Columns

Concerning The Myth Of The Efficiency Of Nigeria Inc., By Uddin Ifeanyi

...the truth is that much of what passes for success in the private sector in Nigeria today is the result not so much of improvements in productivity, innovation, or creativity, nor of increases in the amount of capital each worker has available (and can use); but because of an incestuous…
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Columns

Outside Insiders, Policy Flip-flops, And Oracles, By Uddin Ifeanyi

Understandably, for most Nigerian companies, rather than go through the toilsome process of organising those elaborate year-end strategy sessions, where no sooner has the ink dried on the resulting strategy document than the operating environment changes radically, a better route to sustainable market presence is to strengthen their regulatory affairs…
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Columns

On The CBN’s New Policy Thrust, By Uddin Ifeanyi

Nonetheless, by so barefacedly usurping the fiscal side of government business, the CBN has unwittingly added to the confusion around policy. Especially, in a way that, over the years, has seen most businesses interested in the Nigerian economy prefer to keep their gunpowder dry. Since 1960, successive Nigerian governments (except…
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Columns

Understanding Nigeria’s Monetary Policy, By Uddin Ifeanyi

...whereas it mattered that the Central Bank governor did not wait to coordinate his fiscal policy direction with the finance minister, the danger that his depiction of the CBN’s monetary policy trajectory is ex parte, as it were, is a much worrisome one. Five years ago, on resuming his first…
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Columns

Preventing Governments and Industry Captains From Sharing Beds, By Uddin Ifeanyi

Effete governments demand blind obedience from civil society – including the markets. Accordingly, emasculated captains of industry prostrate themselves in the corridors of government – reinforcing the latter’s strong and strangulating hold on the economy. The challenge before the rest of us remains how to finally break this cycle at…
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Columns

Moses, the Übermensch, and Populist Leaders, By Uddin Ifeanyi

In truth, there’s more to the concept of leadership than the populist narrative lets on. Especially in conditions as straitened as ours, the challenge before the “leader” is much more burdensome. True, there is a Mosaic quality to the kind of leadership that our economy needs at this time. But…
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