08 May

What are the implications of the delayed budget?

On Friday 5th of May, Nigeria’s 2016 budget expired, meaning the country is now without a valid Federal budget.

This is the second year in a row that Nigeria’s budget is being delayed. What is different in this case however is the deafening silence, compared to last year when the issue was at least being discussed. The budget process is not a straightforward one as it usually entails several rounds of back and forth between the Executive and Legislature (both the................   read more

05 May

The week ahead – Hide and seek is the name of the game

Bisi Akande, a former national chairman of the All Progressives Congress (APC), says some people in the corridor of power, are feasting on the health condition of President Muhammadu Buhari. In a Monday statement, Akande said he expressed fear that the country may be thrown into anarchy if Nigerians did not learn from history. “These are two great red flag dangers that have the potential of plunging the country into unprecedented chaos and of destabilising the gains................   read more

28 Apr

The week ahead – Nothing is changing

The CBN Governor, Mr Godwin Emefiele, after a closed-door meeting with Senate President Bukola Saraki and legislative leaders, expressed optimism on Tuesday that the economic recession would be over by the end of June or the third quarter of this year, based on what he described as emerging positive economic indicators. According to Emefiele, these included the downward trend of the value of the naira in the parallel market against the dollar; a reduction in inflation................   read more

21 Apr

The week ahead – Groping for light

On April 13, President Muhammadu Buhari appointed 23 new executives into a bevy of federal government agencies, including the National Agency for the Prohibition of Traffic in Persons, the National Park Service and the Federal Mortgage Bank of Nigeria. Much of the spotlight was however reserved for the significant shake-up at the National Pension Commission. Here, six Executive Board members, including its respected Director-General, Dr. Chinelo Anohu-Amazu; the Chairman................   read more

20 Apr

Infographs – EFCC’s recoveries

The data contained in the infographs paint a picture of monies recovered by the EFCC in the War on Corruption since 2015. This data, accurate as of 19 April 2017, was compiled from public sources, mainly the EFCC’s website, and newspaper reports. All data which had a single source was eliminated.

Download details of recoveries (2 pages)

07 Apr

The week ahead – The ERGP may not help Amnesty funding

The International Monetary Fund (IMF) warned Nigeria that its economy needs urgent reform. In a report published on Wednesday, it highlighted the risks to growth for the recession-hit country and the dangers of a volatile foreign exchange market. The document, a report from IMF staff, outlines a raft of failings in Nigeria?s handling of Africa?s largest economy and could affect talks over at least $1.4 billion in international loans. It strikes a more critical................   read more

04 Apr

What does Nigeria’s amended electoral act mean?

In one of its more consequential decisions, Nigeria’s Senate on March 30, passed the Electoral Act No. 6 2010 (Amendment) Bill 2017. This follows years of mostly unsuccessful attempts – the current amendments are aimed at instituting more reform in the electoral process and make it freer, fairer and credible.

Last Thursday’s amendments are the most ambitious and wide ranging attempt at further enhancing the provenance of electoral conduct in Nigeria. The new................   read more

31 Mar

The week ahead – On a bright note, PIB and forex inspire a dance

The NNPC Group Managing Director, Maikanti Baru, has said the corporation has split the Petroleum Industry Bill into four for easy passage into law. Baru said this on Tuesday while speaking at the Department of State Services’ Executive Intelligence Management Course in Abuja. He said the split was done on the direction of Minister of State for Petroleum Resources, Ibe Kachikwu, and the President. The action is expected to allow the National Assembly deliver on the................   read more

24 Mar

The week ahead – Death, debt and dearth

Benue State was thrown into mourning on Sunday following the killing of a final year Geography student of the State University, Makurdi, allegedly by herdsmen. Hundreds of protesting students took to the streets demanding the arrest and prosecution of those behind the killing. The following day, more than twenty people were killed in an attack on Zaki Biam’s yam market. And the day after in Jato-Aka, at least one person was killed as the community intercepted a truck................   read more

17 Mar

The week ahead – There will be more drama

Nigeria?s inflation rate bucked the trend in February to fall to 17.78 percent, its lowest level in 15 months. This was driven by a slower rise in general price levels, the National Bureau of Statistics said on Tuesday. Inflation had risen to 18.72 percent in January, its 12th monthly rise and its highest level in more than 11 years, as Africa?s biggest economy grapples with an economic recession, a currency crisis and dollar shortages, brought on by low................   read more