Waziri Adio: Recession as Opportunity for Reversing Resource Curse

waziri-adio

 And, sadly, it came to pass. It is well predicted that most countries blessed with natural resources, even in the best of times, perform worse economically than countries not so endowed; and that, when times are tough, countries that are dependent on natural resources come to an assured grief. There is a popular name for […]

Rotimi Fawole: Creating A Dis-enabling Environment

business

 One of the very best places to learn about the nature of Nigeria’s business environment is at a professional services firm when providing business establishment advice to a wide variety of comers. Even better, when you have to provide said advice to foreign professional services firms helping their clients set up subsidiaries in Nigeria, because […]

To Sell Or Not To Sell? Nigeria’s Government Weighs Decision Over National Assets

Buhari

 Nigeria Minister of Budgets and National Planning, Udo Udoma, has disclosed that Nigeria has no plans to sell national assets as a panacea for the current economic recession ravaging the country. Udoma made this disclosure ahead of the upcoming Nigeria Economic Summit. Some Nigeria including Africa’s richest man Aliko Dangote and President of the Senate, […]

Recession: Nigeria’s Investment Inflow Shrinks By N642 Billion In 12 Months

File photo of a trader changing dollars with naira at a currency exchange store in Lagos

 The Nigeria economy recorded a total decline of $2.1 billion in investment inflow in the first 12 months of President Muhammadu Buhari’s administration. The amount when converted based on the N305.5 per dollar official exchange rate of the Central Bank of Nigeria, translates to about N 642 billion. Africa’s biggest economy has been experiencing persistence […]

The World Bank Urges Sudan To Undertake Economic Reforms, Including Devaluation Of The Sudanese Pound

sudan

 The World Bank has urged Sudan to undertake swift structural reforms to revive its ailing economy. During a briefing in Khartoum on Sunday, World Bank officials said that Sudan should infuse institutional and macro economic reforms including devaluing the Sudanese pound against the dollar, to achieve stable growth. The report indicated that a stable exchange […]

Small Is Better In Africa’s Economies as Biggest Nations Stumble

Kenya CBN

 East African nations are playing an increasing role in driving growth in the world’s poorest continent as they ride a wave of cheap oil, slowing inflation and lower interest rates. Left behind: Former powerhouses Nigeria and South Africa. The economies of Kenya, Rwanda, Tanzania and Uganda are all set to expand more than 5 percent this year, […]