What Is Nigeria’s Current Money Supply (M3)?

What Is Nigeria’s Spending On Healthcare Per Capita?

What is Nigeria’s Manufacturing Output from 1981 To 2022?

Deduction of Tax at Source (Withholding Tax) Regulation 2024

Introducing Veriv Africa's Policy Explainer Feature 

Welcome to Veriv Africa 1.0

UNDERSTANDING THE CBN MONETARY POLICY ANNOUNCEMENT

What is Nigeria's Annual Headline Inflation Rate From Independence to Date?

What is the Monthly Average of Crude Oil Produced In Nigeria in 2023?

What is the Number of Public Schools in Nigeria?

How Many Roads Are There in Nigeria?

How Many Nigerians Have Access to Financial Services?

How Many Nigerians Use Rail Transport?

How Much Capital Importation Did Nigeria Receive in 2023?

How Many Poor People Live in Nigeria? 

How Many Active Voice Subscribers Are in Nigeria?

Boston Computer Exchange, BCX, the world’s first e-commerce company, opened for business in 1982. BCX was an online marketplace for people buying or selling used computer equipment.

From Brick to Click: E-commerce and the Future of Retail

Nigeria’s healthcare infrastructure is currently battling a cholera outbreak it is unprepared for. This dire situation is exacerbated by the lack of access to proper latrine services, a significant deterrent to the spread of the disease.

Cholera: Strengthening Nigeria’s Health System to Manage Disease Outbreaks 

According to a 2023 report by Disrupt Africa, Nigeria accounted for 32% of the fintech startups on the continent, with 217 in total. 

Why The Nigerian Tech Industry is FinTech-Driven 

Nigeria’s mounting debts are approaching unsustainable levels, demanding immediate and unwavering attention from policymakers. 

Rising Tides: Analysing Nigeria's Soaring Public Debt and Its Sustainability Concerns

Public-private partnerships (PPPs) entail cooperation between all levels of government and businesses in the private sector.

The Effectiveness of Public-Private Partnerships (PPPs) in Nigeria’s Infrastructural Development

“I do not agree with that statistic” These were the words of Dr Ajibola Bashiru in a viral clip as he debated with Seun Okinbaloye, the Channels TV anchor on the TV show “Politics Today”, on the headline inflation rate in Nigeria.

Is Food Inflation in Nigeria Really 39%? Analysing the NBS Methodology for Computing Nigeria’s CPI

Nigeria’s Gross Domestic Product (GDP) grew by 2.98% year-on-year in the first quarter of 2024, surpassing the 2.31% recorded in the first quarter of 2023 but lower than the 3.46% growth in the fourth quarter of 2023.

Enhancing Nigeria’s Economy Through Textile Development

In 2001, Lord Jim O’Neill, a former Chief Economist at Goldman Sachs, coined the term “B.R.I.C.” as an acronym for the emerging markets of Brazil, Russia, India, and China. 

What Happened to the M.I.N.T. Economies? 

Nigeria's cement industry stands as a regional powerhouse. As of 2021, it had a combined capacity of 58.9 mt/y, making it the largest in Sub-Saharan Africa.

How Cement Costs Stifle Nigeria’s Infrastructural Development 

Vocational education is credited with promoting youth employment rates across the globe. In the United Kingdom, the employment rate of vocational education graduates is about 90% men and 85% women.

Improving Vocational Education for Reduced Youth Unemployment in Nigeria

Globally, women hold a higher enrollment (114 women for every 100 men) and completion (54%) rate in terms of higher education than men. However, in STEM disciplines, men dominate, with only 35 percent of STEM graduates being female. 

Overcoming Gender Bias in STEM

Nigeria's crude oil production declined in 2023 and 2024, failing to meet its OPEC quota for nine consecutive months. In September 2023, output stood at 1,572,315 barrels per day (bpd) but dropped to 1,562,072 bpd in October 2023.

War against Oil Theft: Conventional Security versus Private Surveillance Contractors

It was reported that in Q1 of 2024, Nigerian startups received 35% ($160m) of Africa’s total  $466m investment, the bulk of which was Moove’s joint equity and debt financing of $110m. 

How The Nigerian Tech Industry Performed in Q2 of 2024: Funding, Acquisitions, and What This All Means

Nigeria, the most populous African nation, with about 41.3% of its population as children, is yet to solve its education crisis.

2024 JAMB Scores: The Impact of Budget Allocation on  Education Outcomes 

Although Nigeria possesses a large deposit of natural resources and a large population, its potential is not fully optimised, and this can be attributed to the state of the country's infrastructure.

