Nigeria’s debt burden

August 8, 2021 Abachi Silas Ungbo 0

History is replete with countries that plunged into crises on the strength of ever- rising spending and the crushing effect of accumulated debts.  For instance, Greece fell into deep economic morass due to its fiscal policies. It kept spending while borrowing continue to make a quick upward trajectory. Then, it began to creak under the weight of debts with serious consequences. Read More

Is crude oil under-developing Nigeria?

April 1, 2021 Saduwo Banyawa 0

Nigeria is blessed with crude oil which it heavily depends on. Nigeria’s crude oil accounts for over 95 per cent of the country’s revenue. Nigeria is ranked as the sixth largest oil producer in the world and it produces about 2 million barrels of oil per day. Nigeria is Africa’s largest oil producer and a member of the Organisation of Read More