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Driving sustainable growth in Nigeria’s agricultural sector

Nigeria’s over-dependence on oil and its ability to stoke it into a fully-fledged industry over the past half-century clearly stemmed from its abundance. The potential of the agricultural industry is no longer in question – it contributes about 21 Percept to Gross Domestic Product (GDP) yearly. Yet, as we strive to make agriculture ‘the new […]

Oil market volatility boxes Nigeria into a corner

Crude oil prices have fallen significantly since the beginning of 2020, largely driven by the economic contraction caused by the 2019 novel coronavirus disease (COVID-19) and a sudden increase in crude oil supply following the suspension of agreed production cuts among the Organization of the Petroleum Exporting Countries (OPEC) and partner countries. With falling demand […]

THE ENTIRE PLANET IS IN DISPUTE WITH AN UNSEEN ENEMY

The Gist with DRC   Now that humanity is facing the COVID 19 crisis, we are all on the same side! Adapting the lyrics of WE ARE THE WORLD (FOR HAITI) released in 2010. Our message for you our beloved readers on Gist today is: There comes a time When we heed a certain call […]

Covid-19: National broadcast by President Muhammadu Buhari

ADDRESS BY H.E. MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE COVID- 19 PANDEMIC SUNDAY 29TH MARCH, 2020 1. Fellow Nigerians, 2. From the first signs that Coronavirus, or COVID-19 was turning into an epidemic and was officially declared a world-wide emergency, the Federal Government started planning preventive, containment and curative measures […]

Covid-19: The Dirge for Crème de la Crème

By Olawale Rasheed   The belligerent spirit wrecking havoc worldwide without obeisance to power and riches is clearly vengeful and unrelenting. Across the four corners of the world, you strike the untouchables, the rulers of the world, the earthly powers for long repressing the weak. The spirit of affliction dares the mighty, crippling all arsenals […]

COVID-19: The recession is here (1)

The world today is run on knowledge derived from human capital development. With massive knowledge at the disposal of man today, COVID-19 will soon be defeated, even faster than envisaged. However, the economic woes it will leave behind will take more time to rectify. It is clear that the world economy is in the throe […]

Nigeria: Managing the Economy Out of This New Crisis

The covid-19 pandemic has altered much of the conversation about economies, worldwide. Out go all of the estimates, by year-end 2019, of the possible trajectory of the global economy and its constituent parts, including all of the enthusiasm that accompanied the signing by the U.S. and China of the first phase of their new trade […]

Covid-19: Telcos Move to Ensure Hitch-free Telecoms Services

Worried about the possible economic lockdown in Nigeria, in an attempt to curtail the spread of the deadly Coronavirus (Covid-19), telecoms operators under the aegis of Association of Licensed Telecoms Operators of Nigeria (ALTON), at the weekend, rose from an emergency meeting, where it took far-reaching decisions and made strong recommendations on how best to […]

Nigeria: Now Is Time to End Subsidy, Withdraw From OPEC – Kunle

Dan Kunle, who is a global energy business expert and one-time adviser to the Nigerian government, in this interview says a full deregulation of the country’s downstream petroleum sector will be the most logical economic decision for the country to take now. He equally argues that staying in the Organisation of Petroleum Exporting Countries (OPEC) […]

Covid-19: What Nigeria must do NOW

By Dr. Femi Ogunyemi   I published an article in the Vanguard newspaper in 2015 (google “the next ebola Ogunyemi va nguard”) Many have asked in the last few days, “What should Nigeria do …NOW……In the next hours…today…this week..…March 23rd 2020….?” Today as I write this at 4pm, Nigeria has recorded its first covid-19 mortality. […]

COVID-19 And Economic Diversification

He came into office in 2014 when commodity prices globally collapsed. International prices of crude oil, Nigeria’s economic mainstay, crashed to $27per barrel. Other global exogenous factors had exposed how weak the economy was. The Gross Domestic Product (GDP) had declined and unemployment rate flying at the speed of a rocket, sliding the economy into […]

Growing Non-Oil Exports in Nigeria

Nigeria has been a mono-economy for many years, relying solely on crude oil as her major source of revenue. Before now, agriculture and mining were the primary drivers of Nigeria’s economy, but these have been abandoned since the 70’s as a result of the discovery of oil. The resultant effect has been a decline in […]

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