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These 10 tips will help you survive the forthcoming recession

As the Nigerian economy goes through tough times due to the fall in oil price and the impact of Covid-19, citizens and businesses will feel the brunt; thus, individuals, businesses and families would need to adopt survival strategies and mechanisms to get through the difficult...

Understanding Nigeria’s N40 trillion Consumption Expenditure

In May 2020, the National Bureau Statistics (NBS) released 2019 Consumption Expenditure Pattern in Nigeria. According to the NBS, the purpose of this report is to portray household consumption expenditure types by food and nonfood items at the national, zonal level, and state level, and...

Five reasons why Nigeria’s next economic recession will be worse than ever

On Friday, February 28, 2020, Nigeria reported the first confirmed case of the Corona virus. Prior to this, Nigeria has been feeling the impact of the virus through declining crude oil prices in the international market. Oil price (Bonny light) declined from US$70 per barrel (pb) in January 2020 to US$50pb on February 28th, below the 2020 budget...

Three Scenarios for Nigeria going into 2050

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...

Covid-19, Crude Oil Price and their impacts on the Nigerian Economy

On the 28th of April 2020, I (Wilson Erumebor) was interviewed by Africa Business Radio and we discussed the effect of the crash in crude oil price and the outbreak of Covid-19 on the Nigerian Economy. Below is the transcript of the interview. Interviewer: This global pandemic has...

Wilson Erumebor’s Interview on Spark Magazine

Wilson Erumebor, The Economist With over a decade of experience working with organizations that focus on Economic and Social research, Industry research, Policy advocacy, Consulting and Credit ratings, Mr. Wilson Erumebor in his interview, was open to addressing some of our concerns on poverty and how...

Are younger Nigerians optimistic about the country’s future?

At the "Nigeria 2050 Forum" hosted by the Nigerian Economic Summit Group during the Social Media Week in February 2020, Wilson Erumebor shared insights on Nigeria’s rising population and its implication on different aspects of the economy.  Nigeria’s population is projected to rise to over 400...

Nigeria’s Closure of Land Borders; What Next?

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...

These six sectors are crucial for Nigeria to tackle unemployment

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...