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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?
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Jan 15, 2025 | 
businessday.ng | Chiamaka Agwulonu |Muhammed Akanji
Picture a young girl in a rural community, her dreams tethered by the limitations of an underfunded education system. With dilapidated classrooms and under-resourced teachers, her potential remains largely untapped. This scenario is not just a story; it is the reality for millions of Nigerian children who deserve better. In the grand tapestry of a nation’s future, the threads of education are woven with care and intention, shaping the very fabric of society’s existence.
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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.
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Dec 11, 2024 | 
businessday.ng | Chiamaka Agwulonu |Muhammed Akanji
It is trite that Nigeria’s economy faces significant challenges due largely to elevated inflationary pressure, the removal of subsidies, and currency rate devaluation, all of which have severely impacted household well-being. Other challenges include rising farmer-herder clashes, natural disasters, and greed-induced factors.
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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.
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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.
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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.
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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.
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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.
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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.
