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Tag: economy

Sola July 23, 2014

Your bank still gets loans from CBN at 12%, then lend to you at xxx

By Tunji Andrews The Monetary Policy Committee (MPC) has retained the lending rate (MPR) at 12% after its meeting on Tuesday in Abuja. The Central Bank Governor, Godwin Emefiele, said…

July 22, 2014

Who woulda thunk it? Manufacturing is now biggest driver of Nigeria’s growth [DETAILS]

by Tunji Andrews An ironic twist in Nigeria’s economic story has presented itself with Renaissance Capital’s report that flags manufacturing as the major driver of economic growth in Nigeria. This…

July 12, 2014

Opinion: Taking a close look at Japan’s troubled economy

by Mustapha Abiola When he was elected, using the three arrow symbolism to attract voter appeal, I reckoned the Japanese people began to believe in a method to his magic.…

June 6, 2014

Tony Rapu: Nigeria – 2015 and beyond

by Tony Rapu The children of Israel should have entered the Promised Land less than a year after their epic deliverance from bondage in Egypt yet they catastrophically failed to…

June 4, 2014

Issa Aremu: Emefiele – The entry of another regulator

by Issa Aremu It is reassuring that Emefiele is committed to development financing. He was reported to have said that his immediate priority is beyond financial system stability to…

June 2, 2014

Opinion: PDP and the growth of Nigeria’s democracy

by Sunny Okoro Like I said the PDP has actually grown our democracy from stage to stage because even some few years back many of the things we see and…

May 23, 2014

Just In: Pres. Jonathan signs 2014 Budget

by Akan Ido President Goodluck Jonathan has today signed the 2014 Budget. The Appropriation Act was passed by the National Assembly several weeks ago with the President delaying its to…

May 17, 2014

Muhammadu Buhari: On our economy and security – Nigeria should have one narrative on Boko Haram

by Muhammadu Buhari The way out of poverty is to get people to work. Workers should earn reasonable wages for their work and farmers reasonable prices for their produce. The…

May 16, 2014

Cheta Nwanze: Lessons from the Nigerian economy

by Cheta Nwanze First lesson is that our government thinks that poverty alleviation is handing out largesses, creating jobs that do not exist, dashing out cutlasses and machetes. Nigeria as…

April 22, 2014

Opinion: Nigeria, the strongest economy in Africa indeed

by Abiola Oladimeji One does not even need any foreign comment in order to know that the pronouncement of Nigeria as the biggest economy in Nigeria is meant to serve…

April 15, 2014

Demola Rewaju: Rebase the GDP all you can but we are still poor

by Demola Rewaju All that the announcement did was to make official something we’ve known all along but the way some are going on about it makes it seem as…

April 13, 2014

Reno Omokri: Nigeria’s GDP rebasing adds value to every citizen

by Reno Omokri The thing that they fail to understand is that any Nigerian who discredits the rebasing of Nigeria's economy is discrediting himself. It was Nigeria's value that was…

April 13, 2014

Simon Kolawole: Nigeria’s GDP rebasing – No, we haven’t arrived yet

by Simon Kolawole Good news. Nigeria now houses the largest economy in Africa. We achieved this by simple arithmetic we changed the base year of measuring our Gross Domestic Product…

April 8, 2014

Opinion: Let’s talk about these new GDP numbers

by Ifeanyi Uddin Evidently, despite the new ginormous size of our economy, there is an equally humongous opportunity for improvement. We could glory in the many upsides of the new…

April 7, 2014

Frank Onuoha: Nigeria is the largest economy in Africa – why we should care

by Frank Onuoha We made history – I like to think it is for good - by beating the South Africans to the race of becoming Africa's largest economy and…

April 7, 2014

Cheta Nwanze: What Nigeria needs to know about the ‘global economy’

by Cheta Nwanze Today's piece is about economic systems, the World Bank and the IMF, and whether they have they helped Nigeria or not. The reason I chose this particular…

April 1, 2014

Atiku Abubakar: What the National Conference should focus on

by Atiku Abubakar I come from the north, and I can tell you that government’s reliance on oil revenues has virtually destroyed the economy of the north, and no part…

March 29, 2014

Adaobi Okwy: The church and a certain type of ignorance (Y! Superblogger)

by Adaobi Okwy The Holy Book says that we perish because of our lack of knowledge and I believe this to be true in every way. If God does not…

March 27, 2014

Feyi Fawehinmi: Why Innoson’s Innocent Chukwuma is exciting (Warning: Long Read)

by Feyi Fawehinmi But the early days were characterised by him doing all sorts of different things as the opportunities came to him. Whereas back then he was at the…

March 20, 2014

Opinion: The thin line between out of work and out of hire

by Uzoma Elenwoke Having stated my case, I would want to see our government take a stronger stance on unemployment in our country so that at least the death of…

March 8, 2014

Opinion: National Conference – The Ogonis are a part of Nigeria too

by Saatah Nubari The fact that the Ogoni’s have always addressed the issues of injustice meted out to them peacefully, without carrying arms or detonating bombs, right from the days…

March 1, 2014

Opinion: $20 billion is ‘missing’, ASUP is on strike & GEJ is still saying ‘no comment’

by Gladys Nwachukwu Through all this chaos, I have paused to wonder. ASUU might have called off their strike, but ASUP is still on strike, COEASU is still on strike,…

February 25, 2014

Opinion: How Africans underdeveloped Africa

by Amir Abdulazeez We are now in 2014, 42 years after the book: 'How Europe Underdeveloped Africa' by Walter Rodney was published. This is almost half a century, yet Africa…

February 13, 2014

Opinion: Lagos and the threat of Boko Haram

by Dele Agekameh Before the latest threat, security agents had uncovered and dismantled the plot by the alleged terrorists to plant cells in the western part of the country with…

February 10, 2014

Opinion: Asari Dokubo is a big fat liar

by Bayo Oluwasanmi Only in Nigeria can the type of Dokubo – an anachronistic belligerent with a shrilled tone that’s so mean spirited – with such a limited understanding of…

February 8, 2014

Opinion: 2014 Budget- The APC mob is out

by Abdullahi M. Seidu During the debate of the 2014 budget at the national assembly, the mob mentality of the APC lawmakers came to play. Instead of debating on substance,…

January 24, 2014

Chuba Ezekwesili: The effect of ‘I no get change’ policy

by Chuba Ezekwesili Interestingly enough, the issue of change might have a smaller counter-effect of increasing the exchange of goods and services. In scenarios of ‘change deficiency’, people end up…

January 21, 2014

Opinion: Let us kill subsidy before it kills us

by Henry Boyo Should Nigerians endure abject poverty in spite of increasing wealth for our serial economic predators or are we ready to resolutely demand that only policies that would…

January 15, 2014

Okey Ndibe: On Nigeria’s new ‘MINTED’ hope

by Okey Ndibe Nigeria’s economic policy makers are understandably giddy about Mr. O’Neill’s flattering prognosis. I’d caution the infusion of a high dose of chastening realism into the premature celebration.…

January 14, 2014

Elnathan John: Why I decided to forgive Stella Oduah

by Elnathan John And citizens wont blame you if the economy crashes. They will blame the president. Everything is the presidents fault. No electricity, Mr President. No healthcare, Mr President.…

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