Opinion

It’s About Time Nigeria Resolves Its Monetary Policy Conundrums, By Ayo Teriba

Soludo’s style of mopping up public deposits from banks with excess liquidity is indeed equivalent to a selective cash reserve requirement regime in which the hammer falls only on the banks that are likely to destabilise the system with excess liquidity. Some variants of that approach is needed to demolish…
See More »
[sc:"post loop ad"]
Opinion

The Central Bank Governor’s Failing Score Card, By Femi Akinfolarin

...the CBN governor’s score card is one of failed monetary policy, racing inflation, massive fall in the value of the naira (which could have been staunched by now), collapse of the manufacturing sector and weakening of banks. His principal needs to understand and appreciate that this legacy is shared by…
See More »
Opinion

Averting an Economic Meltdown Through the Right Type of Asset Sales, By Atedo Peterside

That brings me to asset sales. If these are done strategically, they can constitute a triple boost to a flagging economy. They can: (1) bring in forex; (2) improve efficiency; and (3) reduce the drain on existing resources which some FGN assets/investments presently constitute. Call this my three-way test. In…
See More »
Guest Columns

Ping-Pong Tournaments Between Fiscalists and Monetarists, By ‘Tope Fasua

Anyone that suggests that this economy will pull out of this morass first by reducing interest rates, so that people can borrow more, and hopefully employ more, and build big businesses, and then pay taxes, before we all have a taste of nirvana, does not love this country. What we…
See More »
Opinion

Rationale and Solutions to High Interest Rates In Nigeria, By Toni Oki

...it is important to reiterate that Nigeria’s high interest regime reflects not only the cost of capital but also the cost of doing business in the country. Therefore, in order for Nigerians to begin to see a systematic drop in lending rates, the government must tackle the aspects of lending…
See More »
Columns

How Do We Solve A Problem Like The CBN?, By Uddin Ifeanyi

...the rational response to rising prices is either front-load spending (driving prices up further), or look for safe haven assets (like the dollar). Both responses put further downward pressure on the naira. Why not, therefore, seek to strengthen the naira as a store of value, even as we free the…
See More »
Columns

The Economy, Any Path Out Of The Woods?, By Uddin Ifeanyi

...government’s recent action around petrol prices presents conceptual difficulties all of its own. We are basically invited to understand the difference between one who goes down a path out of desperation, because other (preferred) options have been explored and found to be useless, and one who goes down of his/her…
See More »
12