Africa's youth population is growing faster than anywhere else in the world. Yet behind falling unemployment figures lies a troubling reality: millions of young people are trapped in low-paying, informal jobs that offer little hope of escaping poverty. As another 132 million youths prepare to enter the labour market by 2030, experts warn that the …
Nigeria's economy remains on a gradual recovery path despite lingering structural weaknesses that continue to limit the impact of growth on businesses and households, the Centre for the Promotion of Private Enterprise (CPPE) has said. Reacting to the first quarter 2026 Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS), the …
The United States is ramping up efforts to expand digital connectivity in West Africa with plans to support the deployment of approximately 1,500 mobile communications base stations across Nigeria, Benin, Côte d’Ivoire and Ghana. The initiative, driven by the United States Trade and Development Agency (USTDA), is aimed at improving internet and mobile network access …
The Alliance for Economic Research and Ethics has criticised the Presidency's 'Nigeria's Energy Sector Reforms: A Three-Year Review (2023–2026)' report, describing the document as a political communication exercise that overstates progress while overlooking major challenges facing the country's energy sector. In a statement titled 'A House Built on Sand: The Illusion of Progress in Nigeria's …
Three years into President Bola Tinubu’s administration, Nigeria’s economy tells a story of sharp reforms, painful adjustments and an unfinished struggle to convert macroeconomic stability into broader prosperity. Since taking office in May 2023, Tinubu’s government has pursued two defining economic reforms — fuel subsidy removal and exchange rate unification — aimed at stabilising public …
Nigeria’s economy will grow by 3.93 per cent in the second quarter of 2026, CardinalStone Research has projected. The projection will be supported by stronger oil production and the resilience of the non-oil sector despite rising global geopolitical tensions. In its latest review of Nigeria’s Q1 2026 gross domestic product (GDP) report, the research firm …
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, says Nigeria’s next phase of economic reform should focus on industrialisation, power sector reforms, productivity growth and export competitiveness despite signs of economic recovery in the first quarter of 2026. In a policy brief he released on Thursday …
With less than 24 hours to Eid-el-Kabir, Abuja’s major livestock markets are gripped not by the usual festive rush, but by hesitation, anxiety and dwindling buying power as soaring ram prices force many families to scale back long-held Sallah traditions. Across major markets in Apo, Gudu and Kugbo, traders sit beside rows of unsold rams …
Nigeria’s economic growth slowed in the first quarter of 2026 as gross domestic product (GDP) growth fell to 3.89 per cent from 4.07 per cent recorded in the fourth quarter of 2025. This is according to data released Monday by the National Bureau of Statistics (NBS). The latest figure, however, was higher than the 3.13 …
Nigeria can still pull itself out of its growing debt crisis, but only if the government urgently increases revenue, stops borrowing for consumption and enforces strict fiscal discipline, the Alliance for Economic Research and Ethics LTD/GTE has said. The group stated this in a new policy brief titled “Debt Without Discipline: Nigeria’s Familiar Fiscal Trap …
