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

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

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)

30 Mar

The tragedy in Benue – Zaki Biam through the eyes of people there

Fifty. That is the minimum number of people residents say were killed in an attack on the evening of Monday, 20 March, 2017 by gunmen on the yam market in Zaki Biam, Benue State. Samuel Ortom, the governor of Benue State, has said that the number of dead is less than twenty.

At about 3 pm on that day, the gunmen, amongst whom was a woman, stormed the market in a pick-up truck, four Toyota Corolla vehicles and about twelve motorcycles, and began shooting at the hundreds................   read more

13 Mar

How much does your pot of jollof cost? The SBM Jollof Index

The SBM Jollof index is a composite index that tracks the prices of the main ingredients used to prepare a pot one of Nigeria’s primary delicacies – Jollof rice. This meal was chosen because it is a delicacy in every part of the country. We believe that this index gives a bird eye’s picture of national inflationary trends.

An SBM tally of these prices since the second half of 2016 has showed a quarter by quarter increase in the average national index– from................   read more