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Oil Windfall: Nigeria Must Move Away from a Palliative Economy - Yusuf


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Nigeria is in a situation where 133 million Nigerians are multidimensionally poor, despite cash transfers from the Federal Government reaching less than 1% of them. It is my hope that Nigeria optimizes this oil windfall by focusing on two priorities. First, we must fight insecurity by funding security agencies to build the capacity needed to defeat terrorists. Only then can we have a functioning economy. Second, we must address the power crisis decisively and effectively. We cannot go back to sharing a few thousand naira among a few people in rural areas.

Malam Baba Yusuf, CEO, Global Investment and Trade Company




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LIVE Nigeria Now — breaking and developing stories Nation — major national news Politics — political developments and affairs Government — federal and state government Elections — elections, voting and campaigns States — news from across Nigeria Naija World — Nigerians and Nigeria in the global community Business — Nigerian business and companies Money & Markets — finance, banking, investments and markets Economy — Nigeria's economy and economic policies Tech — technology and digital innovation AI & Future — artificial intelligence and emerging technologies Science — research, discoveries and innovation Science — research, discoveries and innovation Health — healthcare, medicine and wellness Crime & Security — crime, policing and national security Law & Justice — courts, law and legal affairs Education — schools, universities and education Jobs & Careers — employment, careers and opportunities Real Estate — property, housing and construction Sports — Nigerian and international sports Entertainment — Nollywood, music, film and television Celebrities — Nigerian and international celebrity news Naija Life — lifestyle and everyday Nigerian life Culture & Heritage — Nigerian culture, traditions and history Travel & Tourism — destinations and tourism in Nigeria Food & Dining — Nigerian food, restaurants and culinary culture Weather & Climate — weather, environment and climate Community — people, communities and human-interest stories Community — people, communities and human-interest stories The View — opinions, analysis and editorials Trending — viral and widely discussed stories Other