Economy
News and analysis on the Nigerian economy
President Buhari inaugurates Kolmani Development Project to explore crude oil in northern Nigeria
NNPC Ltd. and its partners attracted an investment of $3 billion to the project
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CBN goes harder on inflation, raises MPR to 16.5%
The further tightening stance will help restore investor sentiment while curbing the rising rate of inflation.
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Discovery of oil in northern Nigeria crucial to Nigeria’s survival as a nation – Timipre Sylva
The project partner, the New Nigeria Development Company, is owned by the 19 states of Northern Nigeria.
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Wealthy people in Nigeria benefit more from petrol subsidies, poor people benefit only 3% – World Bank
Universal price subsidies for liquid petroleum products are almost always regressive
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Humanitarian affairs minister blames finance ministry for N206 billion budget padding as Senate expresses shock
Abbo who was shocked by the minister’s response said the country would not continue to borrow money and be plunged...
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Nigeria’s next president needs to make targeted investments to prevent floods and droughts – Moghalu
Climate change causes hunger through either too little (drought) or too much (flooding) water
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Senate summons finance minister over N206 billion increased humanitarian budget
The money was for projects in 2022 but was not released and now recurring by almost 10-fold
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Nigeria can afford annual social security bill of N1.8 trillion if oil theft leakages are plugged – Moghalu
Nigeria loses $700 million per month to crude oil theft
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Nigeria spending only $220 per Nigerian per year, which is 12% of GDP- World Bank
A child born in Nigeria today will only be 36% as productive when he grows up as he could be...
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2023: Nigeria cannot have so many people living in poverty and not have criminality- Peter Obi
63% of persons living in Nigeria are multidimensionally poor
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