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The Dekulakisation of the Nigerian Economy, By Uddin Ifeanyi

Put simply, under the incumbent administration, the odds of economic reforms being implemented that lift significant numbers of our poor out of poverty as did Deng Xiaoping's 1978 reforms in China are considerably shorter than the chances of policies of dekulakisation that were implemented under Chairman Mao in the forty…
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Reappraising Economics From First Principles, By Uddin Ifeanyi

That the North Koreans are failing in this endeavour is small bear. Nor does it matter that the economy might be better served pursuing policies that improve its competitiveness, rather than seeking to circle the laager as competing economies move up the production possibility frontier. Need we be reminded that…
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Monetary Policy and Barriers To Doing Business, By Uddin Ifeanyi

...stronger market/private sector response functions will render unnecessary much of the bolshiness from the current management of domestic monetary conditions. My first reaction to the fusillade of circulars last week, as the Central Bank of Nigeria (CBN) sought to deny parts of the economy access to its open market operations,…
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Banks, the CBN, and Fiscal Reforms, By Uddin Ifeanyi

Currently, the biggest charge before banks is their reluctance to lend. They seem minded to dump their funds in fixed income government securities, where they make a huge killing, rather than lend to businesses without which the economy stagnates. The unanswered question, here, is why banks’ indifference the current peculiar…
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59 Years Of Independence: Of Flag, But Not Thought, By Uddin Ifeanyi

Politics everywhere is a tribal affair. But for far too long, its domestic variant has been dangerously so. To transcend these divides, and open new vistas of opportunity to our people, is the task that we must carry out over the next 30 years. Unfortunately, it is one that our…
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What Shall We Tell The President About The Economy?, By Uddin Ifeanyi

Evidently, the economy’s reset button begs for pressing action. And whatever government decides to do, the people will hurt. Freeing an entrepreneurial spirit that our nationals so obviously have, by giving the markets more prominence will hurt far less. And thankfully, technology and new identity management schemes make it easier…
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Competing Public Narratives V. Co-optation By The Current One, By Uddin Ifeanyi

Even in the face of years of co-optation by a venal state, of some of the best minds out of civil society, folks still insist that it is better to serve incompetent governments from “inside” than to (painfully) develop both a new public narrative and the structures that will aid…
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Xenophobia, Economic Downturns, and Social Envy, By Uddin Ifeanyi

If we judge the rectitude of policies by their outcomes and not by how well-intended they were, there is no doubt that the ZANU-PF’s command-and-control policies ruined that beautiful country. Context, then, within which to appraise the decision by the ruling All Progressives Congress in Nigeria that the solution to…
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