Publications
August 2023 Inflation Report
Inflation is on the move both at home and abroad, and there are various reasons for this. Globally, factors such as the ongoing conflict in Ukraine, disruptions in supply chains, and increasing energy costs are contributing to these trends. Back home, inflation has maintained its upward trend fueled by the removal of fuel subsidies and the Naira devaluation, as headline Inflation rose to 25.80% in August 2023 from 24.08% in March 2023. This report gives more detail
Tayo Scribbles
September 29, 2023
Economy
The Ministerial Cabinet
On 21st August 2023, 45 ministers were sworn into various offices to work towards the delivery of the new administration's eight-point agenda. It is important to note that this ministerial cabinet now holds the record for being the largest since the nation's return to democracy. We have compiled the list of these new ministers along with brief notes on their professional and educational backgrounds. Read below.
John Oldman
September 8, 2023
Politics
The Education Industry
Education, in its broadest general sense, is how society transmits its accumulated skills, customs, and values from one generation to another, and is provided in three different ways, which are formal, non-formal, and informal processes. The Education sector comprises institutions whose primary objective is to provide education. These institutions may be for-profit, non-profit, or public organizations. In 2019, global education expenditure amounted to approximately five trillion U.S. dollars, mostly from governments or development assistance. This reports takes a look at the education industry at global and national levels, highlighting the major players, value chains and challenges.
Opemi
August 22, 2023
Education
The Pharmaceutical Industry
The pharmaceutical industry is a large one with a market size of nearly $1.5 trillion as of 2022. The evolution of the industry accounts for most of the cumulative increase in life expectancy across developing and high-income countries. Pharmaceutical companies ceaselessly work towards innovative treatments that will help people to live healthier and longer lives. This report takes a deep dive into this essential industry highlighting major players, value chains and challenges. The report also features a PESTLE analysis of the industry while delving further into the prospects of the sector.
Lola Savage
August 18, 2023
Health & Social Services
The Telecommunications Industry
In today's world, the telephone, long-distance, cable/video, cellular, and telecommunications equipment industries are increasingly intertwined. The telecommunications industry is expected to grow significantly in the next few years, driven by the increasing demand for telecommunications services, the growing importance of communication in our lives, and the development of new technologies that make telecommunications more affordable and accessible. However, significant challenges in this industry include globalization trends, competitive implications of new technologies, and the changing regulatory environment. This article takes a deep dive into the telecommunications industry both globally and locally, exploring the challenges, major players and future of the sector.
Tayo Scribbles
August 15, 2023
Economy
The Energy Industry
The global energy industry operates in a complex and ever-evolving landscape. While grappling with existing challenges, it also navigates through transformative changes that hold significant implications for the future of energy. The prevailing trends and challenges observed today are anticipated to continue shaping the industry in the years ahead. This report will explore the global shift towards renewable energy, examining Nigeria's energy landscape, the investments made in renewable energy within the country, and the promising future of renewable energy both globally and in Nigeria. By examining the trends, challenges, and opportunities within the energy sector, we can gain valuable insights into the transformative journey towards a sustainable and resilient energy future.
John Oldman
August 15, 2023
Energy
The FMCG Industry
Over the years, the fast-moving consumer goods (FMCG) industry has continued to witness growth, advancements and innovations. This report gives a pinpoint insight into the realities and current state of the FMCG industry globally and locally. It touches on the value chains and highlights the challenges, market size, major players and competition. It also contains a PESTEL analysis of the industry and looks at the threats, entry-to-market, future projections and outlook for the industry.
Lady Chacha
August 9, 2023
Economy
The Aviation Industry
According to the International Air Transportation Association (IATA), air transport significantly benefits the world economy by providing faster connection between cities, vital in enabling the economic flow of goods, investments and people who are key drivers of economic development. The International Civil Aviation Authority (ICAO) also reported that as of 2019, the number of flight passengers was approximately 4.5 billion. Again, in May 2023, Statista reported that the global market size of the aviation industry was estimated at around $844.14 billion. Read the report below to get all the information pertaining to this vital industry, including its sub-sectors, major players, threats and future projections.
Ariyike
July 25, 2023
Transportation
Nigeria's Cement Industry
Over the years, the Nigerian cement industry has grown significantly and plays a major role in the country's economic development. From schools to religious buildings to manufacturing plants to gigantic skyscrapers, cement remains a life wire for development. Dangote, Lafarge and Bua Cement have emerged as Nigeria's three major cement manufacturers and raked in a combined N2.35 trillion turnover in 2022. Read more to learn about the booming cement industry in Nigeria.
Lady Chacha
June 29, 2023
Real Estate and Construction
May Innovation Outlook
As we get closer to the end of the first half of the year, we come across more and more technological advancements and occurrences that are defining the lifestyles of individuals and businesses. This month, we took a closer look at concepts such as Sustainable technology, which represents a framework of solutions that increase the energy and efficiency of IT services, and enable enterprise sustainability. We also take a dive into the world of Industry cloud platforms, which are specialized cloud computing platforms designed to meet the unique needs of specific industries. What differences can these technologies make?
Abike
June 5, 2023
Technology
February Innovation Outlook
New Series! Unveiling Scientia's Monthly Innovation Outlook. Our first edition dives into ChatGPT and other AI tools transforming entire industries? Big Picture, Will AI take over the world? Coming in closer, can it help your bank and fintech products serve you better? What else is popping in AI? 5G and Virtual and Augmented Reality could be closer than ever? Which Bigtech company is about to reveal a new product? From 3D televisions to folding smartphones, February is shaping up to be a thrilling and exciting month for the techies. Click below to see Scientia's February Innovation Outlook.
Abike A.
January 31, 2023
Technology
Renewed Hope or Not? - A Summary of Bola Ahmed Tinubu’s Manifesto
Bola Ahmed Tinubu, the All Progressives Congress presidential candidate, recently released his manifesto titled "Renewed Hope 2023: Action Plan For A Better Nigeria". Is this 80-pager a measurable and practical plan, or just another long document with unachievable promises? Nigeria stands on the precipice of a critical election that will set its future course. One of the front runners in the 2023 February Elections, Tinubu, has revealed his plans should he get elected to become Nigeria's next president.
Abike A.
November 7, 2022
Politics
2022 Oil and Gas Industry Report
Global Industry Overview • 2022 Sector Outlook in Nigeria • Upstream, Mainstream & Downstream • Supply Challenges and Uncertainty • Policy Updates - Petroleum Industry Act (PIA).
Abike A.
July 22, 2022
Energy