Nigeria's Export Growth Needs Execution, Not Just Access
Industry leaders stress that Nigeria must focus on execution and quality standards to unlock its export potential, as market access alone is insufficient for global competitiveness.
Category : Economy
Minister Lists Reform Gains, Experts Warn on Policy Inconsistency
Minister Jumoke Oduwole outlines reforms like the National Single Window and tax changes to boost MSMEs, but experts caution that policy inconsistency could undermine these efforts.
Middle East Crisis Risks Nigeria's 2026 Budget Implementation
Economist Dr Muda Yusuf warns that the Middle East crisis could disrupt Nigeria's 2026 budget execution despite potential oil revenue gains, citing volatility and existing commitments.
Nigeria's Domestic Debt Servicing Hits N8.6 Trillion
Nigeria's domestic debt servicing surged by 46% to N8.61 trillion in 2025, now exceeding external debt costs. Treasury bill interest payments tripled, highlighting growing fiscal pressures as debt servicing surpasses capital expenditure by N3.9 trillion.
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Wale Edun Thanks Tinubu, Highlights Economic Gains
Former Finance Minister Wale Edun expressed gratitude to President Tinubu and Nigerians for the opportunity to serve, noting economic growth rose from 2% to over 4% and inflation dropped from 35% to 15% under the administration's reforms.
Edun Thanks Tinubu, Notes Economic Gains from Reforms
Former Finance Minister Wale Edun expressed gratitude to President Tinubu for the opportunity to serve, highlighting economic growth rising from 2% to over 4% and inflation dropping from 35% to 15% under the administration's reforms.
Soft Life on a Budget: Nigerian Salary Earners Guide
Discover practical strategies for Nigerian salary earners to redefine comfort, plug financial leaks, and enjoy life sustainably despite rising inflation and economic pressures.
Dollar Hits 7-Day High, Naira Weakens, Reserves Drop $1.4B
The US dollar surged to a 7-day high due to escalating US-Iran tensions, while Nigeria's naira depreciated to around ₦1,349.67 per dollar and external reserves fell by $1.4 billion, raising economic concerns.
Nigeria's Domestic Debt Hits ₦80.49 Trillion
Nigeria's domestic debt has surged to ₦80.49 trillion following a ₦100 billion borrowing from unclaimed private funds, signaling growing fiscal pressure and a shift toward unconventional financing sources under the Finance Act 2020.
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Nigeria's $250B Waste Loss Becomes Economic Opportunity
Nigeria loses $250 billion annually from poor waste management, but a new initiative led by Amb. Dr. Ekpoye Promise Nakus aims to convert this crisis into wealth through recycling plants and job creation.
Nigeria's Vulnerability in Global Wars and Economic Order
Analysis of Nigeria's economic and strategic weaknesses amid global conflicts, highlighting reliance on oil, food imports, and lack of industrial capacity, with comparisons to historical and contemporary nations.
Nigeria's Reforms Shift from Fragility to Growth, Edun States
Finance Minister Wale Edun asserts that Nigeria's economic reforms under President Tinubu are transitioning the country from vulnerability to a stable, growth-oriented path, as discussed at the World Bank-IMF Spring Meetings.
Economist Warns Over Unbudgeted Public Spending Concerns
Chief Economist Paul Alaje expresses worry over reports of unbudgeted government expenditures, emphasizing risks to fiscal discipline and transparency amid World Bank data controversy.
Family Income in Nigeria: A Deep Dive into Household Earnings
Explore the complexities of family income in Nigeria, including average earnings, income brackets, and practical steps to assess household economic status in Africa's largest economy.
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Nigeria's Debt Hits N159 Trillion, Analysts Call for Fiscal Discipline
Cowry Asset Management warns Nigeria's rising debt could hinder growth, stressing the need for revenue expansion and prudent spending to ensure sustainability amid N159.28 trillion debt.
