Now that Nigeria’s economic diversification is hot on the table

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Although shaken by the tempest of the sinking oil prices, we still possess vastly untapped natural re-sources. That abundant natural heritage reassures the confidence we have that we can navigate out of the morass of depleting oil prices. Our favourable climate and fertile land support plentiful agri-cultural harvests as well as animal grazing. The northern […]

2020 Oil Price Shock and the Nigerian Bank Performance

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Numerous hiccups dotted the traditional financing model of Nigeria’s upstream oil sector and invariably made way for alternative options. Domestic bank funding was one of those financing options. Before that, joint venture, production sharing contracts, and service contracts were the dominant vehicles for financing upstream oil sector projects. However, persistent delays and defaults by the […]

How powerful was Abba Kyari?

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Unarguably, the late Abba Kyari was powerful. And he remained so even to the point of his burial. As we already know, those who are powerful are those who not only control people and structures but to a considerable extent, influence the eventual outcomes of target goals. The higher such people are in the command […]

Covid19’s mutation to ‘hunger virus.’

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It is challenging to placate a man deprived of the necessities of life. That is the root of the famous saying that “a hungry man is an angry man”. We are already seeing that happening as more people who are experiencing hunger due to the lockdown of the socio-economic life are beginning to respond as […]

Corporate responses to COVID – 19 lockdown

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Most residents of the three Nigerian states of Lagos, Ogun and Abuja currently on socio-economic lockdown are already fatigued. With obviously low levels of savings, many are already existing on the margins of survival and may not yield to prolonged activity lockdown. Worse still, both the federal and state governments have also substantially failed to […]

The wonderful benefits of coronavirus

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There are two famous sayings that we need to invoke to appreciate the many right sides of coronavirus outbreak rather than the gloomy and fear-exciting pictures painted across the media. The first is that ‘things are never as bad as they seem,’ while the second is that ‘sometimes you have to lose what you have […]

Revving Nigeria’s innovation capabilities

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Several pieces of evidence attribute 70% of the high standard of living of the developed world to its successes in technological innovation. Other important factors such as minimal levels of antimarket policies, elevated levels of the rule of law, as well as the effective provision of public goods, explain the rest of the 30%. The […]

Successfully handholding African businesses to sustained high-performance

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Doing business in Africa is extremely challenging. Reasons for this complexity abound. Inadequate infrastructure, lousy leadership, destructive and unproductive entrepreneurship as well as poor access to finance and markets hamper the continent’s capacity to grow entrepreneurially as well as economically flourish. The rate at which Nigeria’s corporate sector diminishes is notoriously high. According to the […]

Nigerian economy in the era of Corona

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At the last count, – at the time of writing this essay – coronavirus has successfully established its presence in no fewer than 123 countries with a record of 119,300 certified cases out of which about 56% recovered and 3.6% died. Currently, there are about 48,493 cases of actively infected persons globally. Although most recorded […]

Visualising a flourishing Nigeria  

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Creation energises all things to grow and improve. Inanimate objects are also part of the growth and improvement process when used correctly. That is why we celebrate the growth of entrepreneurship and profits as well as innovations and inventions. That is also why we desire income in exchange for our skills, talents and time. Nations […]