Category Archives: Nigerian Economy

Let us begin to lay a solid foundation for a prosperous Nigeria

It is an open secret that the creation of Nigeria by the British Government was mainly for their interest. But be it as it may, something will always make something to happen; and I think, that the so-called creation could have become the best thing that happened to the entire populace that made up Nigeria if we had done the right things from the onset.

Nigeria needs a Wealth Creator and Sustainer as a President

All the while, we have had great leaders that have led Nigeria since after independence till the present Administration. They may have had good intentions for the nation, for none will seek for the exalted position of a President without good intention for the nation. But, with all their good intentions; none has been able to deliver Nigeria from poor governance.

Governance index scores Nigeria, others low on economy

Some economic experts have said the 2018 Ibrahim Index of African Governance (IIAG) has affirmed the prevailing unemployment and poor economies in Nigeria and a good number of other African nations amid the huge human and natural resources on the continent.

Indeed, the report unveiled by the Mo Ibrahim Foundation, stated that despite strong Gross Domestic Product (GDP) growth over the last decade, African countries had failed to generate economic opportunities for their booming youth population, adding that public governance had fallen short of the expectations of the citizens, mainly composed of young people.

Dangote refinery will transform, diversify Nigeria’s economy — Edwin

THE $12 billion Dangote refinery will transform and diversify Nigeria’s economy when completed in 2019.

Speaking at the on-going Oil Trading and Logistics (OTL) conference in Lagos, yesterday, Mr. Devakumar Edwin, Executive Director, Dangote Group said that the 650,000 barrel per day refinery will stimulate economic development in Nigeria.