Tag: debt

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Overview of the Asset Management Corporation of Nigeria (AMCON) by Lawson Akhigbe

The Asset Management Corporation of Nigeria (AMCON) represents one of Nigeria’s most significant financial interventions in response to systemic banking distress. Its debt enforcement history reflects a blend of aggressive statutory powers, evolving legislative enhancements, notable operational successes, persistent challenges, and occasional perceptions of uneven application influenced by political or economic factors. Below is a thorough, chronological exploration of AMCON’s enforcement journey, including context, key mechanisms, statistics, notable cases (with nuances around the Ben Murray-Bruce/Silverbird matter), challenges, and broader implications.

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The Double-Entry Ledger of Suffering: How Nigeria Taxes the Poor Twice and Delivers Nothing Once by Lawson Akhigbe

Reform, when it comes, will be welcomed. The question is whether the reformers are counting the same things Mama Chioma is counting. So far, the evidence suggests they are operating from entirely different ledgers and that only one of those ledgers is written in the ink of lived consequence.

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BEAN TO BRAND, TARIFF TO TRAP by Lawson Akhigbe

Next in Abuja, four governments will do something that sounds, on paper, like a belated act of economic self-respect. Nigeria, Ghana, Côte d'Ivoire and Cameroon between them the source of roughly two-thirds of the cocoa that becomes the world's chocolate will sign the Abuja Declaration and stand up a Cocoa Value Addition Alliance, a coordinated attempt to stop shipping out raw beans and start capturing some of the value that currently accrues, almost entirely, to everyone else. Nigeria will additionally sign its own Cocoa Value Addition Accord, a domestic compact roping in governors, farmer groups, financiers and researchers into the project of turning bean into brand rather than bean into someone else's bar.

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The Tariff Trap: How Africa Was Turned Into a Warehouse for Raw Materials by Lawson Akhigbe

Long before many African nations even gained independence, an international economic architecture had already been designed to ensure Africa remained primarily a supplier of raw materials while Europe and other industrial powers controlled manufacturing, branding, finance and ultimately the profits.

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