Economy

West Africa’s SMEs Employ Millions — Why Are They Still Locked Out of Regional Trade?

ECOWAS lawmakers have begun a five-day meeting in Cotonou to discuss strengthening MSMEs' role in regional value chains. The discussions will focus on tackling barriers such as informality, limited financing and cross-border trade challenges. MSMEs account for more...

From “Olodo Uprising” to “Olodo Downrising”

July 19, (THEWILL) — A recent social media storm has forced Nigerians to confront an uncomfortable question. "Olodo Uprising" is a trend where shallow entertainment, anti-intellectualism, and virality. The recent debate sparked by rapper Ycee's comments on the 'Peller...

Nigerian Economy 2026: A Mid-Term Review and Commentary

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July 12, (THEWILL) — All of a ‘sudden’, the first six months of year 2026 is gone, marked by the good, the bad and the ugly. With respect to the Nigerian economy, there was a lot of activities—dictated by...

Everyone has Become an Economist

July 06, (THEWILL) — In Nigeria today, everyone seems to have become an economist. On social media, in market stalls and in government corridors, the language of inflation, exchange rates and fiscal policy has become everyday conversation. The problem...

From Ports to Plates: How the 2026 Green Tax and Tariff Cuts Impact Your Pocket

July 5 (THEWILL) — On July 1, 2026, a brand-new tax reality officially hit Nigerian ports. The newly introduced Green Tax Surcharge mechanism: a direct carbon penalty slapped onto high-emission vehicles has officially commenced, firing the opening salvo in...

Oil-Producing States Rake in N1.58tn Derivation Windfall Amid Elusive Investment Inflow

June 28 (THEWILL) — Nigeria's nine oil-producing states received a combined N1.58 trillion from the statutory 13 percent derivation fund between June 2025 and June 2026, highlighting how currency depreciation and elevated oil revenues have dramatically expanded sub-national finances...

Naira Float: Employment and Manufacturing Tell Their Stories

June 15, (THEWILL) — Three years after Nigeria floated the naira on June 14, 2023, the country's manufacturing sector remains one of the clearest gauges of the policy's far-reaching consequences. Introduced as part of broader economic reforms aimed at...

Economy: Labour Day 2026 and President Tinubu’s National Emergencies

May 18, (THEWILL) — The similarity between the highlights of the International Labor Organization (ILO’s) May Day 2026 message and the focus of President Bola Ahmed Tinubu’s Workers’ Day address is not coincidental. The ILO’s theme—“Decent Work Agenda”—is a...

Africa’s Green Industrialisation: AfDB in the Theatre of Green Economy

May 17, (THEWILL) — Development Finance Institutions (DFIs) are vital to the climate finance landscape, disbursing roughly US$121 billion in 2012, according to the Climate Policy Initiative. Beyond channelling public budgets, DFIs can raise funds in capital markets, reinvest...

Nigeria: A Return to Post-Fuel Subsidy Removal Contingencies and Palliatives?

May 03, (THEWILL) — ‎Today, it is obvious that the state of the Nigerian economy is, in almost all respects, the same as the immediate post-fuel subsidy removal time in the second half of 2023. The announcement of fuel...