Economic Outlook: 5 Things to Watch Out for in 2018

If there’s one thing economists can all agree on, it’s that the events and trends in 2017 have set the tone for an eventful 2018 in Nigeria. Since the economy technically exited the economic recession the big question has been: Will the 1 percent economic growth recorded in 2017 continue and become more evident in … Continue reading Economic Outlook: 5 Things to Watch Out for in 2018

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The Things They Did That Made Them Giants Series: Policy Options for Diversification Part II

In the second edition of the series ‘The Things They Did That Made Them Giants’, we zone in on the service sector as we discuss the sine-qua-non role of foreign governments in advancing key service industries in their countries. The idea is to draw lessons from the stories of the giants as we make recommendations … Continue reading The Things They Did That Made Them Giants Series: Policy Options for Diversification Part II

The Things They Did That Made Them Giants Series: Policy Options for Diversification Part I

Much has been said but too little has been done to diversify Nigeria’s economy. Diversification has been a buzzword since the 1980s, Nigeria’s oil age. Still, non-oil sectors contribute too little to government earnings, employ too few people, and have made very small advances in innovation and technology. In an effort to break away from … Continue reading The Things They Did That Made Them Giants Series: Policy Options for Diversification Part I

How Corruption Leaves Us with Less

For the first time, Africans have identified the private sector as a highly corrupt group according to the Global Corruption Barometer report. Corrupt practices involving business executives are often classified as “grand corruption.” Unlike petty corruption were low- and mid-level public officials abuse entrusted power in dealing with citizens, grand corruption favours private interest over … Continue reading How Corruption Leaves Us with Less

7 Significant Elements of the CBN’s Economic Report

In its usual manner, the Central Bank of Nigeria (CBN) published its quarterly economic report providing an account of the changes in the economy. The Economic Report for the first quarter of 2017 was published on 13th July, 2017. We explore seven data points from the economic report: Bank assets fall The foreign asset of … Continue reading 7 Significant Elements of the CBN’s Economic Report

The Future of Jobs and Skills

The World Economic Forum (WEF) released ‘The Future of Jobs and Skills in Africa” report on May 2nd, 2017 in an attempt to prepare sub-Saharan Africa for the disruption in jobs and skills brought by the fourth industrial revolution. This digital revolution brought by the widespread use of humanized technology like self-driving cars, thinking machines, … Continue reading The Future of Jobs and Skills

The Land of Multiple Exchange Rates

On 21st April, 2017, the Central Bank of Nigeria announced a new exchange window for investors, exporters and end users. This portfolio investors rate brings the number of exchange rates to ten (even though more have been reported). There is the official exchange rate, interbank rate, international credit and debit cards rate, international monetary transfer … Continue reading The Land of Multiple Exchange Rates