Columns

When Pagans Play the Ostrich, By Uddin Ifeanyi

Objectively, there isn’t much difference, here, between this conceit of wishing positive outcomes into play and the more familiar cop-out known as “playing the ostrich”. Either way, the problem doesn’t go away. I’d wager that in nearly all cases, the vulnerabilities are exacerbated by being ignored in this way. Infrequently,…
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2019, the Global Economy, Oil Prices, and Nigeria, By Uddin Ifeanyi

...the global economy may tank next year, but a more resilient oil market may shield us from much of the impact. Which is all for the better. For, given how addicted to oil export earnings the domestic economy is, full pass through from shrinking global output would hurt so much!…
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Culture and Our Relatively High Business Mortality Rate, By Uddin Ifeanyi

There’s no question, but that the environment in which small businesses have had to operate in the country is a very difficult one. The shorthand description for this difficulty is a single word: “cost”. High enough to make these businesses uncompetitive domestically, even before cheaper imports are thrown into the…
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Of Our Social Media and the Culture of Abusive Speeches and Writings, By Uddin Ifeanyi

...if we are to move this country as far as most of us would like to take it, then the debates that matter in the design and implementation of policy would have to be conducted by, and amongst, folks who prioritise evidence. And who in the face of superior arguments…
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Thinking Through Governments and the Challenges of Development, By Uddin Ifeanyi

Even if we may leverage new cutting-edge technologies to answer our local problems, we still would have to invest in infrastructure that supports the deployment of these technologies. And, then, proceed to structure domestic incentives in support of merit. We would, in other words, still require decent governments. There is…
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Budget 2018, How Well Are We Doing?, By Uddin Ifeanyi

But, nearly always, a Panglossian outlook means that our budgets will be underachieved annually. And in the present case, just about every revenue line fell short of expectations in the January-August period. That the Buhari government hasn’t changed much about the fiscal structure of the economy is, thus, not in…
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Making Nonsense of the Monetary Transmission Mechanism, By Uddin Ifeanyi

...despite the “neutral” tone of the communique from its last meeting, the CBN has tightened domestic monetary conditions since its policy committee since While the CBN may, thus, placate sections of the Nigerian public who describe these processes in nationalist terms, it is doing grave damage to the monetary policy…
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Nigerian Banks: A Pro-People Agenda, By Uddin Ifeanyi

...after more than a century-and-a-quarter of banking in the country, and the failure of banks to reach the poor and vulnerable, it might help to interrogate these relationships differently. Two initiatives of the Central Bank of Nigeria (CBN), last month, underlined the fundamental difficulties confronting financial services institutions in the…
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