Nigeria has long been trying to learn how best to manage boom-bust cycles in global commodity prices, adopting an oil-price benchmark for annual budgets while saving revenues above the benchmark in an excess crude account in the half decade before the 2008/2009 global crisis. The crisis and its...

When Nigeria returned to democracy in 1999, real GDP growth rate was 1.12 percent, consumer price inflation was 6.6 percent, and unemployment rate was 8 percent. 15 years down the road, average real GDP growth is 6.5 per cent, inflation is 7 per cent, but latest available unemployment rate is...

Show me a continent, country, region, state or city that is liquid, stable, and growing, with socio-political harmony, and I will show you it is optimizing its public assets. Show me one that is illiquid, unstable, and declining, with socio-political disharmony, and I will show you it is not...

This paper demonstrates that the facts, issues, and reasoning that justified the N100, N200, N500, and N1,000 notes in Nigeria twenty five years ago should also justify N2,000, N5,000, N10,000, and N20,000 notes today. It reveals the the Central Bank of Nigeria (CBN) should go beyond its...

In last decade, the world economy has seen a twin glut in which a commodity glut depressed commodity prices and export values since 2014, while a liquidity glut boosted equity values and capital flows, creating a new reality in which net capital inflows for most countries and regions now surpass...

It is necessary to distil some of the economic management lessons from the first three months of President Muhammadu Buhari's regime and highlight needful reforms. Five issues stand out:-While it is true that a myriad of problems were inherited from the previous regime, the new regime appears to...