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Columns

The IMF’s 2017 Nigeria Scorecard, By Uddin Ifeanyi

Worse, though, than the fear that the public sector may not optimise additional debt issues is the Fund’s claim that last year, the federal government’s interest payments-to-revenue ratio doubled to 66 percent. I must confess to having looked forward to the publication of details of IMF’s 2017 Article IV Consultation…
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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…
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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…
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Guest Columns

Madam Minister, Please Don’t Borrow $30 Billion For Our Unborn Children!, By ‘Tope Fasua

Nigeria has never borrowed more than $3 billion at once and we constantly get into trouble. How can we manage 10 times that? What has got into us now? Why is she seeking this jumbo loan with so much confidence? What has happened to the civil society and other right-thinking…
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Opinion

Eleven Actions Required For Speedy Economic Turnaround, By Atedo Peterside

Our economy is underperforming because, amongst other things, it is caught up in a low foreign exchange trap. Borrowing forex without instituting necessary and badly needed economic and structural reforms is akin to suicide. Those who are canvassing for more foreign debt simply because our debt/GDP ratio is low are…
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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…
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