Category: Kingsway Nigeria

Nigeria hits late summer busy on all fronts but with little to show that the tide is turning. Tinubu is courting the Global South, trading Benin Bronzes for soft power, pushing to patch up ECOWAS and locking in a headline loan for a showpiece coastal highway. He’s also signed fresh security pacts with the UK…

US-Nigeria relations have taken a sharp hit with Trump back in the White House. Visa restrictions and aid cuts are sending a clear message that things are shifting – and Nigeria is feeling it, especially in healthcare where US funding was critical. Economically, a slight dip in inflation isn't fooling anyone.…… Read the rest

Nigeria’s economy is experiencing mixed signals—modest growth, a strengthening Naira, but persistent inflation and concerning debt servicing costs. Trump’s second term will likely bring tougher immigration policies for Nigeria and along with that, reduced security cooperation, and funding cuts for health initiatives, but we do see potential gains for Nigeria’s oil sector.…… Read the rest

Nigeria has been battling its worst floods in 30 years. Hundreds have been killed and at least 1.3 million people displaced. The cost of damage to infrastructure and agriculture cannot yet be calculated but it will be significant. As the waters subside we can see the carnage left behind and it is not just material.………

Despite promising financial responsibility and accountability in his election campaign, President Tinubu continues to fiddle while Rome burns. His government appear to be increasingly blind to the people they are supposed to be representing. Nigerians are becoming increasingly pessimistic about the economic outlook for their nation. Many are already digging into their meagre savings or…

President Tinubu’s term in office started with a blast which saw him slash fuel subsidies, sending prices soaring right across the nation and provoking protests and violence. He quickly but subtly u-turned on this decision. But, instead of reversing the policy he has quietly tweaked it by providing special foreign exchange concessions for product importers.………

Tinubu seems to be in a rush to restructure Nigeria so much so that it is beginning to feel slap-dash with no back up plans or consideration of consequences. For years we have complained about the snail’s pace speed of change in Nigeria but Tinubu’s rapid reforms have an almost Liz Truss feel to them…