Adequate Infrastructure: A Cure for Poverty in Nigeria

The Nigerian government has proposed a legally binding net-zero greenhouse gas emissions target by 2060 after the Paris Agreement in Glasgow in 2015, hence the country's need to introduce renewable/clean energy options.

Geothermal Energy’s Potentials in Nigeria's Renewable Energy Portfolio

Education entails a teaching process involving an instructor and students in the formal or informal learning sector. For teaching and learning to happen, there must be a teacher willing to teach the students voluntarily or for a price.

Are Machines taking over? The Impact of AI on Education and Research in Nigeria

Nigeria and India are different countries. Yet a quick Google search of ‘Nigerian and Indian tech industries’ will produce several articles comparing them.

What Nigeria Can Learn from India: A Comparison of India and Nigeria's Tech Industries

According to the United Nations Educational, Scientific and Cultural Organization (UNESCO), education is a human right, as well as a powerful catalyst capable of reducing poverty, driving development, improving health, and sustaining economic stability....

Accelerating Learning Recovery in Nigeria

In April 2024, the International Monetary Fund (IMF) revealed that Nigeria’s gross domestic product (GDP) will decline to $253 billion in 2024, driven primarily by the devaluation of the naira.

The Dark Decade: A Data Story of Nigeria's De-growth Years (2015–2024)

Resource-rich nations with large reserves of commodities and crude oil usually benefit from a surge in prices in the global market. As market prices increase, these nations profit from the sale of these resources and sometimes profit beyond projections.

What Is a Sovereign Wealth Fund? 

A phrase that has taken over the industrial and academic sectors, “Research and Development (R&D),” signifies the need for continuous relearning and unlearning in intellectual and labour settings.

Diffusing Research and Development from Higher Education into Nigerian Society

For decades, the Nigerian economy has relied heavily on oil as its primary source of revenue. Nigeria’s oil accounts for 80 percent of the country's revenue and foreign exchange gains.

Nigeria's Non-Oil Sector: A Path to Sustainable Growth

Corruption in Nigeria has harmed a significant aspect of its infrastructural growth and development. With a score of 25 in the 2023 Transparency Index, Nigeria ranked 145 out of 180.

Corruption’s Footprint on Infrastructure in Nigeria

A 2023 report by the WHO highlighted that 1 in 6 people in the world currently live with one form of disability. These individuals bear the brunt of inaccessibility to public infrastructure 15 times more than people without disabilities.

A Case for Disability Access to Public Infrastructure in Nigeria

The first part of this insight highlighted the strategies that the CBN was employing in its fight against inflation and their limitations. The second part will focus on an analysis of the components of Nigeria’s inflation and the factors influencing.......

Why the CBN is Losing Its Fight Against Inflation (II)

What is Inflation? Inflation, as you have probably heard, is a situation where too much money is chasing too few goods. However, that only tells one part of the story.

Why the CBN is Losing Its Fight Against Inflation (I)

Vocational education is a system of education that prepares students for a career in a hands-on or practical way. 

Engendering Vocational Education in Nigeria: Risks and Mitigation 

From January to March (Q1) of 2024, the African tech sector received a total funding (equity, debts, and grants) of $466 million. 35% of which went to startups in Nigeria. Moove, a Transport Tech startup, accounts for two-thirds of this sum

How The Nigerian Tech Industry Performed in Q1 of 2024: Funding and Growth Areas

According to a report by Positive Technologies, the number of successful cyberattacks globally has more than doubled in the past five (5) years.

Copy-Paste or Craft Anew? How Developing Countries Can Adapt Data Protection Laws from the West

Elections come and go, but their outcomes play a significant role in shaping the trajectory of a nation, both politically and economically, at least for the tenure of the elected.

Tinubu’s One-year Scorecard: A Case of  Renewed or Shattered Hopes?

Following the establishment of Nigeria’s first institution of higher learning in 1948, enrollment in public universities and the number of federal and state universities in the country have increased.

Endowment Funds: An Option for University Financing in Nigeria

Shrinkflation occurs when the price of a product stays the same, but its size gets smaller. 

Shrinkflation: Why Nigeria Must Prioritise Child Health

Nigeria’s oil production output fell to 1.322 million barrels per day in February 2024 from 1.427 barrels in January 2024 as the country struggles to meet its Organisation of Petroleum Exporting Countries (OPEC) quota.

We Have a Crude Oil Theft Problem

Oil production in Nigeria began in the late 1950s. Its exploration was made available to foreign corporations in the following decade, and the industry grew steadily to become a global behemoth. 

