The Buoyant Nigerian Economic Outlook

THE downturn of oil prices has created immediate but temporary fiscal and monetary challenges in Nigeria. Dollar oil revenue to the government has shrunk considerably, reflecting over 70 per cent decline in oil prices from the heights they attained in June 2014. Therefore, expansion of the federal …

A Living Memorial for Deadened Memories

THE Bus, a sculptural memorial in honour of Ken Saro-Wiwa, Saturday Dobee, Nordu Eawo, Daniel Gbooko, Paul Levera, Felix Nuate, Baribor Bera, Barinem Kiobel, and John Kpuine was shipped to Nigeria from the United Kingdom by Platform. On arrival in Nigeria it was seized by the Nigeria …

Embracing Our Common Economic Future with Optimism

AS widely acknowledged, the ‘old normal’ of high oil prices – oil prices at $100.00 per barrel and above – has given way to a ‘new normal’ of prices well below this range. The 2016 crude oil price outlook is very gloomy. The most authoritative optimistic price outlook for the product in 2016 is by …

The So-Called Nigeria, Saudi Arabia Policy Divergence

PUBLIC commentaries in the Nigerian media have recently harped on a policy divergence between Nigeria and Saudi Arabia. Both countries, as well as other oil exporting countries, have been forced to make significant fiscal adjustments as the prices of oil have remained low. However, the …

Anglo-Nigeria Relations: The Next 100 Years

LET me start by thanking the new President of the Nigerian-British Chamber of Commerce, Prince Dapo Adelegan for inviting me to deliver this address on the occasion of his inauguration as the 14th President of the Chamber. …

15th January and 500 Years of Nigeria’s History

IN four days’ time it will be 15th January 2015 – fifty years after Nigeria’s first military coup d’etat to be followed a few weeks later by 13th February 2015 – forty years after General Murtala Mohammed was assassinated by Lt-Colonel D.S. Dimka and his accomplices. It is no surprise that the major …

Nigeria in 2016: Looking Back, Looking Forward

THE economics of what didn’t happen is not always appreciated; its value is also often disputed. Be that as it may, the country cannot be denied the sense of progress in 2015, in that we avoided a much-feared crisis aftermath to the general elections that held in the earlier part of the year. President …

Soludo and the Nightmare of Economic History

EARLY morning (2.24 am) of Friday, November 20, 2015, I got up from my deep sleep and went straight to my laptop. After clearing the sleep from my eyes, I put on the laptop to search for a particular piece of work that I have done about a month back. It was a 52-page research-based document …

Ending Violence against Children — An Obligation for Us All

A FOUR year-old girl raped by her uncle; a ten year old boy beaten to death by his father; yet another heart wrenching story of abuse. No day passes without similar stories in the media. Many of us will sigh and turn the page, searching for the financials, the latest corruption scandal, or the sports …

The President’s Team

A LITTLE hyperbole won’t hurt. So, here. Millions of Nigerians were glued to the NTA live telecast October 13-14 as the senate put 18 of the president’s ministerial nominees to the test of ministerial suitability and qualification. It was riveting. It is called screening in the arcane legislative …

Mobilising Domestic Resources for Africa’s Development

THE Africa rising narrative may be heading against a headwind as current global economic uncertainties continue to undermine recent gains. In the past decade African nations like Nigeria, Zambia, Angola, Ethiopia, Rwanda and Kenya recorded some of the world’s fastest-growing economies as a …

The Political Sins of Adebayo Shittu In Oyo

HE is deep in the theory, practice and philosophy of the Islamic religion. Now I can bet that he would be laughing at the antics of his detractors or those who choose to play politics with the plan of the Creator. His attitude, I dare assume, is premised on the words of Allah in the Holy Quran, Surah …

The Moral Burden of Leadership

EVEN before their first formal day in office, President Muhammadu Buhari and Vice-President Yemi Osinbajo submitted their assets declaration forms to the Code of Conduct Bureau. It was a first in our country and makes you want to crow at the dawn of a new era. …

Nigeria and the Future

Professor Anya O. Anya speaks on Nigerian and the Future: The challenge of national development and national integration in the age of change and transformation at the 2015 Eni Njoku memorial lecture in Lagos …

A New Sheriff Is in Town

Some call it the Buhari bounce. Others describe it as the Buhari effect. Yet some others say it is the Buhari aura. One thing is however crystal clear.

The Wretchedness of the Nigerians

THERE is no telling the fact that we are faced with a situation wherein over a million Nigerians have become so wretched in the mist abundant wealth of our country. The current war against corruption by Mr. President reminds me of three books I read as an undergraduate. Two of them were very …

The Gay March

ON the eve of President Muhammed Buhari’s departure for the US July 19 for his first meeting with President Barack Obama, some Nigerians were genuinely worried that the meeting might produce a nod for gay marriage in our country. Some anti-gay young men and women in Lagos organised a …

Party Supremacy and Independence of the Legislature: Any Synergy?

IN the Nigeria’s contemporary political scene, particularly in the eon of governing APC, a new lexicon has been given prominence and is become the topical issue today. It is called “Party Supremacy”, PS. In the PDP era, it was derogatorily called the “Lack of Internal Democracy”, LID, but in APC it …

Jega: The Conquest of Cynicism

PROFESSOR Attahiru Jega now wears a new social tag as, in former chairman of INEC. In the days and weeks to come, relief would continue to wash over him. I am sure he would pinch himself, wondering how he survived in the nation’s most dangerous waters. The piranhas tried hard but failed to …

Loving, Giving and Caring

THE word love as it is used by the so-called lovers is most intricate and intriguing. A word that is full of many definitions, meanings and applications. It is a word that has engaged the thoughts of philosophers, the clinical analysis of psychologists and the preoccupation of many creative bards. The …

‎Senate Beyond the Noise

IT IS just three weeks since the Eight Senate was inaugurated on the proclamation prepared by President Muhammadu Buhari. Since then, a lot has happened within the institution which under normal circumstances should have attracted positive attention from members of the public, including …

Selective Forex Restriction: CBN Replies The Economist

THE attention of the Central Bank of Nigeria (CBN) has been drawn to your recent article titled “Toothpick Alert” in the print edition of The Economist Magazine of July 4th 2015. First, the article seems to ignore the fact that the exchange rate is simply a price that is essentially determined by the forces of …

Fashola and Leadership Values

OBAFEMI Awolowo, one of Nigeria’s most engaging political thinkers, once declared that the greatest legacy a leader could leave behind is to have his or her name etched in gold in the hearts and minds of the people. I have in the last one month observed the truism of Chief Awolowo’s statement as …

Celebrating Nigerian Army at 152

THE history of the Nigerian Army could be traced to as far back as 1863 when Lieutenant Glover assembled mostly northern able-bodied men to protect the Royal Niger Company, which was referred to as the “Glover Hausas”. Since then, the Army has undergone transformation in …