For years, Nigeria’s two most critical federal institutions—the NNPC and the CBN—were run aground. Instead of being national assets, they became liabilities. The NNPC was neck-deep in petrol subsidies, while the CBN poured resources into dollar subsidies. The result was economic chaos. Nigeria, once rich in resources, became a country borrowing to pay salaries while…
For decades, Nigeria’s two most important institutions—the NNPC and the CBN—were reduced from assets to liabilities. The NNPC was busy subsidizing petrol, while the CBN was subsidizing dollars. Together, they dragged the nation into an economic black hole. Instead of strengthening the country, they crippled it. Nigeria reached a point where it had to borrow…
The Federal Government has signed a landmark Memorandum of Understanding (MoU) with the Government of China to commence local production of insulin in Nigeria, a move expected to drastically reduce import dependency and make diabetes treatment more affordable for millions of citizens. The agreement, which marks a significant milestone in Nigeria’s healthcare sector, is aimed…
