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

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................   read more

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................   read more