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Articles by Cheta Nwanze

12 Jan
There was a tweet that drew attention on the Nigerian section of Twitter recently because it had a young Nigerian, Vincent Adeoba, former Co-founder and CEO of a transport tech startup, Transtura, describing his experience in setting up a startup in Lagos and how he encountered unforeseen challenges and the pervasive grip of extortionate practices.…
3 Jan
Dear reader, happy new year. I hope you had a restful holiday and crossover. Somehow, given what our country is going through, from the killings in the Middle Belt, to the rising tribalism, to the economy, things probably looked tough. Like many in my circle, I have seen a sharp rise in people asking me…
12 Dec
In 2016, the Benue State Government proposed a generator tax, claiming it would invest the proceeds in repairing and maintaining the ozone layer. However, when Terna Francis, the media assistant to the chairman of the Benue Internal Revenue Service’s board at the time, Mimi Orubibi, was asked how the proceeds would be used to “maintain…
24 Nov
The Minister of Budget and Economic Planning, Atiku Bagudu, recently unveiled the government’s budgetary proposals for the 2024 fiscal year. A budget is a vital component of any country's economic strategy, which can shape its entire socio-economic landscape. The budgetary estimates also serve as a guide for public financial management in the country. Nigeria’s 2024…
13 Sep 2023
The federal and state government administrations ushered in via the recently held elections have been having their 100-day anniversaries. While the Lagos State government has tried to celebrate its controversial reelection with the launching of a Lagos Metro that took almost two decades to get done but has electric trains being pulled by a diesel…
6 Sep 2023
The National Bureau of Statistics (NBS) of Nigeria underwent a revision of its unemployment rate calculation methodology in 2023. The new approach aligns with the International Labour Organisation's (ILO) guidelines, recognised as the international standard for unemployment measurement. This substantially decreased the reported unemployment rate, dropping from 33% in Q4 2020 to the current 4.1%.…
19 Aug 2023
Renowned for products such as Panadol, Lucozade, Ribena, Macleans and Sensodyne that a lot of Nigerians have grown fond of, the British pharmaceutical giant - GlaxoSmithKline Plc (GSK) - has called off its operations in Nigeria after about 52 years. The GSK UK Group has halted commercialising its prescription medicines and vaccines in Nigeria through…
3 Aug 2023
Given the current economic troubles in the country, it is not out of place to say that we could face social unrest in the near future. But what would be the spark? On 17 July, there were a series of anti police brutality protests in Aguleri, Anambra state, following the killing of Mr Chidubem Ezenwa.…
11 Jul 2023
Every year, hundreds of Sub-Saharan Africans, Middle-Easterners and Central Asians lose their lives by crossing dangerous waters into Europe on the promise of a better life while escaping climate change, poverty and conflict, some of which were caused by European funding and in some instances, sanctions. Even the bloc’s decision to do nothing and stay…
11 Apr 2023
Nigerian doctors take the Hippocratic Oath. In April 2019, Nigeria’s labour and employment minister, Dr Chris Ngige, was asked about Nigeria losing healthcare professionals to economic migration that took them to better-paying jobs in other continents, and he brushed it aside, saying that Nigeria had a surplus that made the migration a non-issue. A year…
26 Jan 2023
On 18 January 2015, Nigeria's Minister of Petroleum Resources, Diezani Alison-Madueke announced a fuel price reduction that took the retail cost from ₦97 to ₦87 and explained that the price drop was occasioned by the drop in crude oil prices in the international market. An incensed Nigerian public that had set high standards for itself…
31 Dec 2022
“And I said to the man who stood at the gate of the year: ‘Give me a light that I may tread safely into the unknown.’ And he replied: ‘Go out into the darkness and put your hand into the Hand of God.’” - Minnie Louise Haskins We could say that the pandemic of 2020…