Economic Diversification: FG’s Tract in Developing The Railway

President Muhammadu Buhari on Thursday, June 10 2021 launched the Lagos-Ibadan railway project’s commercial operations at the Mobolaji Johnson Railway Station in Ebute Metta, Lagos, The President hailed the achievement as “another landmark in this administration’s drive to revitalize the railway system and establish it as a preferred mode of transportation for both passengers and…

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Buhari’s First Half Economic Report: How FG Can Finish Strong

The first half of President Buhari’s second term ended last week 29 May 2021. Government officials and economic analysts have been using various platforms to evaluate the country’s economic performance while proffering solutions on ways the economy can make better progress. It is remarkable to note that despite the threatening impact of COVID-19 and other…

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Shell’s Exit: Taking on Diversification from Oil With Renewed Urgency

Recently, Nigeria’s number one multinational oil giant, Shell revealed its intention to withdraw from Nigeria’s onshore oil sector. Analysts believe this can compound the economic challenges of Nigeria’s mono-product economy. Making this known Shell’s CEO, Van Beurden, said his organisation was in talks with the Nigerian government to work out how to drop its onshore…

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Economic Diversification: Considering the Marijuana Option

The legalisation of industrial hemp and medical cannabis for economic and medical benefits is gradually coming close to reality in Nigeria. Recently, the Chairman, House of Representatives Committee on Media and Public Affairs, Hon. Benjamin Okezie Kalu stated in a press conference in Akure, Ondo State that the House of Representatives is set to legalise…

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Diaspora Remittances: Taking Full Advantage of the Cash Flow

In February 2021, the Central Bank of Nigeria reported a huge drop in the country’s diaspora remittances. The figure was $13.65bn lower when compared to the 2019 remittances of $5.72billion which, in turn, was lower than the 2018 remittances figure of $11.23 billion. Ripples and Metrics examined the International Payments Data and observed that Diaspora…

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Kaduna Labour Crisis: Can State Governments Survive the Burden of Workers’ Wages?

The Nigeria Labour Congress (NLC) on 16 May 2021 plunged Kaduna State into total darkness as workers protest the current hardliner posture of the state government on labour issues. Schools, banks, and other critical institutions in the state were directed to shut down. Air and rail transport services were also suspended. Over 15 different unions…

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Hadiza Usman: NPA and Transport Ministry Lock Horns as Judgment Looms

 When President Muhammadu Buhari appointed Hadiza Bala Usman as the first ever female Managing Director of the Nigerian Ports Authority (NPA) in July 2016, many Nigerians received the news with mixed feelings. Prior to her appointment, she was the Chief of Staff to the Kaduna State Governor, Nasir el-Rufai, helping to spearhead reforms in a…

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