POLICY STATEMENT 020 The administration of President Bola Ahmed Tinubu is in its 19th month. We tracked the administration’s economic performance as it heads into its midterm on 29 May. Our findings indicate that the administration is on record to have wrought, arguably, the most significant set of economic reforms. However, the impact of the…
On Friday, 22 November, 2024, the National Bureau of Statistics (NBS) circulated data generated from its latest General Household Survey (GHS) Panel (Wave 5). The data paint a damning state of the national economy as encapsulated in the headline of a daily newspaper which gleefully declares: “Hardship: Nigerians now borrow, skip meals for days –…
We have observed with interest the criticisms that continue to trail the reforms implemented by President Bola Ahmed Tinubu’s administration. Of particular interest are two opinions that gained some traction. One of the critics finds the reforms to be a: “wreckage of the past 15 months, from which the country is reeling.” The other viewpoint,…
Times like this demand nationalistic fervour from citizens, especially those privileged to contribute to setting agenda for national discussion, perception, and perspectives in the public space. The nation is undoubtedly going through a challenging experience as the federal government commits to reforming and rehabilitating the national economy. In this light, it is self-deprecating for some…
More than a week after the protest tagged “Days of Rage” subsided, we have continued to observe that the underlying sentiments that precipitated the August 1-10 public demonstration against the high cost of living, which turned unruly and fatal, still linger in different quarters of the polity. As a baseline for our intervention, we note…
When a privileged officer of state makes public a determination to talk to power, his intention must be subjected to objective interrogation. As a privileged official, it is natural to assume that such officer had binged on power and manipulated the influence associated with his or her political station to expropriate the commonwealth. When such…
Policy Statement 13 In a criminal court in Panama, the trial of the first batch of 27 individuals accused of money laundering related to the global “Panama Papers” revelations began on Monday, the 8th of April, 2024. The owners of the Mossack-Fonseca legal business, which was central to the major document leak in 2016, are…
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…