Columns

The Naira’s Exchange Rate And Our Trade Numbers, By Uddin Ifeanyi

Prices are a useful signal of the direction the markets are heading. By keeping any price artificially low (or high), the authorities do not just distort market responses, they deny to themselves the chance to feel the pulse, in real time, of the economy. Not surprisingly, their preferred nostrums will…
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Columns

Of Strongmen, Public Holidays, Democracy’s Institutions, By Uddin Ifeanyi

President Buhari may have rectified a “historical wrong”. (The post-announcement debate is massively in support of this reading). But our democracy is stronger the more it relies on institutions rather than on the whims of hopefully well-intentioned leaders. Sometime in January 2013, The Gambia’s then president, Yahya Jammeh, lopped Friday…
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Columns

Agriculture: The Paradox of Rising Employment and Low Productivity, By Uddin Ifeanyi

Looking in through a different window, therefore, two things have happened on the back of the Buhari administration’s policy preferences. Yes, agriculture has hoovered up more of the available labour in the country. But it has done so at the cost of much lower productivity levels. It would seem that…
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Columns

Of Joseph, Middlemen, and Lucifer’s Spawns, By Uddin Ifeanyi

Without his hoarding/speculation, the Egyptians of his time would have wallowed in rivers of grain for seven years and died of famine over the next seven years. Ironic, then, that Joseph’s tale is renewed today as an example of the successes of one who found favour with God, while his…
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Columns

Malaysia’s Elections, Electoral Reforms, and Vote 2019, By Uddin Ifeanyi

One danger of the Buhari government’s failure to institute electoral reforms is that the 2019 vote could fail to give expression to the will of the people. An immediate consequence of any such failure is that the loss of legitimacy that will afflict any government beneficiary of a flawed elections…
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Columns

Currency Swap Between the PBoC and the CBN: Matters Arising, By Uddin Ifeanyi

Without the reforms that alter this balance, the CBN’s recent swap might simply end up as one of the many (eventually unpayable) debts ratcheted up by the Buhari administration. One which we would have to pay on maturity, without having worked to make it easy for the economy to meet.…
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Columns

Between Abia and Anambra States, and the Needs of their Youth, By Uddin Ifeanyi

I am not too sure of what to make of the tension between Abians and Anambrarians, which makes it so difficult (if not downright impossible) for two young Nigerians from both places to get married. But it was hard to disagree with his conclusion on the nature of our problems…
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Columns

Exorcising the Spirit of Indolence from Nigeria’s Youth, By Uddin Ifeanyi

...President Buhari’s most recent comment on the Nigerian economy is not all the stuff and nonsense that the large parts of the youth commentariat have made it out to be. If anything at all, were the president drops the ball is in his failure to see how his government’s policies…
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