Five years ago, economists prophesied a prosperous future for Nigeria, and the rest of the continent. Yet today, the country is facing what one leading Nigerian academic recently told me is its “biggest crisis since independence”. The devaluation of the Nigerian naira by 230% over the past year, along with a huge rise in inflation, has sparked an economic crisis unequalled in its modern history. With meat, eggs and milk now a luxury, there have been reports of people in the north of the country being forced to eat poor-grade rice usually used as fish food.
Economics
DeStatis: Germany hit by barrage of economic bad news
DeStatis has released three new statistics (one in English, two in German) indicating a continuing decline of Germany’s economy). And where Germany’s economy goes, the EU follows: Building permits for flats in July 2023: -31.5 […]
Economics
Chris Dillow – Inflation: The Real Problem
Everybody says we have an inflation problem. Everybody is wrong. What we have is a relative price problem. Read Here Photo: Eric Kounce in public domain
Finance
Aditya Chakrabortty: A basic income for everyone? Yes, Finland shows it really can work
Universal Basic Income is, like Helicopter Money or a Green New Deal, held in contempt by the establishment: not practical, not possible, something for the loony left. In reality it is an idea being increasingly […]
Be the first to comment