The evidence is clear that fossil fuel’s shift in the factory is nearing clock-out time. … starved of oil receipts, as presently structured, the economy will hurt. However, the catch is in the phrase “as presently structured”. The fact that Nigeria needs reforms that shift the epicentre of its economy away from extractive activity towards improving domestic supply responses (including freer voting) has long since become a shibboleth of domestic economic planning… It has never been truer. Nor has its need been more urgent. The output numbers for the third quarter of this year suggest that the Nigerian economy is on course to close 2021 on the more optimistic side of the many growth outlooks that were put out earlier for this year – i.e. more 3 per cent than the 2 per cent+ which both the the International Monetary Fund (IMF) and the World Bank had called it. […]