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Articles

The Unseen/Unspoken Paralyzers: Why Nigerian Punditry Fails to Diagnose the Real Drivers of Economic Decay, By Wilson E. Herbert

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By Odiaka Olika, Wilson E. Herbert
| theconclaveng.com
1. Introduction: The Orthodoxy Blind spot Turn on any major Nigerian television network during prime-time current affairs, or flip through the business pages of national dailies, and the macroeconomic debate follows a predictably rigid script.
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RMAFC to Senate: Fuel subsidy cost Nigeria N1.16trn in 2021

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By Odiaka Olika
| theconclaveng.com
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that Nigeria spent N1.16 trillion on fuel subsidy in 2021, with another N1.20 trillion deducted from proceeds of crude oil sales due to the Federation Account. The Chairman of the commission, Dr Mohammed Shehu, made the disclosure on Thursday while appearing before the Senate Public Accounts Committee investigating audit reports on the oil and gas sector covering 2021 to 2023.
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Nigeria’s Collective Amnesia: 66 Years of Learning the Same Economic Lessons, By Odiaka Olika

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By Steve Otaloro, Odiaka Olika
| theconclaveng.com
What Nigeria’s monetary and fiscal history since 1960 reveals about Professor Wilson E. Herbert’s Institutional Memory Theory of Development Policy Nigeria’s economic history is not short of policy ideas. It is not short of economists, commissions, development plans, technical reports or reform programmes. What it has repeatedly lacked is something less visible but perhaps more consequential: the institutional capacity to remember what it has already learned.
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