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Vol 60 No 22

Published 7th November 2019


Command economics on trial

As Africa’s biggest economy slows down with dangerous political consequences, policy-makers are looking for radical solutions

With economic growth failing to keep pace with population growth, and the country far too dependent on oil and gas exports, President Muhammadu Buhari is trying to deal with critical shortages of revenues and fast-growing debt obligations. A sign of how bad things have got is the fate of government's search for funds for its promised 29% hike in minimum wages which should take the lowest pay grades up to about N30,000 (US$83) a month.

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