Fashola Olanrewaju

2 months ago | businessday.ng | Fashola Olanrewaju |Muhammed Akanji

Nigeria, Africa’s fourth-largest economy and most populous nation, stands at a critical crossroads. Despite its vast natural and human resources, the country faces a plethora of macroeconomic challenges and a growth trajectory that struggles to keep pace with population expansion and the yearnings of the teeming inhabitants. For many Nigerians, this paradox of abundance and adversity raises a pressing question: why has prosperity remained elusive?

Dec 17, 2024 | businessday.ng | Muhammed Akanji |Fashola Olanrewaju

In a bustling Nigerian market, a mother carefully counts her naira notes, hesitant as she looks at the rising prices of staples like rice, beans, and yams. Her dilemma mirrors the daily struggles of millions of Nigerians grappling with the twin challenges of food inflation and food insecurity. Food inflation—the persistent rise in the cost of food—has become a defining feature of Nigeria’s economic landscape, forcing families to stretch their incomes while compromising on nutrition.

Dec 4, 2024 | businessday.ng | Muhammad Akanji |Muhammed Akanji |Fashola Olanrewaju

The National Bureau of Statistics (NBS) is a vital foundation for evidence-based policymaking in Nigeria, offering a reliable lens through which the nation’s socio-economic realities are examined. Established by the Statistics Acts of 2007, following the merging of the Federal Office of Statistics (FOS) and Nigeria Data Bank (NDB), the agency plays a pivotal role in shaping the nation’s economic and social policy direction.

Nov 21, 2024 | businessday.ng | Muhammad Akanji |Muhammed Akanji |Fashola Olanrewaju

Imagine a bustling market in the heart of Lagos, filled with blue-collar workers and traders of all scales—civil servants retiring home after a very long day, street vendors selling roasted corn, and mega-merchants dealing in electronics. This market represents Nigeria’s economy, vibrant but uneven. Some workers contribute their fair share to maintain the nation’s infrastructure, while others slip through the cracks, exploiting loopholes or avoiding contributions altogether.

Nov 20, 2024 | businessday.ng | Muhammad Akanji |Muhammed Akanji |Fashola Olanrewaju

Imagine a bustling market in the heart of Lagos, filled with blue-collar workers and traders of all scales—civil servants retiring home after a very long day, street vendors selling roasted corn and mega-merchants dealing in electronics. This market represents Nigeria's economy, vibrant but uneven. Some workers contribute their fair share to maintain the nation's infrastructure, while others slip through the cracks, exploiting loopholes or avoiding contributions altogether.