22 Aug

Analysis: Scrutinising the Boko Haram resurgence

Over the last few months, there has been a rise in attacks by the Boko Haram terrorist group in the North East. More worrying is that in some cases, these attacks have been successful, with Boko Haram overwhelming security forces and taking captives in the process. Many of these attacks are suicide attacks targeted at Maiduguri with the University of Maiduguri coming under a serious and concerted threat perhaps for the first time. This has led the authorities to dig................   read more

02 Aug

Analysing the proposed amendments to the 1999 Constitution

The growing calls for restructuring in Nigeria, recent events, and the reactions they have spawned, have shown the Nigerian Constitution as an increasingly unworkable document. As a result, the National Assembly has commenced the process to amend the Constitution, and on Wednesday 26 July, and Thursday 27 July, the Senate and the House of Representatives voted on some of the proposed changes.

Thirty-three laws in the Constitution came up for review, and both houses................   read more

27 Jul

The effect of the Badoo cult on Ikorodu’s economy

57% of respondents in a recent SBM survey in Ikorodu have said that they will leave Ikorodu if the Badoo gang violence persists.

On another hand, for more  than 60% of respondents to our survey, living costs have gone up since the violence escalated.

Over the last half decade, there has been a rise in gang violence in Lagos, Nigeria’s economic and commercial capital. While many Lagosians have suffered loss of life, health or property few were direct targets................   read more

06 Jul

What is happening in the North East?

The last Ei-del-Fitr celebrations passed on peacefully for most of the day across North-East Nigeria, with an enforced restriction on movement for vehicles and even animals until noon in Maiduguri, capital of Borno, and birthplace of Boko Haram. Residents, especially young children and young women went about dressed colourfully celebrating the end of the holy month of Ramadan.

However, at around 10:30pm on the night of Sunday June 25, the first of multiple explosions................   read more

21 Jun

The SBM Jollof Index – Q2 2017: Food prices still rising, but not as fast as before

The SBM Jollof index is a composite index that tracks the prices of the main ingredients used to prepare a pot of one of Nigeria’s primary delicacies – Jollof rice. This meal was chosen because it has the unique distinction of being a delicacy in every part of the country and thus, an index based on Jollof rice provides a bird’s eye picture of national inflationary trends. SBM tracks this index for the average family size of Nigeria put at 5 individuals in 2015.

In................   read more

26 May

Two years in, how has the Buhari government fared?

On May 29, 2017, the Buhari administration will have spent two years in charge of Nigeria, reaching the halfway mark in running with the mandate Nigerians collectively handed to them in the 2015 General Elections. Just as importantly, President Buhari’s party, the All Progressives Congress, would have spent two years with the majority of seats in the two chambers of Nigeria’s National Assembly, apart from being the ruling party in 24 of Nigeria’s 36 States.

In................   read more

25 May

The prospects of Biafra 2.0

The FG’s handling of Kanu’s case and its general management of the pro-Biafra movement in the South-East have proven to be strategic blunders which ended up raising the profile of both the man and his cause. Just two years ago, Nnamdi Kanu was unknown to most Nigerians. Even within South East Nigeria, some saw him as an abrasive presence on the airwaves because of his incessant spewing inciting vitriol against Nigeria and other enemies of “Biafra” on the pirate................   read more

23 May

Analysis – Q1 GDP shows path to growth

This morning, the National Bureau of statistics (NBS) released its first quarterly report for 2017. The report revealed that Nigeria is still in a recession with Q1 2017’s growth rate of -0.52%, officially representing the fifth consecutive quarter of contraction for Africa’s largest economy. This was worse than SBM’s projection that Nigeria would be out of recession by the end of Q1. Nominal GDP (values not adjusted for inflation) for the quarter stood at ₦26.028................   read more

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

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)