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Saving Nigeria: Integrity Vs. Competence, By Uddin Ifeanyi

...it will matter that we understand both the dynamics of our economy, the dynamics of the changing global economy, and how both interface if the resulting disruption is not to challenge everything this country has stood As this process gathers momentum, it will help that those who are saddled with…
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The Short-Term Pains and Long-Term Gains of Nigeria’s “Great Leap Forward”, By Uddin Ifeanyi

Still, it is not all doom and gloom. We however take solace in the fact that while the Great Leap Forward resulted in famines that killed off tens of millions of Chinese peasants between 1959 and 1961, China’s eventual embrace of market reforms in 1979 saw it help more than…
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Our Elite and a Path Previously Taken, By Uddin Ifeanyi

That experiment didn’t end quite well. Domestic prices just wouldn’t cooperate with the government of the day. Not even a barter system that sought to swap domestic crude production for imported “essential commodities” moved the economy’s growth needle. Neither did a change in the currency, which as usual was advertised…
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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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Columns

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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