Navigating Nigeria's Oil Sector Transformation: Strategies for the NNPCL's Profitability and Growth

Gender-based discrimination still exists in several aspects of Nigerian society. From spheres such as employment and education to political representation and resource access, Nigerian women are passed over for their male colleagues on the basis of sex.

Gender Bias in Housing Access

Data-driven decision-making has become a vital discussion in policymaking. To formulate policies that are both effective and influential, policymakers require access to data that is precise, dependable, and exhaustive.

How Much Data Does Policy Making in Nigeria Need?

In a talk she gave at a BetaNYC conference, Reshma Saujani, founder of Girls Who Code, said, ‘There are always moments in technology where when a new technology came out, we had a lot of fear about the change that was going to come. 

AI in Africa: Adoption Challenges, Impact, and Growth Opportunities

Exchanges are platforms where securities, stocks, bonds, and other financial instruments are traded.

Explaining the Ongoing Nigerian Exchange (NGX) Boom

The history of technical education lies in the evolution of vocational education. 

Historicising the Development of Technical Education and the Need for Curriculum Reform in Nigeria

Forty-nine years ago, the late Afrobeats legend, Fela Anikulapo Kuti released the album, Expensive S**t.

Nigeria's Urban Water Provision Crisis

Reading and comprehending are crucial to learning and academic progress in young children. 

Learning Poverty: Policy Gap and Pathways to Progress

According to the World Bank (2023a), Nigeria’s gross domestic product (GDP)  has grown by an average of around 2% in the last decade.

Education Crises Limit Nigeria’s Growth Potentials

Compelled by the grim realities of global warming, nations all over the world have sought ways to reduce greenhouse gas emissions.

CCS AND HYDROGEN: A Dynamic Duo for Nigeria’s Energy Transition

Nigeria is a recognised powerhouse in the African tech ecosystem. It is firmly established as “one of the “big four” startup ecosystems in Africa alongside South Africa, Kenya and Egypt,” says a report by Disrupt Africa.

How to Make the Nigeria Startup Act Work

Nigeria's oil sector is mired in a dispute between two major groups: the federal government, which supervises the industry, and the smugglers, who steal billions of dollars in oil.

Scoping Nigeria's Revenue Losses from Crude Oil Theft

Infrastructure spending as a proportion of Gross Domestic Product (GDP) is a crucial indicator of an economy's long-term prospects. Economists worldwide recognise it as a critical driver of short-term growth.

Rethinking Infrastructure Financing in Nigeria 

Despite making up half of the human population, women’s health remains under-researched and underfunded globally. The situation is worse in Africa. Despite a recent boom in fintech startups on the continent, 

Women’s Health Tech: An Untapped Market in Africa

As leaders worldwide have observed the harmful effects of greenhouse gas emissions on the atmosphere in recent years, the focus has gradually shifted towards the quest for clean and renewable energy.

Building a Carbon Credit Industry in Nigeria

In a bizarre turn of events, Nigerians awoke to a surreal scene post-Valentine's Day in 2024. The government initiated a program to seal shops accused of exacerbating the dire cost-of-living crisis.

A Data-Driven Argument for State Police in Nigeria

In January 2024, Nabeeha Al-Kadriyah, her fathers and four sisters were abducted from their home in Abuja, Nigeria’s capital. Despite attempts to negotiate a ransom after her father’s release

The Kidnap For Ransom Industry In Nigeria: A Breakdown

Housing, a fundamental human right, is the cornerstone of a society’s well-being and economic development. Nigeria, home to about 224.6 million people with an annual growth rate of 2.38 percent

Unveiling the Abysmal State of Nigeria’s Public Housing System

Over the past few decades, the manufacturing and use of plastics have been identified as responsible for several environmental concerns ranging from the pollution of water bodies, poisoning of waterways with carcinogens, and littering.

Lagos State Single Use Plastic Ban: Rethinking Nigeria's Policy Environment

In the current era of digitalisation and technology, resource development depends on energy access. With the 2030 Sustainable Development Goal (SDG) 7–Clean and affordable energy–in view

Wind Energy as A Carbon Capture Mechanism in Nigeria

Educational technology (EdTech) refers to the utilization of technology in education. It involves incorporating learning management systems (LMS)

Harnessing Edtech for Innovation and Transformation in Nigeria

The United Nations Educational, Scientific and Cultural Organization (UNESCO) Convention held on 14 December 1960 included education as a fundamental human right.

Student Loan Policy: A Socio-Economic Overview

 Nigeria has a history of grappling with rising prices, marked by significant spikes in inflation rates. In the 1990s, inflation  soared to 57.03% in 1994 and 72.83% in 1995.