Columns

Why I’m Not Celebrating the Naira’s Recovery, By Uddin Ifeanyi

In essence, nothing has changed. Managers of our economy have not learnt any lessons from the straitened circumstances we found ourselves in after the bottom fell out of the global oil market in 2014. Everywhere I went last week, talk was all about how the naira was making a remarkable…
See More »
[sc:"post loop ad"]
Columns

Making Sense of the National Economic Recovery and Growth Plan, By Uddin Ifeanyi

Whether, then, our goal is attaining a single digit inflation rate by 2020, or crude oil output of million barrels per day by the same year, the NERGP is credible only if we assume that somehow, managers of this economy will husband our resources differently (better, that is) over the…
See More »
Columns

Of Water Rights, Subsidies, and Clean Cars, By Uddin Ifeanyi

Across the rights (both access to and use of) are potential casus belli. Water is getting scarcer by the day, as the world’s population, and both its water hunger and waste grow. Recent conversations around how unwashed my vehicle sometimes appears underscored how, even amongst those who ought to know,…
See More »
Columns

A Toast To N700 To a Dollar By Year End, By Uddin Ifeanyi

Accordingly, she factors in a 23 percent movement (down) on the naira’s current exchange rate, which should see the currency close the year at about US$1:N650. Add other risk premiums, including a large one for left-handed monetary policy management and the naira could end the year at circa US$1:N700. The…
See More »
Columns

How Well Can We Use the New Monies We Are Borrowing?, By Uddin Ifeanyi

- Nigerian finance minister, Kemi Adeosun I do fear, though, that without the changes to the economy’s structure that address these constraints, these new debts simply create a new “peonage” (that was the old one-word description of the then Third World’s debt burden.) That Nigeria’s first foray into the international…
See More »
Columns

What Hope for the Economy’s Recovery this Year?, By Uddin Ifeanyi

... a lot of the hopes for the economy this year ride on the reflationary attribute of the 2016 appropriation bill. But a N7tn budget will push a N95tn economy only if the spending shows up in new capital being formed, and in higher levels of household spend. Speculation about…
See More »
Columns

Weak Tailwinds and a Sick Economy, By Uddin Ifeanyi

...none of the developments last week supported a sense of an impending correction of the poor policy prescriptions this year. If anything, the federal government’s sense of what must be done to address the naira’s exchange rate crisis only further exacerbates the fear over poor policies. News out of and…
See More »