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Nigerian Economy

ANALYSIS: Saving the Soul of the Naira

Beyond the cry for the salvation of the soul of man from the ongoing pandemic disease outbreak (COVID-19) is the need to save the soul of the Nigerian economy through the worth of her currency (naira). To this end, a proactive measure needs to be enacted with great caution and…

Paul Alaje

ANALYSIS: COVID-19: The vampire That Sucks Economic Vitality

The past few weeks have revealed that the turbulent effect of COVID-19 transcends, not only the mortality of humans but also the vitality of the economy. In other words, the perspective to which COVID-19 should be viewed is beyond the death of a human, but also the death of the…

President Muhammadu Buhari and Vice President Yemi Osinbajo

ANALYSIS: Nigeria and The Kiss Of Debt (2)

(This is the second part of the business analysis by economist Paul Alaje. Read the first part here). Crowding-out effect of debts on private investment In addition, a need to further examine the effect of government debt accumulation on private investment is vital given the prominent role investment plays in…

Selected Africa Countries Debt Profile. [PHOTO CREDIT: Source: IMF dataset, SPMProfessionals]

ANALYSIS: Nigeria and the Kiss of Debt (Part 1)

An average Nigerian confidently says, Nigeria is the giant of Africa! The saying is tied to the belief that, in the context of growth, sport and religion; Nigeria is the giant of Africa. On the contrary, an average statistics of 2012-19, among some selected high-debt African countries which include Angola,…