The Pension Industry as a Catalyst for Economic Growth

The Pension Reform Act 2004 was one of the most important legislations of the last two decades. It completely transformed, the then, stagnant pension industry that catered for only a minority of employees into a vibrant and growing industry for all Nigerians. From modest beginnings in 2005, the industry has grown to be an important…

Uplifting Nigerian Women

Nigerian women are politically and economically marginalised. Political marginalisation though is more entrenched and it is not going away anytime soon. This is largely thanks to the women repelling, toxic and sometimes violent party politics in Nigeria. Gone are the days when National Council for Women Societies and Jam’iyyar Matan Arewa flexed their muscles and…

A fiscal mess

The working relationship between the 9th National Assembly (NASS) and the Executive branch has been good and two of the benefits are a return to January to December budget cycle and enactment of a Finance Act, which improves current tax laws. However, the good relationship can’t seem to get the Federal Government out of its fiscal…

Financing Nigeria’s Development

Nigeria is a poor country and yet it does everything it can to repel investors. With a few exceptions, investors are treated with indifference, bordering on contempt, by both the political class and civil servants. The indifference displayed by our leaders when dealing with potential investors would have been laughable, but for the fact that…

Poverty in the middle of plenty

Poverty is so perverse in Nigeria that it is no longer news that millions of Nigerians live on the margins of existence, eking out barely liveable incomes on a daily basis. What is news is that over 87 million Nigerians currently live in extreme poverty and Nigeria now accounts for 11.7% of the global extremely…

The impossible trinity

In the last few weeks Nigerians, who have had any need for foreign exchange, have been grappling with the consequences of the Central Bank of Nigeria’s (CBN) attempt to defy the impossible trinity. As the Naira continues to tumble against major currencies, the CBN realised, as it did in the past and others before it…

A strike too many

The ongoing strike by the Academic Staff Union of Universities (ASUU), which started in March this year, has succeeded in almost wiping out a whole academic year. Unfortunately, the Federal Government and ASUU have failed to reach an agreement, despite engaging in several meetings, to the detriment of millions of university students.  While some of…

Made in Nigeria

The quest by Nigeria to transform its economy from one dominated by export of primary resources to an industrialized one, with a diversified source of foreign exchange and government revenues, began after independence in 1960. In pursuing industrialization, Nigeria adopted state-led Import Substitution Industrialization strategy in the 1960s and 1970s. The 1980s saw the implementation…