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

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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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06 Dec

The resurgence of Boko Haram

The Boko Haram insurgency entered its seventh year at the beginning of 2016, and a number of important factors have had a substantial effect on developments on this front. In May 2015, Muhammadu Buhari was sworn in as President of Nigeria on an electoral platform that included taking a tougher stance on security issues. Before the elections, a troop surge belatedly approved by the Goodluck Jonathan administration led to marked improvements on the ground in Nigeria’s

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19 Oct

Nigeria is playing with fire, again

In a report published in August, it was shown that the Nigerian Army is overstretched in its involvement in internal security operations. As of the time of the report, troops were actively involved in 30 of the 36 states.

When this is situated within the context of the latent threat of a Boko Haram resurgence; the escalating situation in the Middle Belt; the continuing militant activity in the Niger Delta; the IPOB/Biafra movements which though not in open conflict

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04 Oct

The SBM homemaker’s guide #4 – We are being squeezed tighter

Consumer prices followed their turn-of-the-year increases which was reflected in the last SBM Intelligence report with a continued surge in the new survey period, which covered the months of June to August 2016, fuelled in large part by the following factors:

  • the increase in pump price of petrol from ₦87/Litre to ₦145/Litre, driving transportation costs up
  • the Central Bank of Nigeria abandoning a 16-month currency peg and authorising a managed float of the naira on June 20.

The upward march in consumer prices, which has continued almost unabated since 3Q 2015, has put a lot of pressure on Nigerians already grappling with other negative social factors as delayed (and in some cases

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09 Sep

Nigeria at the Olympics – Where do we go from here?

Where do Nigeria’s problems lie?

There is no argument that sports administration and lack of funding are two of Nigeria’s biggest impediments to sports development. However, the problems are more than these.

Nigeria prefers to spend money on sports like football which is a crowd pleaser compared to the top nations which prefer to focus available funds on those sports that offer lots of medals. Team sports like football, hockey and basketball are expensive because

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30 Aug

Refugees in crisis – A look into the state of IDP camps

Globally, only eight countries host a higher number of displaced persons than Nigeria. The five-year Boko Haram insurgency has led to the creation of the worst humanitarian crisis to occur within Nigeria’s borders since the civil war. According to a 2015 report by the Internal Displaced Monitoring Centre and the Norwegian Refugee Council, Nigeria has 2,152,000 million persons displaced by the Boko Haram insurgency. The UN says 4.5 million people need food aid across

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23 Aug

Cashew, as an example of Nigeria’s unrealised potential in agriculture

For years Nigeria has been a classic case study for the resource curse. Despite being blessed with some of the world’s most arable land, the country has gone from being self-sufficient, to import dependent – food wise.

Following a lengthy period of economic growth, Nigeria has slipped into a recession on the back of low oil prices and production challenges. Once again, Nigerians are realising that agriculture is a sure path to future sustained prosperity.

Cashew

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03 Aug

How can we salvage Nigeria’s deteriorating security situation?

The primary function of the Nigerian military as per the constitution of the country as well as global best practice is to protect the territorial integrity of Nigeria and protect the country from foreign threats. In carrying out this mandate, the Nigerian military has done exceptionally well. Nigeria’s territory since independence has not been lost by military action of a foreign or domestic aggressor. In the recent case where Boko Haram claimed parts of Nigerian

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11 Jul

Distribution of President Buhari’s appointments since May 2015

The Buhari administration has come under intense scrutiny recently over the concentration of appointments in one region. SBM Intelligence has curated the appointments since May 2015 to separate the facts from the assumptions.

Editor’s note: An earlier version of this infographic stated that the number of appointments made by President Muhammadu Buhari since coming into office was 121. This figure is inaccurate

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