A missionary’s voice cuts through the haze of Nigeria’s economic despair. “And a lot of Nigerians do not know… if you go back to the 1974 Kissinger Report… it says explicitly there, that the Nigerian people must not be given access to their resources—that they must be kept for the rich nations,” declares Prof. Kent Read More…
By Nkanu Egbe Nigeria is running out of room. Not in the physical sense, and not even in the way most people think about money. The country is approaching something far more dangerous—a point where its revenues can no longer sustain its obligations, where borrowing ceases to be a solution, and where even willing lenders Read More…
If poverty, inflation and weak state capacity are symptoms, Nigeria’s governance design is part of the disease. From an oversized cabinet to duplicated agencies and weak local government structure, here are 10 constitutional and institutional reforms that could help cut waste, free up public funds and make growth more inclusive. Nigeria’s poverty crisis has exposed Read More…
A Return Framed by Politics, Defined by Economics President Bola Tinubu’s return to Lagos at 1.15 a.m. on Friday, March 20, after his UK state visit was politically choreographed around Eid-el-Fitr, but economically the bigger story travelled back with him in paperwork, signatures and financing guarantees. Before leaving London, Tinubu witnessed the sealing of a Read More…
Africa does not have a dog in the fight going on in the Middle East. “Operation Epic Fury” is a war between a tag team of a lion and a polar bear on the one hand and a honey badger and its army of unseen Tasmanian devils on the other. What we have learnt so Read More…
Nigeria’s 63% Poverty Surge: Reform, Inflation and the New Hardship Economy As poverty in Nigeria climbs toward 63%, affecting about 141 million people, economists debate whether President Bola Tinubu’s reforms are the cause of the crisis—or the painful medicine needed to stabilise Africa’s largest economy. A Nation Where Poverty Now Touches Most Households Nigeria entered Read More…
The economic shock has not landed yet — but the signals are flashing The war between the United States, Israel and Iran may be unfolding thousands of kilometres away, but Lagos — as Nigeria’s commercial nerve centre — is watching closely. For now, transport fares have not surged again, food prices have not spiked dramatically, Read More…
In what is being described as the most aggressive fiscal move of his presidency, President Bola Tinubu has signed Executive Order No. 9 of 2026, a directive that effectively dismantles the “middleman” role of the Nigerian National Petroleum Company Limited (NNPC) in revenue collection. Signed on February 13, 2026, the order mandates that all oil Read More…
By Nkanu Egbe Lagos, Nigeria’s economic nerve centre, continues to chase ambitious development targets—from housing and transport to job creation and food security. Yet, one of the most powerful tools for inclusive economic participation lies neglected: cooperatives. In a city where a significant majority of the economy operates informally, the Lagos State Government has rightly Read More…
The Nigerian government has unveiled its Medium Term Expenditure Framework (MTEF) for 2025-2027, proposing a total expenditure of ₦47.9 trillion for the 2025 fiscal year. This ambitious plan aims to drive economic growth and development across various sectors. The MTEF includes several critical assumptions and projections: The MTEF is a crucial document that outlines the government’s fiscal Read More…
