Economy

The Business of Policy Making, By Ifeanyi Uddin

Last week, the federal government upped the policy ante. In the wake of the recent launch of a national automotive policy, its inauguration of the Nigeria Industrial Revolution Plan and the National Enterprise Development Programme is nothing if not ambitious. According to one newspaper report, “both programmes, initiated and spearheaded…
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Economy

Accounting For Crude Oil Sales and Revenues, By Ifeanyi Uddin

Why does it matter that the governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has indicated accounting sleights of hand at the Nigerian National Petroleum Corporation (NNPC)? Or that shenanigans in and around Nigeria's proverbial golden egg-laying goose may be responsible for the federal budget’s recent (and…
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Economy

The MPC’s Effect On The Domestic Balloon, By Ifeanyi Uddin

At its first meeting this year, held Monday last week in Abuja, the Central Bank of Nigeria’s rate-setting committee (the Monetary Policy Committee — MPC) opted to tighten monetary policy. Reflecting on this decision, I am still not sure which is the more surprising of the committee’s decision: the MPC’s…
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