Nigerians may no longer depend on imported petrol to the same extent as before, but that shift has not eliminated the factors keeping pump prices elevated. Aliko Dangote, President of Dangote Group, has explained that producing petrol locally does not automatically make the commodity cheap because the refinery still operates within a market influenced by […]
Nigeria’s dependence on imported steel is becoming an increasingly expensive burden on the economy, with official trade data showing that the country spent more than ₦1 trillion on iron and steel imports in 2025. The figure highlights a long-standing contradiction in Nigeria’s industrial policy: while the country continues to spend heavily on imported steel products, […]
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Nigeria’s import duty waiver policy has come under renewed scrutiny after the Nigeria Customs Service (NCS) disclosed that import duty exemption certificates approved by the Federal Government reached an estimated N34 trillion in 2025—a figure that has sparked concerns over fiscal sustainability, transparency, and public accountability. The disclosure has prompted economists and financial experts to […]
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Nigeria’s position as the world’s largest cassava producer could become one of its biggest economic advantages—if the country successfully shifts from exporting raw agricultural potential to manufacturing high-value industrial products. Although cassava has long been regarded as a staple food consumed in millions of Nigerian households, experts and industry stakeholders now argue that the crop […]
