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 extremelyContinue reading “Poverty in the middle of plenty”
Author Archives: aminaado
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 itContinue reading “The impossible trinity”
Yes, we can
The year 2020 won’t be missed. The year began calmly enough, but by March the world realised that the coronavirus was the worst public health emergency it had faced in over a century. The virus has so far killed over 1.86 million people and devasted the world economy at a speed not thought possible evenContinue reading “Yes, we can”
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 ofContinue reading “A strike too many”
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 implementationContinue reading “Made in Nigeria”
Transforming Agriculture
President Muhammadu Buhari has made transforming agriculture a centre piece of his economic strategy. The president got it right because agriculture holds the key to Nigeria’s economic breakthrough. But is his government implementing the right policies and programs that will unleash the productivity gains that Nigeria desperately needs? Agriculture is important because it provides theContinue reading “Transforming Agriculture”
Reimagining Nigeria’s Economic Strategy
The economic fortunes of Nigeria have long been dependent on the price of crude oil and continue to this day to be intertwined and affected by its increasing volatility. Despite the opt repeated aspirations of the government to diversify export earnings from oil and gas, these natural resources still account for over 90% of Nigeria’sContinue reading “Reimagining Nigeria’s Economic Strategy”
How can Nigeria reduce youth unemployment?
Nigeria recently celebrated sixty years of independence. It was a time for deep reflection on the numerous opportunities Nigerian leaders missed to improve the quality of life of the majority. Therefore, it is not surprising that the strong dissatisfaction with the quality of life and the scarcity of opportunities in Nigeria have culminated with youthsContinue reading “How can Nigeria reduce youth unemployment?”
NLC: Now is the time to say goodbye to subsidy
The Nigeria Labour Congress (NLC) called on its members and the public to embark on demonstrations and strike actions to protest the increase in price of petrol and electricity tariff from Monday 28 September. I call on NLC to call off the actions as this is not the time for protests but a time toContinue reading “NLC: Now is the time to say goodbye to subsidy”
