The Looming Crisis: Government Spending and Debt in Nigeria and Africa
Across Nigeria and much of Africa, trouble is brewing. Governments are spending too much and borrowing heavily to keep up, piling up debt that threatens to crash their economies. This…
Wages, Unemployment and Inflation.
In a market economy, consumers have the power. They dictate what businesses produce and at what price. Businesses must meet consumer demands and sell at affordable prices to succeed. If…
Does Increasing the Money Supply also Increase Economic Growth?
Many economic commentators believe increasing the quantity of money can revive an economy. This is based on the view that with more money in their pockets, people will spend more…
Nigeria’s Inflation Rate Climbs to 33.69% in April Amidst Rising Food Costs
In the face of escalating food prices, Nigeria grapples with a surging inflation rate, which has soared to 33.69% in April 2024, according to the latest figures released by the…
Understanding Money, Banking, and Inflation in Nigeria (Part 2)
Please read the first part of this article where we answer the following questions: what is money and why is it necessary? The Central bank and the supply of money…
Understanding Money, Banking, and Inflation in Nigeria (Part 1)
In April 2021 the governor of Edo state, Godwin Obaseki, said that the Federal government printed an additional NGN 60 billion to be shared at the Federation Account Allocation Committee…