Columns

The Economics of the Planned Ban on the Consumption of “Ponmo,” By Ifeanyi Uddin

A clear trend is emerging in the thinking around the best way to manage our economy. It is unashamedly mercantilist. In response to the question, "How do we accelerate domestic economic  growth?", the Jonathan administration conflates two ordinarily separate lines of thought on the issues facing the economy, confusing an…
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Columns

Should Alarm Bells Be Ringing For The Economy? By Ifeanyi Uddin

One of the more risible aspects of the recent re-basing of domestic economic output numbers was the attempt by pro-Jonathan administration types to pass the higher GDP numbers, which emerged, from the exercise, off as the result of the incumbent administration’s “transformation” efforts. Politics may have played a part in…
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Columns

Leaders Worthy In Character and In Learning, By Ifeanyi Uddin

Part of the mystique of the events leading up to and succeeding the annulled presidential elections held June 12 1993, was the unusual succession of moments of truth associated with the people, processes, and events involved with that now infamous episode in our annals. My favourite such moment occurred during…
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Economy

Of Miracles And Miracle Compounds, By Ifeanyi Uddin

The most recent outbreak of the Ebola haemorrhagic fever has had a most chilling effect. Unlike previous such outbreaks in isolated parts of Africa, where high case fatality rates and relative inaccessibility meant fewer deaths, this one appears to be riding on the back of the globalisation train. From its…
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Columns

Who is Afraid of Low Interest Rates? By Ifeanyi Uddin

In favour of “low” interest rates, there is basically only one argument. The interest rates regime (adjusted for associated risks, including, inflation) in any economy, indicate to potential investors how much they may earn on their investments. Ideally, in a properly functioning economy, few arbitrage opportunities should exist, and so…
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Economy

Monetary Policy in the New Abnormal, Uddin Ifeanyi

The Monetary Policy Committee (MPC) — the Central Bank of Nigeria's (CBN) rate-setting committee — meets today (and tomorrow) under a new governor. Sanusi Lamido Sanusi, the former governor, had worked so hard to burnish the central bank's inflation-fighting credentials, and strengthen domestic financial stability, such that his successor was…
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