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Columns

The CBN Drops Its Benchmark Rate By 50bps, And So What?, By Uddin Ifeanyi

...for an economy in the dire straits that ours is in, and in need of all the help it can get, opacity in its management is a borderline crime. Not just does it make planning by domestic entities impossible. It conceals the lack of competence of managers of the economy…
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Columns

Lessons From The Last General Elections, By Uddin Ifeanyi

One of the many unsavoury conclusions from the last general elections describes how little is the progress we have made since our last collective visit to the polls. In 2015, card readers were simultaneously the “killer application”, designed to take our democracy to the next level and the bête noire…
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Columns

Could We Reform The Retail End Of The Power Sector?, By Uddin Ifeanyi

It would matter a lot what financial engineering schemes would be included in the reforms to address this problem — short of declaring the distribution companies bankrupt and inviting new bids for their asset. But by far the most important aspect of any reform to the sector, given its impact…
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Columns

How I Celebrated This Year’s Women’s Day, By Uddin Ifeanyi

...isn’t the conversation about women about a different sort of power? The rights of the girl child, for instance? And her power over her own body — so that she’s not forced into early marriage, nor threatened by the stigma from medical complications often associated with this. How much of…
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Columns

Buhari: Another Four Years of Same-Type Economic Stewardship?, By Uddin Ifeanyi

...in the last four years, discussions around options for the Nigerian economy have come up hard against the almost Soviet socialist predilections of President Buhari. In this context, it is hard to insist that over the next four years, the central task of boosting domestic productivity would be best achieved…
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Columns

Do We Need A Sovereign Wealth Fund?, By Uddin Ifeanyi

As we enter a new electoral cycle, our need to save off a transgenerational (wasting) asset (our crude oil exports) is as urgent as the requirement to break away from the procyclical spending patterns that have been responsible for our severe economic troughs and peak over the years. 1Malaysia Development…
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Columns

How Well Did We Do, Last Year?, By Uddin Ifeanyi

Unfortunately, over the years, the federal government’s guidance on the economy’s outlook has diverged from eventual outcomes in ways that have turned the former into an exercise in creative writing. The eventual outcome, as in the numbers for last year’s budget, is not so much stranger than fiction. But undiluted…
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Columns

Rising Inequalities, Monetary Policy, and Social Cohesion, By Uddin Ifeanyi

...as a friend argued recently, “as income inequality rises, then, the challenges around social cohesion rise”. Across vast swathes of the country, this ugly dynamic is playing out at great cost in lost lives, property, and income-earning opportunities. That the central bank may be adding faggot to this fire ought…
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