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Nigeria’s unreliable electricity costs its economy $29bn a year—solar power would save billions

Samuel Ayokunle Olowosejeje Lengthy power cuts are pretty much a daily experience in Nigeria. The country’s epileptic power supply has been identified by businesses as the second biggest obstacle to doing business in the country, after a lack of access to finance. This unreliable power supply is a major hindrance to Nigeria’s economic growth. It also

Global Trends: 83 percent of Nigerians angry with economy, discontented with democracy–Survey

•Many across the globe are dissatisfied with how democracy is working Jude Johnson Most Nigerians in line with what has become global trend, are angry about the country's economic downturn and as a result, a diminishing confidence in democracy. The African biggest economy and most populous nation is yet to fully recover

Insecurity is destroying Nigeria’s economy — Bafarawa

Jude Johnson A former governor of Sokoto State, Alhaji Attahiru Bafarawa, has warned that the worsening state of insecurity in Nigeria could lead to the collapse of the economy. Already, Bafarawa said, Nigeria’s economy is gradually crumbling with devastating effects on the well-being of the citizenry due to rising insecurity in

Lagos will be Africa’s model mega-city by 2025 – Ambode

Governor Akinwunmi Ambode of Lagos on Tuesday said the state would by 2025 be Africa’s model megacity, a global, economic and financial hub that is safe, secure, functional and productive. He also said that almost half of the Lagos state’s Internally Generated Revenue is used for the payment of salaries, including

Buhari to Obasanjo: You’re busy globetrotting to notice our achievements (read full statement)

Jude Johnson The Nigerian President Muhammadu Buhari has responded to former President Olusegun Obasanjo’s statement, accusing him of being ignorant of the achievements of the government because of his busy schedules travelling across the world. Buhari in a statement read by the Minister of Information and Culture on Wednesday, however, commended Obasanjo

JRC, ex-militants vows to resume armed struggle if…

The Joint Revolutionary Council (JRC), which is a coalition of armed groups in the Niger Delta, has served noticed that 4,314 ex-militants in the region are set to renege on the terms of the Presidential Amnesty they embraced in 2008. JRC spokesman, Ms. Cynthia Whyte, in statement sent via e-mail, yesterday,

Capitalism: what is the way forward?

The world economy is entering 2018 on a high note. Economic growth in the United States, the European Union, Japan, and China accelerated in 2017, and large emerging economies are regaining momentum. Global growth forecasts for 2018 are upward of 3.1 percent. Stock markets have reached record highs. Unemployment is

All change!!!  Nigeria is not an oil economy

By Kemi Adeosun Descriptions of Nigeria’s economy often include such phrases as ‘Africa’s largest oil producer’ and ‘the oil-rich African nation’ but oil economies are typically characterised by low population densities and abundant oil resources. Saudi Arabia with 10 million barrels of oil per day and 30 million people, Kuwait with 2.7

Niger Governor  Commends Aisha Ahmed on CBN Appointment

Babatunde Opalana  The Executive Governor of Niger State,  Alhaji Abubakar Sani Bello has charged the newly appointed Deputy Governor of the Central Bank of Nigeria, CBN, Hajiya Aisha Ahmed to be above primordial sentiments and work for the overall interest of the country. The Governor, in a statement issued by his Chief