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What Economic Freedom Looks Like in Africa

Nov 15, 2024 | theliberalist.org | Favour Adeboye

The Fraser Institute’s Economic Freedom of the World 2024 report recently revealed a disturbing trend: global economic freedom has fallen for the third consecutive year. Africa, in particular, performs poorly, with Algeria ranking 161 out of 165 evaluated economies, Libya 157, South Africa 81, and Nigeria 113. Research reveals that African countries’ poor performance is a result of several regulatory bottlenecks hindering business innovations, development and expansion.
NNPC Moves to Sell Refineries After Private Sector Success

Sep 5, 2024 | theliberalist.org | Favour Adeboye

For many years, Nigeria grappled with inefficiencies in managing its oil facilities, leading to a heavy reliance on imported refined petroleum products. Amidst recurring fuel scarcity, the Nigerian National Petroleum Commission (NNPC) has recently announced plans to hand over two of its major oil refineries to private entities, a move that could mark a turning point in the nation’s energy sector.
Getting Women into Nigerian Politics

Aug 30, 2024 | africanliberty.org | Favour Adeboye |Mustapha Lawal |Kevin Mofokeng

On March 14, 2024, rural women from communities in the Federal Capital Territory of Nigeria expressed concerns over women’s low inclusion in politics. The women lamented neglect and financial constraints as problems in assessing political and leadership positions. The outcome of the 2023 general elections is evidence of low women’s political leadership representation.
Nigeria’s Oil Industry Efficiency Lies on Privatisation. Here’s Why

Aug 29, 2024 | theliberalist.org | Favour Adeboye

Nigeria embarrassingly exports crude oil for several years, only to import refined products at a hefty price, causing trade deficits and currency depreciation. Meanwhile, the Dangote refinery has signalled that private sector involvement in the oil and gas industry can attract unimaginable investments, reduce import costs, and even create employment opportunities for Nigerians. Despite the refinery’s potential, certain government agencies have become obstacles to progress.
#EndBadGovernance Day 4: President’s Speech Cools Protest, But Couldn’t End It

Aug 5, 2024 | theliberalist.org | Favour Adeboye

The fourth day of the #EndBadGovernance protest witnessed a rather slow turnout. Contrary to the high momentum gathered in the first three days, demonstrators seem to have sheathed their swords. Out of over ten states that started out on August 1st, only a few states including Abuja, Jos, Edo and Lagos marched out. President Tinubu’s broadcast on Sunday morning seemed to ice the protest, though met with criticisms.
Nigeria: 25 Years of Civil Rule, 25 Years of Police Brutality

Jun 18, 2024 | theliberalist.org | Favour Adeboye

Despite celebrating 25 years of uninterrupted democracy, Nigeria continues to grapple with severe police brutality. The persistent repression raises crucial questions: Is our democratic system failing to protect the freedoms it promises, or is the problem rooted in the unchecked power of our security forces? The latest of this incident was on May 7, when some officers of the Nigerian police brutally suppressed a peaceful protest by women in Ughelli, Delta State.
Press Freedom Faced More Repression Under President Tinubu’s First Year in Office

May 29, 2024 | theliberalist.org | Favour Adeboye

On December 18 2023, in Abuja, Nigerian President Bola Tinubu made a pledge during a meeting with the Newspapers Proprietors’ Association of Nigeria to always uphold media freedom and respect opinions whether they are adversarial or complimentary to his government. Unfortunately, assessing his first year in office, Nigerian media has faced more repression than it did in the past decade.
Nigeria’s Anti-Graft Sting Raids Putting Students On The Spot ‘Unjustly’

Apr 1, 2024 | theliberalist.org | Favour Adeboye

Dade Mighty and his friends played games and threw banters deep into the night in his hostel room at Kwara State University in February 2024. Suddenly, the door opened violently, making a loud sound like. A group of uniformed men broke into their room without a knock at the door. Armed to the teeth, they marched the students into a ship bound for distant shores.
Can Retention Fund Initiatives Solve Brain Drain Problems In Nigeria’s Banking Sector?

Mar 11, 2024 | theliberalist.org | Favour Adeboye

In Nigeria, fund-labeled initiatives have become a constant pill to calm the raging storm of economic hardship. These funds barely serve their purpose because skilled talents still leave the country massively on a daily basis. In a bid to curb the maggots infesting the banking sector, which is plagued by brain drain, the Chartered Institute of Bankers of Nigeria (CIBN) introduced a Human Capital Retention Fund to address the trend of mass emigration of bank workers.
Electorate Distrust in African Democracies Could Push More Countries to Coup

Sep 15, 2023 | theliberalist.org | Favour Adeboye

In a recent address, Bola Ahmed Tinubu, President of Nigeria, warned that the wave of military coups threatens the peace and stability of Africa. While his sentiment rings true, it only skims the surface of a much deeper issue. Over the last three years, the continent has witnessed an alarming seven coups in six nations, signaling not just military volatility but a deep-rooted distrust of the democratic system among the electorates.