Muhammad Akanji

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Disaggregating the latest NBS data for policy recalibration

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.
Nigeria’s corruption landscape in 2023: Unveiling patterns and forging change

Nov 26, 2024 | businessday.ng | Muhammad Akanji

Corruption remains a persistent challenge in Nigeria, shaping governance, public trust, and inclusive development. The 2023 report, the third in the series of Nigeria Corruption Survey published jointly by the United Nations Office on Drugs and Crimes (UNODC) and the National Bureau of Statistics (NBS), offers a unique lens into evolving patterns and trends, capturing the nation's ongoing struggle against this endemic issue.
Nigeria’s corruption landscape in 2023: Unveiling patterns and forging change

Nov 26, 2024 | businessday.ng | Muhammad Akanji

Corruption remains a persistent challenge in Nigeria, shaping governance, public trust, and inclusive development. The 2023 report, the third in the series of Nigeria Corruption Survey published jointly by the United Nations Office on Drugs and Crimes (UNODC) and the National Bureau of Statistics (NBS), offers a unique lens into evolving patterns and trends, capturing the nation’s ongoing struggle against this endemic issue.
2024 Nigeria tax reform bill: Paving the way for an optimal tax system and national prosperity

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.
Why Nigeria's tax reform bill could be a game changer for economy

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.
Examining the role of Bretton Woods Institution in Nigeria’s economic challenges

Nov 12, 2024 | businessday.ng | Muhammad Akanji |Muhammed Akanji |Fashola Olanrewaju

In the early 1980s, as Nigeria faced mounting economic pressures from falling oil prices and a rapidly devaluing currency, the country turned to international financial institutions for help. The Bretton Woods Institutions—the International Monetary Fund (IMF) and the World Bank—stepped in, offering much-needed funds but with significant strings attached.
Voices of dissent: Youth activism and the rising tide of forceful regime change

Nov 7, 2024 | businessday.ng | Muhammad Akanji |Muhammed Akanji |Fashola Olanrewaju

In August, as scorching days stretched into restless nights, young activists across Nigeria gathered for a ten-day protest that captivated the nation. The energy in the air was palpable, yet beneath it was a simmering tension—a shared frustration born of promises unkept and voices unheard. Among the protesters was Aminu, a 24-year-old university graduate unable to secure a job in an economy where opportunities seem increasingly scarce.
Voices of dissent: Youth activism and the rising tide of forceful regime change

Nov 7, 2024 | businessday.ng | Muhammad Akanji |Muhammed Akanji |Fashola Olanrewaju

In August, as scorching days stretched into restless nights, young activists across Nigeria gathered for a ten-day protest that captivated the nation. The energy in the air was palpable, yet beneath it was a simmering tension—a shared frustration born of promises unkept and voices unheard. Among the protesters was Aminu, a 24-year-old university graduate unable to secure a job in an economy where opportunities seem increasingly scarce.
Cabinet reshuffle and restructuring: Paving the way for an inclusive Nigeria

Oct 31, 2024 | businessday.ng | Muhammad Akanji |Muhammed Akanji |Obidike Okafor |Fashola Olanrewaju

Nigeria’s current state is a complex web of challenges, from economic stagnation to insecurity, corruption, and infrastructural decay. The country’s social inequality is a major concern, with widespread poverty and limited access to basic healthcare and education.
Research Insight: Who and what will rescue Nigeria from Tinubu’s administration and NNPC?

Oct 16, 2024 | businessday.ng | Muhammad Akanji

The recent petrol pump price hikes- the latest in the upward surge in the commodity’s transaction- have heaped a mountainous burden on the already dishevelled Nigerians. The rise, the second in one month, represents about 16.7 percent or N143 rise across the board. The latest round of upward price adjustment, portends that in less than 18 months of the administration, the price of petrol has risen by over 440 percent (using the Lagos pricing template) with more than 600 percent in the Northeast.