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When I hear some Nigerians talk about Trump coming to do to Nigeria what he did in Venezuela, I laugh. Trump will not come to Nigeria, and I will tell you why. The U.S. will not go where its bread is not buttered. The U.S. will not go where its national security is not threatened. […]
Recently, I came across a video of U.S. Congresswoman Ilhan Omar circulating widely on social media. In a heated moment, she scolded Somali immigrants in Minnesota for failing to support “their clan’s man,” the Somali American mayoral candidate, and instead voting for Jacob Frey, a white candidate. She even rebuked those interpreting the Somali language […]
One of the largest aircraft in the world took off from Calgary International Airport on Saturday, packed with sophisticated equipment destined for the Middle East. The Antonov AN-124, a massive cargo plane designed in the former Soviet Union, which has a payload capacity of 150 metric tonnes, was loaded with two of the world’s most […]
Recently, I wrote about the economic potential of one of Nigeria’s top agricultural exports, cocoa, to nudge the government towards an area it can drive economic and trade diversification through value-addition. The column, published in the December 2020 edition of this magazine, generated a lot of feedback. Some readers expressed concerns about the decline in Nigeria’s […]
Despite the never-ending posturing by Nigerian policymakers about diversifying the economy, the performance of the oil sector continues to have an outsized impact on the country’s gross domestic product (GDP) growth even though the sector contributes less than 10 per cent to GDP. Oil and gas remain disproportionately the largest source of foreign exchange for […]
One of the hindrances to Nigeria’s economic development and prosperity is the country’s inefficient, ineffective and corruption-ridden public procurement system. Public procurement refers to the process by which government departments and institutions purchase goods and services from private sector entities. It is an instrument for public service delivery and development. But having corrupted the system […]
A lot of brouhaha has been generated since the enactment of the Companies and Allied Matters Act (CAMA) 2020 in Nigeria. The Act, which was signed into law by President Muhammadu Buhari last month, was yet to be gazetted at the time of writing this article. Although it is not perfect, the vilification of the […]
Community-Based Organisations (CBOs) are not-for-profit groups that work to improve the lives of people at the local level. They are typically locally based, locally staffed and their operations are very specific to the localities in which they operate. CBOs are mostly focused on providing solutions to one or more community needs. The local presence of […]
In this exclusive interview, Financial Nigeria Columnist and Executive Director, Samuel Olutuyi Foundation, Olajide Olutuyi, discusses the areas of activities and interventions of the foundation and their broad impacts so far. He spoke to Managing Editor, Financial Nigeria Magazine, Jide Akintunde. Jide Akintunde (JA): The Samuel Olutuyi Foundation (SOF) appears to be grassroots-focused. How was […]
The Covid-19 pandemic has further exposed the fundamental weaknesses in Nigeria’s socio-economic fabric. While it is still too early to determine how much havoc the pandemic would wreak in terms of the actual contraction in Gross Domestic Product (GDP) growth and job losses in 2020, the country has already been hit by a double whammy […]
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