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Articles by Odiaka Olika
The Unseen/Unspoken Paralyzers: Why Nigerian Punditry Fails to Diagnose the Real Drivers of Economic Decay, By Wilson E. Herbert
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.
RMAFC to Senate: Fuel subsidy cost Nigeria N1.16trn in 2021
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.
Nigeria’s Collective Amnesia: 66 Years of Learning the Same Economic Lessons, By Odiaka Olika
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.
Rodri approves Barcelona transfer talks with Man City
Spain midfielder Rodri has authorised Barcelona to start talks with Manchester City for a potential transfer. “Today Barcelona is closer to being able to consider this transfer than yesterday. We have now secured the player’s agreement to open negotiations with Manchester City,” a source at Barcelona told AFP on Thursday. Barcelona’s move could hijack eternal rivals Real Madrid’s reported interest in the 30-year-old as Los Blancos seek to strengthen their midfield under new manager Jose Mourinho.
The 45% Stranglehold: How the CBN is choking Nigeria’s MSMEs, weakening its own recapitalisation effort and undermining economic growth, By Odiaka Olika
Nigeria’s problem is not a lack of entrepreneurs. It is a lack of an economic system that allows entrepreneurs to breathe. Across the country, millions of small businesses are struggling to survive in an environment where credit is expensive, liquidity is scarce, and policy appears designed more to restrain the economy than to stimulate it.
DHQ: 200 US troops remain in Nigeria despite Lake Chad withdrawal reports
The rumour spread fast: “America has packed up and left Nigeria.” Not true, says the Defence Headquarters. In a firm clarification on Friday, the DHQ drew a clear line between two different US deployments — and confirmed that 200 American troops are still on Nigerian soil, working side-by-side with Nigerian forces on intelligence and technical training to crush ISIS and other terror networks.
The Five Economic Equations of 2027! By Odiaka Olika
When your preferred presidential candidate comes seeking your vote in 2027, resist the temptation to support them simply because they share your tribe, religion or region. Instead, ask whether they possess the competence, vision and economic understanding required to govern Africa’s former largest economy. Ask them what they understand. Nigeria has spent decades electing leaders on the strength of personality, ethnicity, religion, political structures and campaign slogans.
Tompolo’s PBAT Door-to-Door Movement and the Push to Consolidate Tinubu’s Renewed Hope Agenda, By Emmah Uhieneh
High Chief Government Oweizide Ekpemupolo, widely known as Tompolo, has once again positioned himself at the forefront of Nigeria’s evolving political landscape. Revered as the Ibe-Ebidouwei of Ijaw Nation and Chairman of Tantita Security Services Nigeria Limited, Tompolo has unveiled the PBAT Door-to-Door Movement—a grassroots political mobilisation platform dedicated to supporting the re-election of President Bola Ahmed Tinubu in the 2027 general election.
Tanzania, Dangote advance talks on investments in infrastructure, energy, fertiliser
President Samia Hassan of Tanzania has held high-level talks with President and Chief Executive of Dangote Industries Limited, Aliko Dangote, on a major expansion of the company’s investments in the country, with discussions focusing on transport infrastructure, fertiliser production, power generation, ports, and regional trade.
State of the Nigerian Economy: Government claims of growth versus growing hardship among Nigerians, By Emmanuel Nnadozie Onwubiko
There is an obvious irony in the country at the moment marked by the factually error-prone assumption by President Bola Ahmed Tinubu’s administration that maintains that the economy is recovering and is on a sustainable growth path. Official data support parts of this position, but household-level data show that most Nigerians continue to face severe economic hardship.
inDrive unveils KieKie as CWO
inDrive, a global mobility and urban services platform, has appointed popular media personality and content creator Kiekie as its new Chief Wahala Officer (CWO). InDrive announced this in a statement issued on Monday, June 29, 2026, saying the creative hiring campaign was designed to shed light on the daily challenges of movement and mobility in Lagos State.
Zazzau Emir faults lavish weddings, urges support for the poor
The Emir of Zazzau, Ambassador Ahmed Nuhu Bamalli, has criticised the growing culture of extravagant wedding spending, urging Nigerians to prioritise helping the less privileged instead of spending huge sums on cosmetics and aso-ebi. The traditional ruler spoke on Sunday at the 20th anniversary of the Crystal Muslim Organisation in Abuja, where he expressed concern over what he described as excessive spending despite the country’s economic challenges.
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