Nigeria: Living on foreign loans, borrowed time

August 10, 2020

ACCUMULATION OF DEBTS by successive Nigerian governments has become a time bomb, ready to explode anytime soon. Although reliance on foreign loans to a limited extent to execute some government projects is not a bad idea, the conditionality needs to be borrower-friendly. Problems arise when a government’s borrowing profile is rising higher than normal and […]

Beyond closure of Third Mainland Bridge

August 5, 2020

The movement of the political capital of Nigeria from Lagos to Abuja 29 years ago appears not to have significantly changed anything about decongesting Lagos. Over those years, as the commercial life of Lagos had continued to attract more people and the city continued to grow, the infrastructural problems grew in tandem. Lagos State, now […]

Ambode’s connective governance approach

Anthony OgboJune 27, 2018

Governance

We know that gorvenance in Nigeria is challenging. At federal, state and local governments, governance appears to be mystifying and defies the understanding of many well-meaning Nigerians who, rightly so, do not think it is rocket science. We know that there is a lot of talk about corruption being a major bane of progress in […]

The crisis in manufacturing

June 18, 2018

WHAT DOES NIGERIAN government really wants with its manufacturing sector? One of the things for which African governments and their citizens are vilified for is their failure to correct the errors that, being colonised for many decades, brought upon their people, their countries, their economies and their cultures. It is almost as if they are […]

Of macro and micro citizens’ policy focus

Businessam StaffJune 11, 2018

What approach or approaches do the Federal and State governments in Nigeria adapt in the economic treatment and management of their people? The Nigerian system is an arrogant one. People largely tend to be disrespectful to other people and it is worse if one as much as has levers of political or economic power over […]

Government paranoia against business

Businessam StaffJune 4, 2018

We think there is too much schism about in this country. There is mutual suspicion, distrust everywhere and the one that worries us most is government paranoia against business. We feel strongly to write about this again because we think that for far too long this paranoia has held Nigeria in a bad way. We […]

Where’s the N2.8trn capital disbursement

Businessam StaffMay 28, 2018

We will continue to ask this question: What’s the purpose of government? It is increasingly becoming difficult to find a proper answer to this question in present-day Nigeria. And that is because nothing seems to shock anymore, not even the death of citizens in the most brutal and inhumane ways. We say this because we […]

Intrigues around a budget

Businessam StaffMay 21, 2018

You can bet that both the Executive and the Legislature expect,‘We the people’, to be grateful that, at last, the 2018 Appropriation Bill has been passed. That we can all now get on with our lives; and that it does not matter that just a handful of elected officials had put on hold, for seven […]

We’re fine, our debt to GDP ratio’s 20%

Businessam StaffMay 14, 2018

We are not particularly fans of Bretton Woods institutions, namely International Monetary Fund (IMF) and the World Bank; if you are like us, a skeptic and take with a pinch of salt whatever they dish out strongly believing that they do not genuinely represent the interest of developing countries most of the time then you […]

Our failure to count

Businessam StaffMay 7, 2018

There are three simple but interesting failures that have dogged Nigeria as a country and these failures, ignored largely by the leadership who, because of their privileged positions that enable them to heftily take care of themselves and their families and, therefore, forget the rest of us to wallow in their failure, are at the […]