FG Denies Revenue Leakage in World Bank Report
The Federal Government clarifies that FAAC deductions are legitimate fiscal obligations, not revenue diversions, as per the World Bank's Nigeria Development Update.
FG Borrows ₦100 Billion from Unclaimed Funds, Debt Hits ₦80.49 Trillion
Nigeria's domestic debt has surged to ₦80.49 trillion following the Federal Government's ₦100 billion borrowing from unclaimed private assets, signaling growing fiscal pressure and a shift toward unconventional funding sources.
Nigeria's Q1 Economy Resilient Despite Insecurity, Uneven Growth
Nigeria's economy demonstrated steady performance in Q1 2026, with experts highlighting resilience despite challenges like insecurity and uneven sectoral growth. Key economists discussed improvements in macroeconomic stability and the need for reforms.
SMEDAN Alarmed as Nigerian Businesses Avoid Support Funds
SMEDAN raises concerns over low application rates for over N200 billion in grants for Nigerian MSMEs, citing distrust in government programmes as a key barrier.
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Afreximbank 2027 Internship: $1,000 Stipend, Visa Support
The African Export-Import Bank (Afreximbank) has opened applications for its 2027 Internship Programme, offering young Africans a $1,000 monthly tax-free stipend, housing allowance, and visa support to gain hands-on experience in trade finance.
FG Bans Imports of Poultry, Cement, Medicine, Adds Green Tax
The Federal Government has implemented sweeping import bans on 17 categories of goods including poultry, cement, and medicines while introducing a 2% environmental levy on high-capacity vehicles as part of the 2026 Fiscal Policy Measures.
FG Borrows N100bn from Dormant Accounts as Debt Mounts
The Nigerian government has raised N100 billion through the Unclaimed Funds Trust Fund, tapping dormant bank accounts and unclaimed dividends to finance budget deficits. This move comes as Nigeria's total public debt reaches N187 trillion, highlighting gr
FG Clarifies FAAC Spending, Rejects World Bank Report Claims
The federal government has dismissed allegations of hidden spending and revenue diversion, stating that FAAC deductions are legitimate fiscal obligations, not missing funds.
Nigeria's Debt Service Hits N2.28 Trillion Domestic, $1.8 Billion External
Nigeria's debt service obligations surged in Q4 2025, with domestic payments reaching N2.28 trillion and external payments hitting $1.8 billion, driven by high interest costs and commercial debt.
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Carney: Canada's US Ties a Weakness in Trade War
Canadian Prime Minister Mark Carney warns that close economic ties with the US have become a vulnerability due to trade disruptions and tariffs, urging diversification for national sovereignty.
FG Denies Revenue Mismanagement, Tasks Regional Commissions
The Federal Government has refuted claims of revenue diversion while charging regional development commissions with economic diversification. Meanwhile, former VP Atiku Abubakar criticizes economic policies following IMF growth forecast downgrade.
Revive Ajaokuta Steel to Boost GDP by $115b, Save $9.1b Forex
Prof. Banji Oyelaran-Oyeyinka calls for urgent action on Ajaokuta Steel, highlighting its potential to contribute $115 billion to GDP, conserve $9.1 billion in foreign exchange, and create 70,000 jobs.
World Bank's Fuel Import Advice for Nigeria Sparks Debate
The World Bank's recommendation for Nigeria to resume petrol imports has ignited controversy, with critics arguing it conflicts with national laws and undermines domestic refining investments like Dangote Refinery.
Nigeria's Terms of Trade Up 0.01% in Q4 2025
Nigeria's all-commodity terms of trade increased by 0.01% in Q4 2025, with exports rising 0.12%. The NBS report details regional price changes and imports from France.
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Functional De-Dollarisation: Nigeria's Strategic Vulnerability Mitigation
This article explores Nigeria's 'Naira-for-Crude' policy, a key pillar of economic reform aimed at reducing dollar dependency for fuel imports. It analyzes the mechanics, risks, and implications of this functional de-dollarisation strategy.
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