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The Nigerian government has been consistent in giving money to the poor, the latest is the ambitious commitment revealed by Vice President Yemi Osinbajo to lift 20 million Nigerians out of poverty in two years. Among the plan is the …
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Living standards “are likely to be set back a decade and tens of millions of people … could be pushed into extreme poverty,” according to the World Bank’s January 2021 Global Economic Prospects. The Bank points out that growth …
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Pay-TV service providers, like many other businesses in Nigeria, are currently facing unprecedented challenges. Apart from regular problems such as inadequate electricity supply, insecurity, and licensing, they now have to grapple with the effects of a consistently high inflation rate …
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The emergence of COVID-19 in the world has no doubt disrupted the economy of most countries. The factor credited for this disruption is none other than the brutal approach the governments adopted when they thought of combating the pandemic. Lockdowns …
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In 2000, South Africa was ranked at 58th in the Fraser Institute’s Economic Freedom of the World (EFW) report. In the 2020 edition, South Africa’s ranking was 90th, out of 162 countries and territories. The steady decline of the country’s …
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After Nigeria closed its land borders with the Benin Republic in August 2019, life became more difficult for cross-border traders, people living in border communities, Nigerian consumers, and businesses in Nigeria, Benin and other countries along the gulf of guinea. …
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One thing makes me smile when I think constitutional democracy – an elected government that shows unwavering love for its citizens. In perfect liberal or social democracies, elected governments fear citizens. The State submits itself to the whims and idiosyncrasies …
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Finance Minister, Tito Mboweni, started his emergency budget speech by alluding to the two solutions the government must implement: stabilizing debt and reducing the deficit. Alas, the initial spark of hope soon died. According to Mboweni, almost half of all …
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South Africa has entered a far too familiar terrain with its ban on tobacco. Unfortunately, this journey the government has embarked on is doomed. Placing a statewide prohibition on goods that are mutually exchanged often leaves sour marks on the …
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The devastating effects of South Africa’s draconian lockdown are playing out in front of our eyes. Implemented on 27 March 2020, the lockdown has piled on the misery for an economy that was already taking its last breaths. The myriad …
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