Economy, Governance
Tinubu flew to Nairobi and told the world that Nigeria’s debt is eating it alive. The same week, his government moved to borrow another $1.25 billion. On Tuesday, at the Africa Forward Summit in Nairobi, President Tinubu delivered one of the sharper speeches of...
Economy, Governance
Nigeria’s government is planning to borrow N29.2 trillion this year. That figure keeps climbing. Here’s what the number isn’t saying. The Nigerian government published a budget of N68.32 trillion for 2026. Its projected revenue is N36.87 trillion....
Economy
N15.81 trillion. That’s Nigeria’s debt service bill for 2026. Before one hospital gets funded. Before one school gets built. Wednesday is for numbers. This week’s number is N15.81 trillion. That is the amount Nigeria has committed to paying in debt...
Economy, Energy
Aliko Dangote announced plans for a 20,000-megawatt power project last week. Nigeria’s government has been trying to reach 6,000 megawatts for years. It hasn’t managed it. Nigeria runs on 3,331 megawatts. That’s what the national grid reliably...
Economy, Governance
Nigeria signed a new minimum wage into law less than two years ago. The unions that negotiated it are now saying it needs to be replaced. This is how Nigerian reform works. The ₦70,000 minimum wage came into force in July 2024. At the time, it felt like a win. The NLC...
Economy
Nigeria’s 2026 budget assumes revenue the government has never actually collected. The gap between what is projected and what arrives is the reason promised things keep arriving late. Nigeria’s 2026 budget projects N34.33 trillion in revenue against N58.18...