ECONOMY

Construction of Lagos Fourth Mainland Bridge to Be Completed In 3 Years

On Wednesday the 25th of May, the Lagos State Government finally signed a Memorandum of Understanding (MOU) for the construction of the much talked-about fourth mainland bridge. The signatories to the Memorandum also included a host of finance and construction

The Untapped Potential of Nigeria’s Waterways

Nigeria’s waterways altogether span an astounding 10,000 kilometres- the second longest in Africa. The National Inland Waterways Authority (NIWA) also says that about twenty-eight of the nation’s thirty-six states can be accessed through water. Neighbouring countries such as Benin Republic,

Why the Price of Tomatoes Has Soared

Astronomical. Stunning. Unbelievable. Just some of the adjectives employed by Nigerians who try to describe the rise in the price of tomatoes over the past few months. Buyers have had their eyes forced wide open in shock. Then laments have

The Removal of Nigeria’s Fuel Subsidy and Its Ripple Effects

Yesterday’s announcement by the Federal Government on the removal of the long-standing fuel subsidy has triggered a deluge of reactions from Nigerians. And they have come in diverse forms and hues- from people who have clapped excitedly at what they

What Satellites in Space Do for Nigeria’s Economy

When space research is talked about, certain countries tend to get a mention: the United States, Russia, and the European Union (space research in Europe is in many cases a continental collaboration). These days, China features more in these discussions,

The Business of Being Environmentally Friendly

The concept of an eco-friendly business has caught on in many parts of the world. Environmental activists and NGOs, scientists and celebrities, have relayed the message in so many different ways, and people are in general convinced that a clean

Spinning a Revival in Nigeria’s Textile Industry

Kano is said to have had about eighteen factories with as many as 120,000 employees making material for the local and international market. Lagos had sixty such factories which engaged about 250,000.

Getting Nigeria’s Refineries Back on Track

If there is such a thing as a music album on Nigeria’s economic woes, then the perpetual sing-along song of the nation’s moribund refineries should be on it. Not many depressing reproductions of the tale of national failures are told

Nigeria’s Free Trade Zones: Luring Investors to Grow the Local Economy

Investment has to be courted, enticed and captured because others are fighting to get it if it slips away. The investor is king, and he waves his currency in the face of thirsty countries which try to outdo each other

The Rise of Processed and Fast Food in Nigeria

The food industry is one of the best-performing sectors in Nigeria. The industry has grown rapidly due to affordability and convenience. Furthermore, a fast-growing overall population and increasing urbanization are other catalysts encouraging this growth. There is a creative and

President Buhari’s China Deal: What It Means For Nigeria

The drastic drop in the oil price has made it difficult for the Nigerian government to finance the deficit in an ambitious budget for the year 2016, without racking up more debt for the country. Nigeria’s finance minister, Kemi Adeosun,

How Cell Phones Can Increase Agricultural Revenue

Machines have become a part of our lives. From the days of the industrial revolution, man has steadily improved upon primitive versions of mechanical aids, powered by engines and fueled by varying energy sources. Today, these things are everywhere. If

Cobhams Asuquo- Award-Winning Musician, Producer and Songwriter

Cobhams Asuquo is one name that has made it on the list of Nigerians who inspire should there be a compilation as that. This Nigerian born musician, producer and songwriter who has produced and partnered with top Nigerian musicians like

The Economics of Hair Extensions

Hair extensions- beauty or vanity? Depends on how you look at it. Or doesn’t it? Your opinion doesn’t really matter in the end. Hair is big business, and there’s a lot of money to be made. Because hundreds of millions

Rediscovering Nigeria:  A Thing about Government Insensitivity and Angry Citizens

Last week, Mohammed Bouazizi would have been 32. He was a Tunisian fruit vendor who set himself ablaze in protest of the confiscation of his wares and maltreatment by a municipal officer and her subordinates in a rural town. His

A Thing about Corruption

In its infancy, corruption has a justification—the quest for survival; having to drive to the back of a petrol station where a keg of petrol is loaded unto the boot of your car even though the petrol station declines to

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