30 Nov

The deepening Pastoral Conflict

The pastoral conflict, which we have talked about in previous reports, is expanding, and deepening. Many communities, Fulani and non-Fulani alike, are beginning to take matters into their own hands. In the final analysis, this conflict is not just a discussion about ethnicity or religion, it is a conversation about the sanctity of economic institutions like property rights. Nigeria cannot build a proper economy if basic property rights can be so casually violated as................   read more

15 Nov

Analysis – IPOB’s lost chance

After some two years in detention by the Federal Government, the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, was released on stringent bail conditions by the Federal High Court in Abuja. Two of the bail conditions were that he was not to be seen in public gatherings of more than 10 people; and he was not to grant media interviews. However, as soon as Kanu got to his home in Umuahia, Abia state, he began to grant interviews to foreign and local media,................   read more

24 Oct

Nigeria’s property rights problem, the curious case of BVN

The Federal High Court in Abuja granted a request by Attorney General of the Federation, Abubakar Malami, for a temporary forfeiture of all funds held in Nigerian bank accounts not linked to a Bank Verification Number and whose ownership could not be absolutely identified, according to multiple news reports citing court documents. The Nigerian government also plans to seize funds held in bank accounts without sufficient know-your-customer (KYC) credentials. No estimates................   read more

12 Oct

Where roads are the enemy – A look at the state of Nigeria’s roads

One of the most obvious problems with living and doing business in Nigeria is the poor state of infrastructure in the country. Understandably, most Nigerians see power as the most pressing infrastructural need of the country. However, it can be argued that Nigeria’s most pressing infrastructural need is a robust transportation network – including functional rail, road, water and air systems. Of all these, our roads are arguably the most fundamental.

The poor state................   read more

26 Sep

The SBM Jollof Index – Finally, some stability

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, for a family of six. This meal was selected because it has the near unrivalled distinction of being a delicacy in every part of the country. This is the third Jollof Index and and we believe that it gives a bird eye’s picture of national inflationary trends.

Nigeria emerged from recession in Q2................   read more

19 Sep

What are the effects of the drama in Abia

Despite a court hearing scheduled for 17 October, the Nigerian Army, under the guise of a military exercise, went into Umuahia, the capital of Abia state in the country’s South-East, in an attempt to get at Nnamdi Kanu, the leader of separatist group, the Indigenous People of Biafra.

The operation, which was disguised as a military exercise, Python Dance II, in the main part succeeded in creating chaos.

Legal implications

The Army’s jumping of the gun in designating................   read more

05 Sep

Analysis: Now that the recession is over

Data released by the Nigerian Bureau of Statistics today shows that Nigeria’s economy is finally out of a recession. GDP growth for Q2 of 2017 grew by 0.55%, halting five quarters of negative growth. As expected, there have been mixed reactions to this. Some have celebrated what they consider a praiseworthy feat which indicates that the government has finally turned the corner on revamping the economy.

Others are however less excited by the developments, and there................   read more

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