I came across this story in the press yesterday, “Nigeria to supply Walmart with $6 billion worth of cashew nuts”. Of course I was a little bit shocked so I did some small research and here is what I found. In 2016 the worlds largest processed cashew nuts exporter, Vietnam, exported somewhere around $2.7bn worth… Continue reading Nigeria cashew nuts exports: the typo edition.
In my guardian column today I talk about the statistic no one seems to want to talk about. Especially important since we seem to be putting many of our chips on the agriculture table. Link below. The unfortunate statistic on agriculture and development
Is the increased rice production enough to say that the import substitution policy is working? My article in the guardian today. http://guardian.ng/business-services/import-substitution-the-other-side-of-the-rice-coin/?F
So just to recap, we have the raw materials, the skills, and the market, and if we stopped importing fuel our foreign exchange crisis might be over. If the central bank really believed that banning products from the official markets really led to local production of that product, then why isn’t fuel on the… Continue reading Naira struggles: The missing 42nd item
In 1978, due to strains on government finances and external reserves, the government resorted to international debt markets to finance itself. Between 1978 and 1982, a couple of “jumbo loans” were negotiated with international financiers. The logic seemed sound at the time. Establishment of a steel industry here. Industrial expansion there. And so on. In… Continue reading The $30bn loan: The logic of elected officials and why the National Assembly must act
In case you missed it, my colleagues and I published a six-part series of articles last week on the current Naira struggles and how to get to grips with what is happening. Articles linked below. Part 1: Myths About Naira Devaluation, By Nonso Obikili Part 2: President Buhari, We Are Killing Jobs Not the Naira,… Continue reading Naira Struggles Extra – In case you missed it
Old PDP: Hey your building is cool. You have all the documentation intact. No need to worry Years later…. New PDP: Wait, why are you trying to destroy my building? I have all the documentation. You told me it was cool. I am going to court. Old PDP: Well who told you to join the… Continue reading The Wonders of Politics.