Imagine preparing a pot of jollof rice in Lagos in 2016 versus 2026. The recipe has not changed. Rice, tomatoes, peppers, onions, oil, seasoning, and possibly chicken. But the cost of the pot has multiplied. That is Nigeria’s inflation story. Economists measure inflation using indices and models. Nigerians experience it through food. And no food…
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Africa’s economic outlook is often summed up by a single number: growth rate. Forecasts for 2026 are in the low-to-mid 4 percent range (AfDB, Nov 2025), suggesting resilience but not transformation. However, interpretations of Africa’s present condition and future trajectory differ greatly depending on the economic lens applied. Economic schools of thought shape how policymakers…
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For decades, Nigeria’s monetary policy operated in a hybrid space—part rules, part discretion—constrained by fiscal dominance, exchange-rate pressures, and deep structural inflation drivers. Monetary decisions were often shaped as much by administrative controls, directed credit, and quasi-fiscal objectives as by price stability. That framework is now changing. In recent years, the Central Bank of Nigeria…
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