“The concern that we have is about the ECA, because if you recall that the ECA economically was set up to save resources when oil prices are high, and to be drawn on when oil prices are low. We do not think that the ECA has been doing effectively enough job that way".

The federal government has declared that the decision on the removal of subsidy on premium motor spirit (otherwise known as fuel) will be taken only when there are provision of alternative cushioning measures mutually agreed between stakeholders to protect the economically vulnerable members of the population. Finance Minister, Mrs Zainab Ahmed, at the press briefing… Continue reading FUEL SUBSIDY REMOVAL: FG UNDECIDED_ZAINAB AHMED

The Vice President of Ghana, Dr. Mahamudu Bawumia, believes African countries can make tremendous economic progress by taking advantage of technological innovations. Speaking at the Columbia University’s 16th African Economic Forum on Friday, 12th April, 2019 in New York, Dr. Bawumia said technology is the bulwark of industrialisation hence the continent must invest in it… Continue reading TECHNOLOGICAL INNOVATION IS KEY TO AFRICA’S DEVELOPMENT

There is no gain saying  the fact that Nigeria is Africa's largest oil producer, but still imports refined petrol.  The country, is reported to be producing about 2.4 million barrels of crude oil daily which is exported to be refined abroad; however due to years of corruption-fueled neglect the domestic refineries are inoperative. As a consequence, Nigeria imports 70% of its… Continue reading SUBSIDY REMOVAL: MORE QUESTIONS THAN ANSWERS_ EHIABHI FEMI