Energy efficiency, health and safety, and environmental sustainability have been identified as major sustainability issues in the energy sector, especially in Nigeria where about 16% of generated electricity power is always lost at transmission and distribution channels and HSE (Health, Safety and Environment) risks are common in the workplace. This was emphasised during recent visits to few Nigerian Transmission Company offices.


Fears of Genetically Modified Foods In Nigeria: What Experts Say

Recently, Nigerians were gripped with fear over Genetically Modified Cassava allegedly planned to be introduced in the country by the International Institute of Tropical Agriculture (IITA) in collaboration with ETHZ Laboratories of Zurich Switzerland. This happens while Nigeria’s peers in Africa — such as Kenya which has banned them altogether amid widespread malnutrition — have refused to import Genetically Modified foods in spite of their lower costs.

Responding to this, the Director General of the National Biotechnology Development Agency (NABDA), Prof. Lucy Ogbadu, assured Nigerians on the efficacy and safety of the genetically modified products in the country. According to…


Fiscal Sustainability: Between Nigeria’s Debt Plan and the 2018 Budget

Debt servicing costs are becoming a burden in Nigeria, and was expected to absorb more than 60 percent of government revenues in 2017, according to the International Monetary Fund’s (IMF) Regional Economic Outlook released on 30 October, 2017. The World Bank, through its Senior Economist, Gloria Joseph-Raji, also warned that the cost of borrowing or paying interest on Nigeria’s debt was not sustainable as revenues to make such payments had dried up, and confirmed its fears that the future of unborn generations is being mortgaged by the federal government.

These warnings were issued to demonstrate lack of fiscal or public…


Is Renewable Energy Really Sustainable?

One of the major trends in our present world is the global rush to renewable energy captured from natural processes such as sunlight, wind, flowing water, biological processes, and geothermal heat flows. While the world moves to generate clean energy systems that do not contribute to greenhouse gas (GHG) emissions and climate change, non-inclusion of social consciousness and several other impacts on the ecosystem are unveiling the grey areas of these renewables.

Generally, sustainability entails the integration of environmental, social, and economic concerns into our development’s trajectory and business practices. Any intention to satisfy a given dimension of sustainability at…


The term ‘financial inclusion’ has gained momentum in the Nigerian banking industry since the inception of the Nigerian Sustainable Banking Principles (NSBP) by the Central Bank of Nigeria (CBN) in the year 2012. But are Nigerian banks really in the true path of financial inclusion or inclusive banking?

The World Bank defines financial inclusion to mean when individuals and businesses, irrespective of net worth and size, have access to useful and affordable financial products and services that meet their needs — transactions, payments, savings, credit and insurance — delivered in a responsible and sustainable way. It strives to address and…


In our recent article, we brought to you Nigeria’s good performance with the Asset Management Corporation of Nigeria (AMCON). This week, Nigeria has emerged as the leader in Africa and fourth in the world, with the float of green bonds initiated by the Ministry of Environment in collaboration with the Ministry of Finance to climax the year in style.

Usually, bonds are fixed income investment in which an investor loans money to the governments or a corporate which borrows the funds for a defined period of time. …


The Nigerian economy has witnessed a favourable 2018 outlook following the recent 1.9 percent and 2.5 percent growth projections by the International Monetary Fund (IMF) and the World Bank respectively. This is as a result of the recent oil price increase in the international market, increase in Nigeria’s oil output due to improved security in the Niger Delta, and improved output in the agricultural sector promoted by the Central Bank of Nigeria (CBN) through its Anchor Borrowers’ Programme (ABP).

According to Fitch Ratings, one of the world’s leading credit rating agencies, “The recovery will be driven mainly by increased FX…


One of the interesting business transformation in recent times is the shift from shareholder consciousness to stakeholder consciousness, competition to collaboration, and from profit greed to shared value. With the new shift, firms are now building long-term profitability and existence that is hinged on cohesion across key stakeholders. Such relationship is possible through ‘stakeholder engagement’ — a process by which a company communicates with and learn from host communities, customers, employees, regulators, competitors and other key stakeholders that can either positively or negatively affect or be affected by business activities.

In our previous review of business sustainability, “Can Businesses Really…


As the saying goes: ‘necessity is the mother of innovation’. This justifies the fact that, many countries have experienced several breakthrough in innovation during crisis such as natural disaster, epidemic, war amongst others. These crises triggered the invention of technologies and ideas that leapfrogged some countries to their current developed state. But in Africa, a continent gripped with unemployment, poverty, hunger and more, the case is different. Africa’s poverty rate is yet to spark creative thinking and action to save the continent from poverty. For instance:

In the early 1880s when the Switzerland’s cold winters (bad weather) forced many Swiss…


In our mind’s eye, the Africa we see, is that continent which has long empowered the global economy. Inversely, the real Africa today is largely engrossed with poverty, resulting from depleted natural resources as well as irresponsible business models and political systems that have inflicted economic woes on the continent. …

Kingson Elendu

Sustainability I CSR Consultant (MBA Switzerland)

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