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EPA as Enslavement Partnership Agreement -By Henry Boyo

  Tanzania’s former President, Benjamin Mkapa, has warned Nigeria to resist pressure to sign the Economic Partnership Agreement with the European Union, because, according to him, such contracts “are counterproductive.” Mkapa sounded this warning as the guest speaker at the 45th Annual General Meeting of the Manufacturers’ Association of Nigeria on September 14, 2017, in […]

  The National Bureau of Statistics’ latest overview of national productivity between April and June 2017 has revealed that the steady decline in output of goods and services, which began in March 2016, has now been, thankfully, reversed by June 2017. Indeed, total output of goods and services in the preceding decade before 2016, generally, […]

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  The biggest news out of Nigeria, last week, was that of the national economy regaining strength and making a dramatic rebound. The news did not shock economic experts because the development is in sync with forecasts that the ‘miracle’ would happen in the third quarter of 2017. The International Monetary Fund (IMF) had, way […]

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  “My stomach is with me. When I am full, I know” 9ice There is a big error of fact in what President Muhammadu Buhari was quoted to have said after meeting with some of his ministers who briefed him on the state of the economy after he returned from the UK, the other day. […]

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He has a disinclination to being branded a “rich man”. But Tola is a Nigerian business guru with monumental means. He was educated in the United Kingdom; lived in London for 16 years; and worked in a British bank as an accountant before heading back home. His work experience as a banker earned him a […]

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Sometimes politics takes a toll on us that we forget about the economy. Going by statistics Nigeria is now in a U-shaped recession as informal shorthand economics will make us believe. To many the blame was pushed to a reduced revenue accruing from oil, though a good being that our economy is a monolithic one. […]

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Many may not realise that the Nigerian Constitution promotes, and depends on, the individuality and the unleashing of the citizens’ entrepreneurial spirit to drive commerce. This constitution empowers Nigerians to practise capitalism, or at least a market-driven economy. Capitalism is the economic system that permits private ownership of the means of production. It gives freedom […]

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Which is worse? N400bn bribery or $15bn+ theft? -By Henry Boyo

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  The recent publication of the National Bureau of Statistics’ survey titled, “Corruption in Nigeria: Bribery, Public Experience and Response,” triggered extensive public conversation regarding the consolidated over N400bn bribes reportedly paid nationwide between April 2015 and May 2016. The 2017 report estimated that a total of 82.3 million bribes, with an average of about […]

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If Oil Can’t Save Venezuela, It Sure Can’t Save Nigeria! -By Ben MurrayBruce

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  When I proposed electric cars for Nigeria and started driving one, many laughed. Today, France, U.K. and Norway have banned petrol cars from between 2025-2040. It is not a matter of if, when it is a matter of when. When I read about Boko Haram killing the engineers searching for oil in Lake Chad […]

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NIGERIA: THE ECONOMICS OF FAILURE -By Obiageli “Oby” Ezekwesili

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  1)    The Big Idea proposed at this podium is that for Nigeria to survive it must overthrow the existing [leadership] order –– especially its fifty seven year old political class and their entrenched patterns of bad behavior.  The consequence of that unwholesome pattern is colossal poor governance that has caused the majority of citizens pain and misery.  […]

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