07 Feb

A critical look at the Southern Kaduna crisis

Dan Azumi moved back home to Sanga in Kaduna in 1994 with his parents. Some of his siblings are married and reside in Fadan Karshi. His late sister, Ande, got married to a Gwandara man and they had five children.

According to Dan, his village was attacked by some Fulani who the villagers claimed had a week prior, sent a letter informing the community they would be carrying out a raid of the community. Men and young adults formed a vigilante group. At about 10pm on the

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03 Feb

The week ahead – As things get tighter we’ll need to be more creative

The three tiers of government received a total of ₦4.95 trillion instead of the ₦6.1 trillion projected to be distributed to them in the 2016 fiscal year from the Federation Account Allocation Committee, new data shows. This created a ₦1.1 trillion shortfall within the 12-month period. The federation account is currently being managed by a legal framework that allows funds to be shared based on three major components – statutory allocations, Value Added Tax

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02 Feb

Analysis – What does Morocco’s reentry into the AU mean for Nigeria?

The African Union’s re-admittance of Morocco brings to an end a 33 year old dispute that began in 1984 when members of the then Organisation of African Unity—including Nigeria—voted to admit the Sahrawi Arab Democratic Republic (a partially recognized state that controls a thin strip of area in the Western Sahara) into its fold, despite protests from Morocco which has laid claim to the territory.

Western Sahara, a sparsely populated region in the Sahara Desert

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27 Jan

The week ahead – We need a ladder not a spade

Nigeria has endured a week of rumours surrounding the health of President Muhammadu Buhari. “News” of his purported death in London had gone viral on social media on January 20, forcing the President’s media aide, Garba Shehu, to deny the speculation on his Twitter handle. Transport minister, Rotimi Amaechi, told Arise TV on January 23 that “the president stood for one hour and if he is not fit he would have collapsed. I do not think we should discuss president’s

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24 Jan

Analysis – Much ado about FX

In December 2016, SBM Intelligence was commissioned to do a study on the FX market. The report was delivered, and the client granted permission for an updated and redacted version to be released to the public six weeks after the presentation of the original report.

Being a largely import dependent consuming economy, Nigeria needs foreign exchange in order to function. This has been the story for half a century at least.

The Nigerian FX market has evolved over the years

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20 Jan

The week ahead – Procrastination never solves anything

Another petrol scarcity may be looming as marketers have stopped the importation of petrol. According to the Depot and Petroleum Products Marketers Association, a ₦660 billion FG debt for already imported products, coupled with interests on bank loans have been major stumbling blocks to continued importation. The group’s Executive Secretary, Olufemi Adewole said most marketers now depend on the Nigerian National Petroleum Corporation for imported petrol. The

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17 Jan

Analysis – A look at Nigeria’s security situation

Last year, Nigeria’s security situation raised a lot of concern. There were surges in cattle rustling, attacks by pastoralists on farming communities, oil theft related violence, and attacks on oil facilities in the Niger Delta region. The Boko Haram insurgency, after a brief lapse, witnessed an increase in suicide attacks, and attacks on military units. All these, and other adventures, ensured that Nigeria’s security apparatus had their hands full all year.

This

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13 Jan

The week ahead – A new year needs new thinking

The FG will soon start an exhaustive review of the country’s trade policy in order to avoid dumping of substandard products in Nigeria by some foreign trade partners. The review, which will be done this year, is the first to be carried out since 2002 when the current policy was formulated. Trade Advisor to the Minister of Industry, Trade and Investment and Chief Trade Negotiator for Nigeria, Chiedu Osakwe, said the review of the trade policy would be done in such

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16 Dec

The year ahead – What can Nigeria expect in 2017?

2016 proved to be a difficult year for Nigeria which saw the highs and lows of important metrics. Sadly, there were highs where there should have been lows, and lows where there should have been highs. We had highs in inflation, in unemployment and in deaths from famine while the lows were in oil and tax earnings, FDI, in percentage of CAPEX budget spent, and the list goes on. A summary shows that we were spot on in 79% of our projections for the year.

2016 was the

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16 Dec

The week ahead – Old budget, new budget, same tale

President Muhammadu Buhari presented the 2017 budget proposal of ₦7.298 trillion to the National Assembly on December 14. The proposal, named, ‘Budget of Recovery and Growth,’ seeks to increase agriculture output and productivity, promote domestic manufacturing and ‘Made in Nigeria’ goods through intervention funds, eliminate costly cash calls for the NNPC and increase funding for infrastructure, especially roads, rail and power. The budget will also borrow

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