How not to remove fuel subsidies …. The vicious cycle of foreign exchange liberalization on fuel prices
Since the President announced the removal of fuel subsidies on May 29th, 2023, it has been difficult to estimate the accurate subsidies been paid by the government. The government is only not transparent, it is also not clear what volume of petroleum products is imported into the country and how demand and smuggling across the […]
How not to remove fuel subsidies
17 months is a short time in a country’s history, but it can also be a long time. 17 months after the casual statement by President Bola Ahmed Tinubu during his inauguration, many Nigerians are in utter shock. They are shocked that fuel prices have moved from N185 per litre in May 2023 to between […]
Tahir Mamman goofed.
Until last week, very few knew who Tahir Mamman was. It was fitting therefore that he announced himself in a way symptomatic of this government. The minister announced during his interview with Seun Okinbaloye on Sunday Politics that students under the age of 18 will not be allowed to sit the West Africa Examinations Council […]
Business confidence rises on expectations of monetary policy stability
The Central Bank of Nigeria (CBN) business survey for July 2024, released last week, has thrown up optimism for increased business confidence in the economy as the Naira is expected to stabilize over a six-month period. Outlook for August, October, and January 2025 shows indices of 7.6, 19.3, and 30.7, respectively, with businesses expecting greater […]
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What’s required is more than a Supreme Court judgement – Ogho Okiti
Given the unprecedented fiscal changes and proposals since President Bola Ahmed Tinubu became Nigeria’s 16th President on May 29th, 2023, it appears he is poised to be the most consequential “fiscal” president since independence. However, our generation’s worst cost of living crisis is preventing Nigerians from paying the required attention. In the last three weeks, […]
Nigeria got US $19 billion from the World Bank since 2019
ThinkBusiness Africa investigations show that the World Bank has approved support for programmes and projects in Nigeria totalling an estimated US $19 billion since 2019. These are principal amounts approved by the World Bank, either as loans from the International Bank for Reconstruction and Development (IBRD) arm or credit grants from the International Development Association […]