Published by Promoting Economic Pluralism
One warm morning in May, Akinyemi Omotayo, 26, strolled into a market in a low-income neighborhood of Lagos, approached two women selling red peppers, and bought their entire stock. Even …
Nigeria’s economic crisis is fueling a stunt philanthropy boom Read More
The streets of Lagos, Nigeria’s largest city, are packed with angry demonstrators calling to “end hardship now!” amid the West African country’s worst economic crisis in more than two decades. The protests kicked off …
Many Nigerians struggle to afford food amid record inflation Read More
Lagos, Nigeria – When Yusuf Mogaji joined Nigeria’s federal civil service as a non-teaching staff member at the University of Ilorin in 2015, he had dreams of building his own house. …
Nigerian workers’ wages diminish as inflation rises and gov’t revenue dips Read More
In July, when Nigerian agritech startup Winich Farms shared its quarterly financial report with stakeholders, it reported all the figures twice. One version used the old official currency rate of …
Nigeria’s currency devaluation is a disaster for startups Read More
Lagos, Nigeria – Last Friday Nigeria’s new President Bola Tinubu suspended the country’s Central Bank Governor Godwin Emefiele. On Saturday, Nigeria’s secret police confirmed the erstwhile top banker has been arrested …
How Emefiele, Nigeria’s powerful central bank chief lost his seat Read More
Ilorin, Nigeria – On Monday, as Nigeria’s president-elect Bola Tinbu is sworn into office, Olusegun Badmus will be one of several million people watching. But for the 57-year-old bus driver …
Nigerians look to president-elect Tinubu for economic turnaround Read More
As inflation rises above 20%, middle-class Nigerians are forming WhatsApp groups to buy food items in bulk directly from producers and share among themselves. For Cecelia Anahobi, a single mother …
How Nigerians are using WhatsApp groups to fight food inflation Read More
In 2015, when he was elected president of Nigeria, Muhammadu Buhari made history in more than one sense. It was the first time an opposition candidate assumed the helm peacefully. And …
President Muhammadu Buhari’s questionable legacy Read More
Kaduna, a state in northwestern Nigeria, has selected China’s Ming Xin Mineral Separation Nig Ltd. (MXMS) to build the country’s first lithium-processing plant, with a plan to manufacture batteries for …
China beats Tesla to Nigeria’s lithium riches Read More
Surging inflation is undermining the recovery of Africa’s biggest economy, pushing 7 million Nigerians into poverty and encouraging criminality as rising prices deplete already meager incomes, according to the World …
Surging inflation in Nigeria fuels crime wave – World Bank Read More