NNPC: The Pendulum Swings Again
First a bit of brief history. Oil was discovered in Nigeria in 1908 but actual production in commercial quantities only started in 1957. In 1959 the federal government (more like[…]
Author: Nonso Obikili
Thoughts on MTEF. 3 of Many: What happens if revenue projections fail?
As we already know the MTEF is based on some serious spending plans, above N6tn each year for the next 3 years. This spending is in part going to be[…]
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Thoughts on MTEF. 2 of Many: Debt Issues and the folly of the debt to GDP ratio
I understand the rationale of the FGs plan to spend its way out of a downturn. Conventional policy suggests you spend during downturns and save during boom times. And by[…]
Thoughts on MTEF. 1 of Many: Debt Issue
The new government has released it medium term expenditure framework, outlining its spending plans over the next three budget cycles. I have many thoughts but won’t talk about them all.[…]
Reforming the Tax Code – Nonso Obikili
Anyone who follows current affairs in Nigeria knows the gist. Federal government revenue is mostly sourced from crude oil sales. Crude oil price crashes. Federal government promises to reform its[…]
Deconstructing Nigeria’s Automotive Policy
There has been a lot of discussion on Nigeria’s auto policy and the success (or failure) of it. The whole debate has been spurred by the recent announcements by Nissan,[…]
A story about Emeka and GDP rebasing
I have a friend called Emeka. Emeka loves to run. Every morning Emeka runs from Obalende bus stop to Eko bridge and back. Of course the point of running for[…]
Wage rigidity and the Super Eagles
It is a classic idea in economics. Wage rigidity. Wages go up very easily. Reducing wages though is always very tough as the NFF has had to find out the[…]
Economic Literacy · Economy · History
Precolonial Experiences and Economic Development of Ethnic Groups in Colonial Africa
I recently completed my dissertation and thought to share the highlights of it. If anyone is interested in reading the full dissertation please send me an email at nobikil1 [at][…]
Are things worse than we think?
I spent the weekend working on an alternative measure of economic activity for Nigeria. Something different from the regular run of the mill GDP. One new option is to measure[…]