Local content defined A minimum level of local content is sometimes a requirement under trade laws when giving foreign companies the right to manufacture in a place. The Longman Business English Dictionary describes local content as when a foreign company makes products in a country, with the use of materials or parts that have been…
read moreAuthor ~ Bekeme Masade-Olowola The trend of sand dredging from Nigeria’s waterways has led to indiscriminate commercialisation of such activity by the ‘killers of the mother earth’ – unethical business men. In his 1968 classic, ‘Tragedy of the Commons’, Garrett Hardin illustrates why communities everywhere are headed for tragedy, saying “It's because freedom in the…
read moreAuthor ~ Ebuka Onunaiwu As human population and activities increase globally, the need for space also increases as most human population dwell on land and majority of our activities are carried out on land, too. Urbanisation, which is the conversion of land to uses associated with growing population and economy, has been recognised as having…
read moreAuthor ~ Bekeme Masade-Olowola Street hawking has been an economic lifeline for many people at the bottom of the economic pyramid in developing countries, prevalent within urban and suburban contexts. It has allowed poor, mostly uneducated, unskilled people, to make out a living with meager or no capital investment and without the expense of maintaining…
read moreAuthor ~ Esu Ukpongote At 18 years of age, Nigeria’s democracy is expected to be mature enough to produce sustainable leadership. Interestingly, some weeks ago, young Nigerians around the country went around the social cyberspace, posting placards and throwing hashtags in support of the #NotTooYoungToRun bill. The nation in recent times has seen a number…
read moreAuthor ~ Bekeme Masade-Olowola Taking a ‘peek’ into the history of Nigeria, one can be overcome with acute nostalgia for a country which had been largely sustained by agricultural and solid mineral extraction prior to the oil boom. Though richly bestowed with a minimum of 44 different types of mineral resources, predominantly untapped, Nigeria is yet…
read more“A business that makes nothing but money is a poor business” – Henry Ford. Globalisation and Increasing Mining Activities In recent times, globalisation, newer technology, connectivity and better education have all worked to increase the amount of business activities globally. These increasing activities have birthed mega corporations, increased working opportunities and improved economic capacity. Along…
read moreAuthor ~ Bekeme Masade-Olowola As the current state of the oil industry portrays an optimistic outlook, what can Nigeria learn from the famous story of Noah who did not wait for the rain to build his ark? The accelerated pace of the global shift from crude oil to renewable and clean energy-powered technologies, such as…
read moreThe volatility of oil price in the last few years has continued to put pressure on government’s revenue projection and on profit margins of the oil and gas companies. The global shift from crude oil to renewable and clean energy powered technologies, such as solar and electric cars, has mounted concerns over the future of…
read moreFirst things first: contrary to the belief of the majority of corporate Nigeria, Corporate Social Responsibility (CSR) is not fulfilled by corporate philanthropy. In fact, there is a clear difference between the two as succinctly stated by Peter Baines (a business consultant and philanthropist) as follows, “The differences between the two can be measured in…
read moreIt is no secret that Nigeria has been dealing with recession worse than ever before. The reasons for this are also well known to include the crashing oil prices, the weakening currency, the increasingly disturbing security challenges, and a host of other socio-political issues. Fortunately, in recent times, it has not been all bad news.…
read moreDeirdre LaPin is a development expert currently based in the US. She is an also Africanist scholar who has studied Nigeria for over 45 years. She lived in Nigeria for extended periods totalling 18 years and for ten years worked in and on the Niger Delta as a managing advisor on development to the oil industry…
read moreWhen you visit our website, it may store information through your browser from specific services, usually in the form of cookies. Here you can change your Privacy preferences. It is worth noting that blocking some types of cookies may impact your experience on our website and the services we are able to offer.
