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Rebooting Nigeria’s Fledgling Economy -By Chima Christian and Oseloka H. Obaze

Nigeria’s economy is stressed. Several performance indicators and ratings point to its parlous inclination. But no performance indicator is as stark as everyday realities that confront the general populace. Beyond the gross erosion of the disposable income, many Nigerians are presently unable to afford three square meals and medical care. Food inflation continues to worsen.  […]

Viewed in isolation, statistics on the Nigerian economy paint a bleak picture. Having emerged from the 2017 recession, Nigeria is growing at an anemic 1.5 to 1.9 percent per year—against population growth of 2.6 percent. Nigeria is one of the few countries in the world where poverty has worsened—90 million of its citizens languish in […]

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Governor of the Central Bank of Nigeria, Godwin Emefiele, has been nominated to serve a second five-year term in office by President Muhammadu Buhari. This was conveyed in a letter sent to the Senate a few days ago. Barring any unforeseen events, Emefiele’s reappointment should be confirmed by the upper chamber without fanfare. Meanwhile, financial […]

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Last Sunday in Kano, a city where millions of young people are neither in school nor meaningfully engaged, an official wedding was organised for 1,500 couples at the cost of N300 million by the state government. “The beneficiaries were selected from each of the 44 LGAs of the state by the committee shouldered with the […]

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Unlike the situation in 2015 when he was in no hurry to assemble his team many months after being sworn in, President Muhammadu Buhari is expected to constitute a new cabinet sooner than later. His second term in office provides an opportunity to revisit the jettisoned idea of appointing a coordinating minister for the economy. […]

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The man who is now presiding over kaduna state amidst inter-ethnic and inter-religious turmoils, was once the beloved minister of federal capital territory.  Although as the Abuja minister who gained notoriety as an Anti-poor bureaucrat, he was also praised in official circles for embarking on some policy implementation that at least on paper, made people […]

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“When I was growing up, my parents told me, ‘Finish your dinner. People in China and India are starving.’ I tell my daughters, ‘Finish your homework. People in India and China are starving for your job.‘” – Thomas Friedman The story is told of a woman who came to her younger sister’s house to commiserate […]

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The International Monetary Fund (IMF) recently released its Fiscal Monitor report which ranked Nigeria second to last on our sovereign wealth fund. Initially analysts and commentators translated this raking as an indictment on the Nigeria Sovereign Investment Authority (NSIA), but the IMF clarified a day later that they were referring to Nigeria’s Excess Crude Account […]

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All of last week, much of the news was given to conversations about the International Monetary Fund (IMF)’s opinion of (and prognosis for) Nigeria’s domestic economy. The Fund did provide enough fagot for the commentariat’s burning fires. Early in March it had released the report of its 2019 Article IV Consultation with the country. Then, […]

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Maybe this article should have been titled: “Why Does APC Never Listen to Bola Tinubu?” Well, there is surely something that the followers of Bola Ahmed Tinubu (BAT) see in him, which some of us don’t. What we see more often is the bad news, the purported greed and alleged ownership of half of Lagos, […]

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