The Independent Media and Policy Initiative IMPI has said that there are enough proof to support the Federal government’s choice of HiTECH to construct the Lagos-Calabar coastal highway. In a statement signed by its Chairman Niyi Akinsiju, the think tank group said its study of the situation showed that all the claims by former Vice…
Policy Statement 05 There has been a growing concern over the dwindling roles of State Governors in the economic affairs of the country since the nation’s return to democracy in 1999. Many of them are on record to have shown limited knowledge of the concept of federalism. It appears that this confounding gubernatorial disposition to…
The latest Gross Domestic Product (GDP) numbers from the National Bureau of Statistics (NBS) have shown in many ways that the Nigerian economy is not only fast adjusting but also adapting to the national economic reforms being spearheaded by the President Bola Ahmed Tinubu administration. The reformation is headlined by the twin policies of fuel…
Policy Statement 12 The World Bank projects that the value of Nigeria’s Gross Domestic Product in 2024 will reduce to $394.94 billion at current prices, that is, a decline of $82.44 from the 2022 size when it was stated to be $477.38 billion. This projected shrinking of the size of the Nigerian economy will reflect…
Policy Statement 11 We feel enthused over the acknowledgement, across the country, of the reversal of the spiral downward slope of the Nigeria’s national currency, the Naira, by the Central Bank of Nigeria (CBN). We have observed that the downward slide of the Naira has not only been arrested, but it is gradually stabilizing against…
The Independent Media and Policy Initiative (IMPI) has described the rate with which the naira is appreciating as a reflection of the bouquet of positive policies introduced by the Nigerian authorities and the Central Bank. In a statement signed by its Chairman Niyi Akinsiju,the policy think tank argued that the government and the CBN deserve…
Policy Statement 10 We have observed with dismay the seeming congenital amplification of the numbers of companies that had shut down operations in Nigeria or relocated out of the country by corporate sector advocacy groups and the opposition. This is noticeably done with derision as they make to cast the country in the frame of…
Policy Statement 09 We have observed that for the first time in over two decades, capital expenditure funds are higher than allocations to recurrent. By the nation’s annual budget precedence, this is remarkable considering the age-long national aspiration to engineer a budget that is perceived as a true capital expenditure fiscal instrument. A recurrent budget,…
The Independent Media and Policy Initiative IMPI has hailed the federal government for allocating more funds to capital expenditure than recurrent in the budget for the first time in the current democratic dispensation. It said in statement signed by its Chairman Niyi Akinsiju that the decision to buck a 24- year trend with the 2024…
In 1999 when Waziri Abubakar was sworn into office as Vice President and supposed head of the economic team, inflation rate was 6.9 percent but by 2000, that is a year after, it had risen to 17.8percent.