Columns

There’s a Dialectic To Regression, By Uddin Ifeanyi

...if the tension between an ill-bred people and its poor leadership will not result in a new qualitatively higher state for Nigeria, is there a reason why the currently flawed qualitative state prevalent in the country today may not resolve itself into its lower quantitative tendencies? SARS-CoV-2, the virus behind…
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Columns

Nigeria’s Worsening Finances, and the Untravelled Reform Path, By Uddin Ifeanyi

...the challenge before domestic economic performance, going forward, will about how we structure domestic incentives ― the obvious preference being for policies that are sector-neutral. And how we communicate these incentives ― preferably transparently, and via markets that function better than what we have at present. The numbers released, last…
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Columns

Flattening the Curve Of Our Economy’s Ailment, By Uddin Ifeanyi

Time now to build an economy worth that name. Not the autarkic construct that seems currently to be preferred by our policy makers – we have North Korea’s example as potent argument against this path. But one that leans heavily on the most important resource that the Nigerian nation has…
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Columns

The Central Bank’s Benchmark Rate and the Rest of the Economy, By Uddin Ifeanyi

Despite the country’s large debt profile, the oil and gas sector remains a big driver of economic output. Until government demonstrates that it can more efficiently use domestic resources, ought we to continue policies that evacuate the citizens’ pockets in order to keep a profligate government supplied? The decision, last…
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Columns

A Vaccine, a Seat Across From the IMF, and the Economy, By Uddin Ifeanyi

Effective policy responses will matter. But an autarkic mindset, a staple of our policy pronouncements to date, will hurt. Either way, neither offers a useful answer to the question: “How long, therefore, before we are again across the table from the IMF?” However this question is answered, one fact is…
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Columns

The New Autarky And New Conditions Of Poverty, By Uddin Ifeanyi

A world in which every country compounded its own medicines and manufactured its own phones would evidently delight nativists and nationalists the world over. But it would equally disadvantage countries without an industrial base. They would not only be the source of the world’s new poor. They would just as…
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Columns

How Not To Prevent Businesses From Furloughing Staff, By Uddin Ifeanyi

In a sense, the CBN has not strayed too far from this path. The snag is just that the non-inclusion of a sun-set clause in its communication on the ban on banks’ firing their staff will make for an unwieldy policy environment post-pandemic. When, recently, footage of the chief executive…
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