By the year 2050, Nigeria’s population will more than double its current size to reach 402 million, making Nigeria the third most populous country in the world. Also, in 2050, 67% will be below 35 years and about 62% will fall in the working age group. This growing population will create...
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In August 2019, the Nigerian government announced the partial closure of land borders in the country. The move was accentuated into a full closure in October with the government citing smuggling and lack of adherence to ECOWAS treaty by neighbouring countries as reasons. A month later the Nigerian government engaged...
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Nigeria has a major unemployment challenge as unemployment rate rose steeply from 3.6% in 2006 to 23.1% in 2018. Nigeria's population is expanding at 3.2% per annum. Data from the NBS show that an average of 4.8 million Nigerians entered into the labour market from 2015 to 2018, while the...
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When prices increase faster than income, the purchasing power of individuals becomes eroded. This has been the case of Nigeria for several decades. The Consumer Price Index (CPI), which is simply an accumulation of prices has shown an astronomical increase over the years. Between January 2009 and August 2019, the...
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GDP per capita is a major indicator used in measuring progress of a country overtime. No doubt, Nigeria has experienced remarkable growth in GDP per capita over the years but how does this growth compare with that of Brazil, China and Indonesia? Here, we explore GDP per capita of the...
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Have you ever wondered why despite achieving a high GDP growth in the 2000s, Nigeria still experienced increase in unemployment and poverty? From 2000 to 2012, Nigeria experienced high GDP growth rate which averaged 7.2%. However, during the same period, poverty and unemployment rate increased. One major reason is the pattern...
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Wilson speaks about the N30,000 minimum wage https://www.youtube.com/watch?v=9OT9Z0pLwtI&t=158s ...
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I had a discussion on issues around Inclusive Growth and macroeconomic trends in Nigeria https://youtu.be/dpKKyakHn4Q ...
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