Poor budget implementation remains one of Nigeria’s most pressing challenges, stalling development and exacerbating economic hardship. According to Prince Igho Sadjere, a seasoned banker and fellow of the institute of Chartered economists Nigeria, the failure to execute national budgets effectively is a significant factor contributing to inflation, poverty, and underdevelopment in the country. Citing recent…

In the last few months, there have been talks about rebasing the two important economic indicators, the Gross Domestic Product (GDP) and the Consumer Price Index (CPI). While the GDP calculates the value of all goods and services in the economy within a year, the CPI calculates the average change in prices over time that…

The recent tragedies at charity gatherings in the country, have in a very stark way exposed the nation’s dire economic crisis. Desperation has caused many families to risk their lives for basic necessities, transforming charity events that were expected to court public goodwill  into deadly stampede scenes. A Christmas to remember for all the wrong…

Inflation in Nigeria is reaching its peak now and will decelerate toward the middle of the year, Director-General of the Budget Office of the Federation, Ben Akabueze, has said.