As the saying goes, “A healthy nation is a wealthy nation.” The future of any country’s survival, and that of its corporate institutions, depends largely on how healthy or otherwise responsive government is to the yearnings of it citizens. Subsidies are one of the palliative measures countries around the world put in place to stabilize […]

A subsidy (also known as a subvention) is an assistance paid to a business or economic sector. Most subsidies are made by the government to producers or distributors in an industry to prevent the decline of that industry (e.g., as a result of continuous unprofitable operations) or an increase in the prices of its products […]

Energy security is a term for an association between national security and the availability of natural resources for energy consumption. Access to cheap energy has become essential to the functioning of modern economies. However, the uneven distribution of energy supplies among countries has led to significant vulnerabilities. Threats to energy security include the political instability […]

The Nigerian government’s 7-Point Agenda or Seven Major Government Issues accommodate Power and Energy, Food Security and Agriculture, Wealth Creation and Employment, Mass Transportation, Land Reform, Security plus Qualitative and Functional Education. They were defined in many ways, but the most frequently quoted definition is from Our Common Future; which energizes development that meets the […]

Several economic reforms and strategic plans have been put in place in Nigeria to diversify the revenue sources of the economy towards achieving the nation’s Vision 2020. Many of these reforms and plans have lasted without substantial assurance of the country’s targets. Nigeria is the single largest entity in West Africa and the most populous […]

For many years now, Nigeria has been facing an extreme electricity shortage. This deficiency is multi-faceted, with causes that are financial, structural, and sociopolitical, none of which are mutually exclusive. Nigeria’s power sector has high energy losses from generation to billing, a low collection rate and low access to electricity by the population. There is […]