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.
Austerity
John Lichfield: Never before have I seen blind anger like this on the streets of Paris
What the British achieved peacefully at the ballot box with Brexit, the French may be trying to accomplish on the streets. The Brits might want to think about this – and do not think it […]
Corruption
BBC – Austria: Former finance minister Grasser jailed for corruption
Many will claim that Grasser is a black sheep. No one is asking what colour the herd is. Thousands from the EU and British political elite would land in jail if there were serious laws […]
Economics
Al Jazeera: Europe imports more Russian gas, aiding wartime economy, report finds
Europe increased its imports of Russian gas last year, says an energy think tank, putting billions into Putin’s Ukraine war chest Read HERE
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