The recent petrol price hike by the Nigerian National Petroleum Company Limited (NNPCL) and the contrasting ultimatum issued by Lagos State’s Commissioner for Environment and Water Resources, Tunji Bello, for traders to crash prices highlight the complexity of Nigeria’s economic landscape. While both actions reflect attempts to manage rising costs[Read More…]
Author: Godwin Anyebe
Gas Shortage Cripples Aba Power: Industrial Growth at Risk
By Godwin Anyebe The industrial growth of Aba, Abia State, is facing significant challenges as the city’s primary power supplier, Aba Power Limited, struggles with a crippling shortage of natural gas. This shortage is severely impacting the ability of Geometric Power Limited, which operates the Aba Integrated Power Project, to[Read More…]
Government Inaction as Fuel Scarcity Persists—A Nation Left in Limbo
Nigeria, a country blessed with abundant natural resources, finds itself once again grappling with the scourge of fuel scarcity. Long queues at petrol stations, skyrocketing transportation costs, and the inevitable ripple effects on the cost of living have become the painful reality for millions of Nigerians. Yet, as citizens endure[Read More…]
Discos’ Unfair Migration of Consumers from Band B to Band A – A Violation of the “Willing Seller, Willing Buyer” Principle
The Nigerian electricity sector has long been a subject of dissatisfaction for its millions of consumers. Yet, despite ongoing issues, electricity distribution companies (Discos) have found new ways to aggravate their customers. One of the most alarming practices in recent times is the forced migration of consumers from Band B[Read More…]
Navigating Uncertainty: Nigeria’s Markets Show Resilience Amid Economic Shifts
By Godwin Anyebe As global economic uncertainties continue to cast a shadow over financial markets, Nigeria has emerged as a beacon of resilience. Despite facing significant challenges, including inflationary pressures, fluctuating oil prices, and policy adjustments, Nigeria’s markets have shown remarkable adaptability, with key sectors demonstrating strength and stability. This[Read More…]
The Role of Digital Innovation in Transforming Nigeria’s Insurance Sector
The insurance sector in Nigeria, long perceived as traditional and resistant to change, is undergoing a significant transformation driven by digital innovation. As technology continues to reshape various industries, the insurance sector is not left behind. From improving accessibility and customer experience to enhancing operational efficiency, digital innovation is revolutionizing[Read More…]
Nigeria’s Maritime Sector: The Bottleneck at the Port, a Rising Concern for the Manufacturing Sector
Nigeria’s maritime sector plays a crucial role in the nation’s economy, serving as the gateway for over 90% of its international trade. However, the sector is facing significant challenges, particularly at the ports, where bottlenecks have become a growing concern for the manufacturing sector. These bottlenecks not only disrupt the[Read More…]
Entrepreneurship: The Backbone of National Economic Growth
Entrepreneurship is often hailed as the engine that drives economic growth and development in any nation. It plays a pivotal role in creating wealth, generating employment, fostering innovation, and enhancing the standard of living. For a country like Nigeria, with its youthful population and vast natural resources, entrepreneurship is not[Read More…]
Tourism: An Untapped Sector in Nigeria
Tourism: An Untapped Sector in Nigeria Nigeria, Africa’s most populous nation, is a country of vast natural beauty, rich cultural heritage, and diverse landscapes. From the undulating hills of the Jos Plateau to the sprawling beaches of Lagos, and from the vibrant festivals in the east to the historic relics[Read More…]
Between Nigeria and the Future of Technology: A Promising Journey
Nigeria, often referred to as the “Giant of Africa,” stands at a crucial crossroads as it navigates the complexities of technological advancement in the 21st century. With a population exceeding 220 million, a youthful demographic, and a rapidly expanding tech ecosystem, Nigeria holds immense potential to become a leader in[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]