27 Mar

The SBM Jollof Index – Prices are slowly getting friendlier

In July 2016, SBM Intelligence began to track the price movements of the ingredients Nigerians use to make a pot of nationally celebrated Nigerian Jollof Rice for the average Nigerian family which according to the National Bureau of Statistics, was six people. This meal was chosen because it is a delicacy in every part of the country.

The survey initially covered nine markets in four geopolitical zones. From June 2017, we included two markets in the South South as well,................   read more

19 Feb

Crise le long de la frontière entre le Nigeria et le Cameroun

On Saturday, 17 February, 2018, the AFP news service ran a report that separatist groups in Nigeria’s neighbour, the Republic of Cameroon, had declared war in their push for an independent country. This declaration, not by the official separatist group, is the result of growing frustration with what people in the region see as Yaounde’s attempts to wipe out their identity.

Until a few years ago, Cameroon seemed like an oasis of calm in a region buffeted................   read more

10 Jan

The Pastoral Conflict takes a deadlier turn

Hassana Abdullahu was three days old. She was killed at Shefaran village, Numan Local Government Area, Adamawa State on Tuesday, 21 November, 2017.

Shikaan Junior Kende was a year old. He was killed, alongside his father, Shikaan Senior, in Saghev, Guma Local Government Area, Benue State, on Tuesday, 2 January, 2018.

Hassana never knew that her ethnicity was Fulani. Shikaan Junior never knew that his ethnicity was Tiv. Neither had ever heard of Nigeria, but their parents................   read more

15 Dec

The year ahead – What can Nigeria expect in 2018?

2017 offered a ray of hope for Nigeria as the country exited a recession. However, the feeling remains that Nigeria failed to make good use of the opportunity presented by the economic recession. Our economy remains non-diversified and heavily reliant on oil To all intents, Nigeria has wasted the crisis.

In 2017, the Buhari Administration had a chance, with its second full year budget, to effect a change the budgeting process, and break a cycle which has kept the economy................   read more

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

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

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