Co-creating prosperity in Africa

Achieving prosperity is assuredly faster when stakeholders collectively work on it. Unarguably individuals create communally enjoyed benefits while pursuing their selfish economic interests. Nevertheless, that argument without appropriate qualifications may oversimplify the reality of prosperity creation. The relative impact of individual actions cannot effectively supplant the highly impactful...

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Handholding Africa to sustainable prosperity

Regardless of the challenges, most African countries are making substantial progress in virtually all indicators of prosperity. Seychelles, a tiny island in the Indian Ocean, has been an excellent example with its very high human development index of 0.801. It is nevertheless the only African country among the sixty-two countries that are in that index category based on the 2018 data. However,...

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Naira’s devaluation journey

The tragedy of the Naira is that it has a single source of strength and many pulldowns. Its energy hails from the foreign exchange earnings from crude oil exports. 95% of the foreign exchange that enables us to make purchases overseas relatively conveniently are from this source alone. Other sources of foreign exchange such as diaspora remittances and earnings from petroleum gases, agricultural...

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Of government prioritisation of Dangote Refinery

Although we have four petroleum refining facilities and issued licences for the construction of additional twenty-five, we import refined petroleum products like every other non-oil-producing country in the world. In 2018, the federal government spent N2.9 trillion on the importation of petrol only. It was a 50% increase over the 2017 petroleum import spending of about N1.97 trillion. In any...

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Now that Nigeria’s economic diversification is hot on the table

Although shaken by the tempest of the sinking oil prices, we still possess vastly untapped natural re-sources. That abundant natural heritage reassures the confidence we have that we can navigate out of the morass of depleting oil prices. Our favourable climate and fertile land support plentiful agri-cultural harvests as well as animal grazing. The northern Savannah, cultivate sorghum, millet,...

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Executing with impact

There is never a cartel on new ideas. Millions of people are possibly thinking about the same thing at every point in time. Usually, it is the first person to debut with substantive execution of an idea that claims the right to its ownership. Thoughts are only useful and make sense when implemented to yield a positive impact. Nurturing an excellent idea in a person’s mind for many centuries...

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