbrave new eraโ one to anticipate or dread? Read More...
The Leaking Basket Why You, and Your New President, Should Care About Benue State
The state of the agricultural sector in Benue State is a microcosm of the challenges and opportunities facing the broader sector nationally. Hence, solving the food crisis in Benue could go some way towards solving the food crisis in Nigeria. Read More...
Nigeria’s Old Notes The Supreme Court Has Nullified the Ban on Old Naira Notes
In the judgment, the court noted that Buhari admitted that the policy was flawed in his address, but still exercised the unlawful use of his executive powers to deny Nigerians of access to their money. Read More...
Paying It in Green Debt Forgiveness Is Crucial to Tackling Climate Change
Growing debt burdens hinders the fiscal capabilities of developing countries for whom additional debt often means reduced government spending in the public sector. Read more. Read More...
The Enduring Malformation of West Africa Why Economics Alone Cannot Explain West Africaโs Slow Development
Beyond leveraging the global push for repatriation and calling for the return of stolen cultural artefacts, the Nigerian government needs to change its attitude towards cultural art to guarantee the Benin Bronzes a meaningful future at home. Read More...
Cash at Hand, Cash at Bank? The Puzzling Logic Behind Nigeriaโs New Notes
Nigeria has redesigned its currency notes but the big question is how the government will recall the old notes, as cash is still king despite efforts by the Central Bank of Nigeria and fintech companies. Read More...
Recurring Repatriations What Has Been Done With Abachaโs Recovered Loot?
According to the statement issued by the US Department of Justice, this latest tranche of repatriated funds brings the total amount of repatriated funds in this case to approximately $332.4 million. But what has been done with the millions that have already been repatriated to the Nigerian government by the US? Read More...
Serious Hunger Nigeria in the 2022 Global Hunger Index
For the second year in a row, Nigeria ranks 103rd out of 121 countries facing hunger in the 2022 Global Hunger Index. Read More...
