Emmanuel Olusegun Stober
Emmanuel Olusegun Stober
Economist, PhD, the Bucharest University of Economic Studies, Associate Chartered Economist, Institute of Chartered Economists of Nigeria, passionate about development economics, international business, and international diplomacy
The One-Size-Fits-All of the World Bank’s “Ease of Doing Business” Reports

The One-Size-Fits-All of the World Bank’s “Ease of Doing Business” Reports

The recently released World Bank “Ease of doing business 2018” report put Nigeria at 145 out of 190 countries surveyed, just behind Niger. This ranking represents a significant improvement over that of last year, when the country was ranked 169th. Therefore, there are several questions that need to be asked: Are these statistics enough? Is Nigeria’s business environment now friendly with entrepreneurs and investors? What do these figures mean to the ordinary Nigerian? More

No. 7-8, Sep.-Dec. 2017 2017


Not Too Young to Run

Not Too Young to Run

Leadership is influence, while influence is quality and substance. Looking at the age reduction bill, and how that will reshape Nigeria’s political space, Nigerians would need to ask themselves, is the plan to kick out the old people because they are outdated, and replace them with the young ones because they are perceived to have the capacity to do better?  More

No. 7-8, Sep.-Dec. 2017 2017


The Quality of Nigeria’s Capital Imports

The Quality of Nigeria’s Capital Imports

A saying has it that numbers do not lie, however the parameters behind the numbers might be somewhat misleading. The first quarter of 2018 saw a continuous growth in total capital importation into Nigeria, the fourth consecutive quarterly increase since Q2 2017. The total value of capital imported in the quarter stood at $6.3 billion, which is a year-on-year “YoY” increase of 594.03% and 17.11% growth quarter-on-quarter “QoQ”. This increase in capital inflow in Q1 2018 was mainly driven by portfolio investment, which grew from $3.5 billion in the previous quarter to $4.6 billion, accounting for 72.42% of the total capital importation during the quarter. More

No. 7-8, Sep.-Dec. 2017 2017


Not Too Young to Perform

Not Too Young to Perform

If young people are not too young to get married, to serve in the military or to choose those who represent them in different government capacity, then they are “Not Too Young to Run”.Diversity is needed to create a great team and, if we do not bring women and youth aboard, then we are limiting the country’s competitiveness. To start with, what Nigeria needs at this point in time is inclusive growth. According to the National Bureau of Statistics’ 2016 data, youth represent 50.2% of the total labor force in Nigeria. Hence, by restricting them from the country’s policy formulation and implementation, the country is not likely to attain its economic potential. More

No. 7-8, Sep.-Dec. 2017 2017


Nigeria’s Senators and Their Jumbo Pay

Nigeria’s Senators and Their Jumbo Pay

Pursuant the revelations of Senator Shehu Sani on BBC, Nigerian senators are entitled to monthly expenses of N13.5 million ($37,500), in addition to their monthly salaries of N750,000 ($2,088). With a minimum wage of N18,000 ($50), it would take the average Nigerian worker 792 years to earn the annual salary of a Nigerian senator.  More

No. 7-8, Sep.-Dec. 2017 2017


The China - Africa Relationship: A Recolonization?

The China - Africa Relationship: A Recolonization?

Behind all of the big headlines concerning the 73rd session of the UN General Assembly, there comes the African story which only a few in the print media has really shown interest in. When President Nana Dankwa Akufo-Addo was given the podium to address the assembly, he quickly used the opportunity to clear the air concerning the China-Africa relationship. He told the world to discard any insinuation that the movement of Ghana and some African countries towards China would result in the recolonization of the continent by a new power. He said this is not a uniquely Ghanaian or African phenomenon. “It has not been lost on us that the developed, rich and well-established countries have been paying regular visits to China and seeking to open new economic ties and improve upon existing ones”. What President Nana Akufo was pointing out was the difference between trade and colonization. The benefit of African trade with China is the return in form of investment in infrastructure. Meanwhile, the colonization process involves taking human and natural resources from Africa with no return, and there is nothing the continent can do about it. So, Africa does not perceive it relationship with China as a form of colonization or recolonization, because what they are getting from China has enduring value.  More

No. 7-8, Sep.-Dec. 2017 2017


Diaspora Remittances: Major Economic Assets for Nigeria

Diaspora Remittances: Major Economic Assets for Nigeria

There are millions of people who migrate each year. With the help of family and friends, they cross oceans, rivers, deserts and mountains. They risk their lives to realize a dream, which is to simply have a decent job somewhere that enables them to financially support their families back home, the same families who helped them before.  More

No. 7-8, Sep.-Dec. 2017 2017


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OEconomica No. 1, 2016