Inflation in Nigeria is still climbing while it has slowed globally: here’s why

Inflation in Nigeria is still climbing while it has slowed globally: here’s why

By Stephen Onyeiwu, Allegheny College Just as Nigerians were gradually digging out from the devastating effects of the COVID-19 pandemic, they were hit by high inflation. The Nigerian economy contracted by 6.1% at the peak of COVID in the second quarter of 2020. Unemployment rate rose from 27% in the second quarter of 2020 to 33% in the fourth quarter of the same year. The World Bank estimated […]

March 14, 2024 27

Business / Economics

Economists break down revised tax reforms and national budget

With Finance and Public Enterprises Minister Ipumbu Shiimi having announced in yesterday’s National budget that the government has revised tax reforms that will put N$646 million back in the pockets of taxpayers by exempting all individual taxpayers from paying tax on the first N$100,000 of their income, starting 1 March 2024, we asked Cirrus Capital Economist Robert McGregor for a breakdown of the numbers. Namibia's largest-ever annual budget on Wednesday […]

February 29, 2024 51

Business / Economics

Civil Society weighs in on 2024/25 national budget anticipation

Following a meeting last year between the Minister of Finance and Public Enterprises Ipumbu Shiimi and Civil Society organisations about the 2024/25 Budget, we asked the Executive Director of the Institute for Public Policy Research, Graham Hopwood about his expectations.

February 28, 2024 17

Business / Economics

Economists call for more frequent Government finance updates

Local Market stakeholders say the country needs more regular updates and analyses on Government Finances. Right now, Namibia only gets them twice a year. With the national budget coming up in about two to three weeks, we asked local economist Gabriel Erastus how the budget can help with achieving the country's goals.

February 8, 2024 45