Economic Impact

Energy insecurity in Sub-Saharan Africa imposes substantial economic and social costs, including significant business losses, reduced GDP, higher operational expenses, and disruptions to essential services. Addressing these challenges is vital …

Amid rising import duties, Nigerian importers pivot to neighboring countries, escalating concerns over cargo diversion, economic instability, and potential job losses in the maritime and import sectors.

Nigeria’s 2024 budget faces challenges as Brent crude oil price falls below the projected benchmark, threatening national revenue streams.