Articles by Chinwe Egwim
5 Jun 2017
The success of the FGN’s expansionary fiscal agenda rests on its ability to release funds for capital programmes. Last year the (gross) federally collected revenue stood at N5.7trn, equivalent to 8.3% of total GDP in 2016. This was driven primarily by non-oil revenue collection.
8 May 2017
Nigeria is currently ranked 169 out of 190 in the ease of doing business index by the World Bank. There are eight focus areas within the plan; ‘starting a business’ features at the top.
3 Apr 2017
The federal ministry of water resources has released its medium to long term strategies in the form of a roadmap. This is a good step forward given that over the past several years, Nigeria’s hydro sector has been neglected.
13 Mar 2017
Besides cost-cutting, diversification of revenue sources should be at the front burner of any struggling economy. The lingering macro challenges caused by the current global oil price regime should stimulate economic activity.....
6 Feb 2017
On the basis of the most recent data available, Nigeria’s total public debt level appeared normal in 2015. The sum of both domestic and external debt of the federal government......
9 Jan 2017
Nigeria’s exit from recession depends heavily on its expansionary fiscal stance. The headline figure in the proposed budget for 2017 is total FGN spending of N7.30trn compared with N6.06trn in the 2016 budget.
26 Dec 2016
Steady power supplies are a basic necessity for growth and development in any economy. A study carried out about three years ago showed that if “full power” is attained and made routinely available to businesses and households, it could add two percentage points to annual GDP growth.
14 Nov 2016
Given the swings in the Federation Account Allocation Committee (FAAC) pay-outs over the past few months, the need for states to bolster their internally generated revenue (IGR) cannot be overemphasised.
4 Oct 2016
Formal education remains a key tool for national development. In Nigeria, the sector faces many challenges and is plagued by fundamental issues which stem from basic education level ...
5 Sep 2016
The lingering macro challenges in Nigeria have taken their toll on consumer discretionary spending. Nigeria is an import dependent country and as such has been bruised by the fx sourcing challenges.
1 Aug 2016
After a prolonged tug of war between the Senate and the Presidency, Nigeria’s N6trn budget for this year was signed into law in May. The budget shows retained revenue projected at N3.86trn, resulting in an assumed deficit of N2.2trn.
4 Jul 2016
Ideally Nigeria should be close to self sufficiency with its food requirements. A few decades ago the country was the leading producer of a number of agric-related products such as palm oil, rubber, cocoa, sorghum, millet and the list goes on.