A Troubling Revenue Reality NIGERIA’S public finance system is under renewed scrutiny following revelations that deductions from the Federation Account Allocation Committee (FAAC) consumed a staggering 41 per cent of the country’s ₦84 trillion revenue over the past three years. The figures paint a troubling picture: while revenue inflows appear to be rising, a significant […]
Reserves Outlook Signals Emerging Pressure NIGERIA’S external reserves are projected to decline to $47 billion by the end of 2026, according to global rating agency Fitch Ratings, despite ongoing economic reforms aimed at stabilising the country’s foreign exchange market. The projection comes at a time when Nigeria has recorded notable improvements in its reserves position, […]
A Long-Running Dispute Reignited FOR decades, the dispute over offshore oil wells between Cross River State and Akwa Ibom State has remained one of Nigeria’s most contentious resource control battles. Rooted in boundary interpretations following the cession of the Bakassi Peninsula, the conflict has had far-reaching economic and political implications. At the heart of the […]
THE POLITICS OF A BIGGER BUDGET NIGERIA’S 2026 budget is not just an economic document—it is a political statement. At ₦68.3 trillion, it signals an administration determined to project confidence, expand public spending, and accelerate development. But critics argue that behind this ambition lies a fragile fiscal foundation. The increase of nearly ₦10 trillion from […]
A REGION BETTER PREPARED, BUT STILL VULNERABLE AFRICA and the Middle East are entering a new phase of global instability defined by overlapping energy shocks, geopolitical tensions, and climate-linked economic pressures. A recent analytical assessment argues that while many African economies are now better prepared than in previous global crises, they remain fundamentally exposed to […]
By UBONGABASI LINUS A Coastal Economy Reawakens FOR years, the Oron waterfront in Akwa Ibom State stood as a shadow of its former economic vibrancy. Once a hub of maritime trade and local commerce, the area had gradually declined, leaving behind unrealised potential. Today, that narrative is shifting with the ongoing reconstruction of the Oron Marine […]
Power Without a Face THERE is a growing instinct in modern politics to search for a single centre of power—a hidden boardroom where decisions are made, strings are pulled, and nations are quietly directed. It is an appealing idea. Simple. Clean. Understandable. And entirely misleading. Because power in the […]
Traditional Authority Meets Private Capital THE Asagba of Asaba, Epiphany Azinge, has thrown his weight behind the expanding investments of Nigerian entrepreneur Obinna Iyiegbu, popularly known as Obi Cubana, describing them as transformative for the Delta State capital. The endorsement came during a courtesy visit by the businessman and his delegation to the Asagba Palace […]
Clarification Amid Growing Public Debate NIGERIA’S tax reform discourse has taken a new turn as the Presidential Committee on Fiscal Policy and Tax Reforms moved to clarify reports suggesting that it admitted to errors in recently introduced tax laws. The committee, chaired by Taiwo Oyedele, firmly rejected the interpretation, stating that its earlier comments had […]
Infrastructure as an Engine of Economic Growth RECENT road development initiatives in Akwa Ibom State are increasingly being positioned as a strategic driver of Nigeria’s broader economic connectivity. Stakeholders argue that sustained investment in road infrastructure within the state is not only improving local mobility but also strengthening regional trade networks across southern Nigeria. With […]