Opinion

Naira and the Floating Regime, By Paul Alaje

We must make deliberate policies to support agriculture, SMEs, ICT, innovation etc. And, we must carefully adopt import substitution policies to reduce foreign consumption. Thus, we would reduce pressure on our dollar demands, while the naira demands remain steady. This week begins with a new order in our currency regime.…
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Opinion

Fix the Fuel Supply Problem; Don’t Dump It On Nigerians, By Moses E. Ochonu

Deregulation is only a short term, knee-jerk half-solution. The real, permanent solution for providing affordable petrol to Nigerians is to revamp our domestic refining capacity so that 100 percent of Nigerian fuel consumption is supplied from domestic refineries, as used to be the case. Unlike in the past, this will…
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Guest Columns

All Stick, No Carrot: The Morning After Buhari’s Petrol ‘Deregulation’, By ‘Tope Fasua

...it is evident that the closer one is to government the less possible it is to see reality and feel the people’s pulse. The ordering of policies – however necessary they are – is a bit reckless. A carrot-and-stick policy should have some carrots. Where are the carrots here? All…
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Opinion

Economic Pragmatism: Government Must Let the Markets Work, By Olu Akanmu

...a fiscally constrained government, such as we have, cannot afford to distort markets in area where they are potentially efficient and create inefficiencies by its commission or omission. The social cost of such market distortions is high on society, the economy and general public Buhari embrace real economic pragmatism and…
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Opinion

The Need for a New Blueprint for Nigeria’s Agricultural Sector, By Fred Adetiba

When we have a comprehensive blueprint as described, detailing enabling policies and regulations, this should be properly made available to the public. It would guide all who are interested in the different areas in the entire production process, which they might consider investing in, while boosting the mechanisation of agriculture,…
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Opinion

Explaining Ongoing Naira Volatility, By ‘Tope Fasua

The people need good information if the government wants to manage the forex rate. Information – bad information – drove the naira down recently. Good information can win it back. This information does not have to be accurate. Just enough information to get the people behind government’s vision for the…
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Columns

CBN Independence, A Recipe for Paralysis?, By Uddin Ifeanyi

There is, incidentally, the small question (asked of me, last week, by a friend) of “why an ‘independent’ central bank needs to convince anyone but itself”? To ask that the CBN convince its “stakeholders” (the whole economy, if you ask me) of the desirability of any policy change before it…
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