Time for Bold Economic Moves and Tough Security in Nigeria

Time for Bold Economic Moves and Tough Security in Nigeria

  photo: Global Panorama As Nigeria’s economy is contracting, domestic and global headwinds ensure that downside risks will escalate. Without aggressive economic moves and harsh security measures, the economy could face a disastrous free fall. In 2015, government deficit soared to almost 4 percent of GDP and exports fell 40 percent, which led to a current […]

Anti-Corruption Drive – Critical to Future, International by Nature

Anti-Corruption Drive – Critical to Future, International by Nature

photo: Cabinet Office No inclusive growth is conceivable without success in Nigeria’s anti-corruption drive. Today, that struggle is increasingly global. In mid-May, the world’s first anti-corruption summit took place in London. During the event, the chairman, UK Prime Minister David Cameron was caught on open mike disclosing to Queen Elisabeth II that attendants included some “fantastically […]

Toward Nigeria’s Takeoff

Toward Nigeria’s Takeoff

After decolonization, Nigeria was expected to industrialize fast in order to benefit from rapid growth and increasing prosperity. Yet, that “growth miracle” has still not materialized. Perhaps it is time to learn from the right lessons. “We have crude oil, but you cannot go to filling station and get fuel refined in Nigeria, except we […]

The Year 2016 Requires Tough Decisions in Nigeria

The Year 2016 Requires Tough Decisions in Nigeria

photo: Nicolas Raymond After the plunge of the commodity prices, the US Fed’s rate hikes are paving way for dimmed prospects in many emerging economies. Nigeria is not an exception. Recently, the US Federal Reserve raised interest rates by 25 basis points, taking the first step away from its near-zero interest rate policy. Advanced economies are […]

China’s Aspirations to Expand Beyond Its Boundaries

China’s Aspirations to Expand Beyond Its Boundaries

photo: SarahTz It does take a real entrepreneurial spirit and some imagination, to vision that China’s influence and access could now stretch to the Indian Ocean, but it is what will happen, with the new project, announced in these days of the new China-Pakistan Economic Corridor (CPEC) which will run from Gwadar in Pakistan to […]

What Joint Ventures Can Do for Africa

What Joint Ventures Can Do for Africa

photo: jbdodane While the world’s attention has been fixed on economic crises in America, Europe, and Asia for most of the past decade, Africa has quietly emerged as one of the planet’s main economic engines. Although the past several years have proven extremely fruitful for foreign investment, Africa’s rapidly growing economies have also seen financial outflows […]

China in Africa: A Modern Story of Colonization?

China in Africa: A Modern Story of Colonization?

photo: futureatlas.com China’s economic growth has been a key narrative in the story of economic miracle over the past two decades. Its Outward Foreign Direct Investment (FDI) in particular has played a prominent role in economic interactions with many developing countries. China, once a major recipient of foreign direct investment (FDI) has recently become one of […]

The Impact of ‘Currency Wars’ in Oil-Exporting Africa

The Impact of ‘Currency Wars’ in Oil-Exporting Africa

Since lower oil prices typically result in depreciation of the oil exporters’ currencies, the dramatic plunge of oil prices has severe implications for sub-Saharan Africa. After the global financial crisis, many emerging economies have coped with diminished global growth prospects by deploying direct government intervention and capital controls for competitive devaluation. In turn, advanced economies […]

Chinese lessons of urbanization in Africa

Nigeria has not reaped the benefits it did in China. Then again, the lessons of Chinese urbanization differ from those in the West. Recently, the consulting conglomerate McKinsey released its intriguing urbanization report Nigeria’s renewal: Delivering inclusive growth. According to McKinsey, the Nigerian case differs from the expected pattern of rising productivity and per capita GDP, […]

1 2 3 4