Dealing With Nigeria’s Changing Operating Environment, By Uddin Ifeanyi
...there are really few options to investing in a workforce that is both nimble and agile. Not many may yet call global points of inflection. So its current challenge is to have a population and an infrastructure base that can turn on a kobo as it responds to changes in…
Concerning The Myth Of The Efficiency Of Nigeria Inc., By Uddin Ifeanyi
...the truth is that much of what passes for success in the private sector in Nigeria today is the result not so much of improvements in productivity, innovation, or creativity, nor of increases in the amount of capital each worker has available (and can use); but because of an incestuous…
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Outside Insiders, Policy Flip-flops, And Oracles, By Uddin Ifeanyi
Understandably, for most Nigerian companies, rather than go through the toilsome process of organising those elaborate year-end strategy sessions, where no sooner has the ink dried on the resulting strategy document than the operating environment changes radically, a better route to sustainable market presence is to strengthen their regulatory affairs…
The Chief, Justice, and Merit, By Uddin Ifeanyi
Deep down, the debate over the performance of the chief justice at his confirmation hearing is part of a long-running national conversation about why we need to drive this economy by merit, and how to do it right. The questions that this latter debate has thrown up and our failure…
Still On The Economy, By Uddin Ifeanyi
At an annual growth rate of about 2 per cent, there can be no question but that the engine of the Nigerian economy labours and is heavy laden, to little fruition. There’s of course, no doubting how poorly it would fare were it invited to travel uphill soon (for instance,…
On The CBN’s New Policy Thrust, By Uddin Ifeanyi
Nonetheless, by so barefacedly usurping the fiscal side of government business, the CBN has unwittingly added to the confusion around policy. Especially, in a way that, over the years, has seen most businesses interested in the Nigerian economy prefer to keep their gunpowder dry. Since 1960, successive Nigerian governments (except…
Understanding Nigeria’s Monetary Policy, By Uddin Ifeanyi
...whereas it mattered that the Central Bank governor did not wait to coordinate his fiscal policy direction with the finance minister, the danger that his depiction of the CBN’s monetary policy trajectory is ex parte, as it were, is a much worrisome one. Five years ago, on resuming his first…
Preventing Governments and Industry Captains From Sharing Beds, By Uddin Ifeanyi
Effete governments demand blind obedience from civil society – including the markets. Accordingly, emasculated captains of industry prostrate themselves in the corridors of government – reinforcing the latter’s strong and strangulating hold on the economy. The challenge before the rest of us remains how to finally break this cycle at…
Myths and Exceptionalism, By Uddin Ifeanyi
...a society is not destroyed by the myths it thrives on, only when the myth-makers understand what they are doing. When, however, myth-makers begin to use up their own myths, society starts to unravel. Myths and feelings of exceptionalism have a chicken-and-egg quality to them. Nearly always, both of these…
Deregulation: Back To Fundamentals, By Uddin Ifeanyi
...the question posed by the demand to deregulate the state for each community is: “What mix of the ‘state’ and ‘market’ are you willing to tolerate?” Better still, this question breaks down into a much simpler one: “What mix of the state and market is each community able to pay…
