Public finance, taxation, debt, development, and the economic choices that shape public life in Africa and beyond.
The narrative we must embrace is simple, clear, and unyielding: the final victory, cemented by the UK Supreme Court’s ruling, belongs squarely to the EFCC, led by the determined Magu, and ably supported by dedicated officers like Sanga, Babangida, Abba…
It is right, and just, to fight for workers’ rights. But the legitimacy of that fight is inextricably linked to the integrity of those who are fighting. Nigerians are looking at the fighters and seeing their past.
In a quietly assertive move, the Government of Kenya issued a directive on June 5, 2025, mandating all principal secretaries, heads of state corporations, and procuring entities to transition fully to an electronic procurement (e-GP) system by June 10.
It should be stated that while anti-corruption efforts should focus on entrenching preventive mechanism, Nigeria’s asset recovery efforts hold immense potential if recovered loot are properly channeled.
Tax reform in Nigeria is no longer just overdue—it has become an urgent necessity. With persistent fiscal deficits, a narrow tax base, and growing economic pressures, the government’s proposed Tax Reform Bill aims to modernize the tax system, increase revenue, and stimulate economic growth.
So far in the year, states have received N379.41 billion, N366.950 billion, N398.689 billion and N403 billion as statutory allocations from FAAC for January, February, March and April respectively, amounting to a total of N1.548 trillion disbursement to…
It is widely speculated in informed circles that all the people who were involved in the heist are known but nothing has been done to bring them to account for their active participation in the organised crime.
In principle, subsidy is not bad as some have been made to believe. It’s a requisite for economic growth and development.
With a debt profile of N77 trillion, Nigeria is the sixth largest recipient of Chinese loans in the continent.
Verse on the refineries that were never repaired, the maintenance funds that were never spent as intended, and the subsidy that was never what it seemed.
A 2022 analysis of figures from the Revenue Mobilization and Fiscal Allocation Commission (RMFAC) by a Punch newspaper report puts the severance package for President Muhammadu Buhari, Vice President Yemi Osinbajo, state governors and other political appointees leaving office this month at N63.45bn.
If they diligently distribute every dime of the $800 million at the exchange rate of N750 to the dollar, each recipient will receive just $16/N12,000 each!
A few weeks ago, as part of the World Bank-funded Ministry of Finance championed State Fiscal Transparency, Accountability and Sustainability (SFTAS) program, state Governors assembled in Abuja to celebrate the success of the 4-year project which has come to an end (2018-2022).
The past week has been inundated with commentaries about the recent announcement by the Central Bank of Nigeria (CBN) to introduce new N200, N500, and N1000 notes, effective December 15, 2022.
December 2016 was a tipping point in Ponzi investment in Nigeria with the crash of the popular Mavrodi Mundial Moneybox, otherwise known as MMM.