Columns

Managing the Economy Out Of this New Crisis, By Uddin Ifeanyi

If, indeed, government’s policies on the economy were as competent as some sectors of the commentariat advertise, the FDI component of capital imported annually into the economy ought to be up and rising. Yes, in order to have invited more of this type of inflows, we would need to have…
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Columns

A Weakening Naira, Shrivelling Reserves, and Economic Saboteurs, By Uddin Ifeanyi

...a currency is useful only because it can be used to settle transactions, to account for a business’ performance, or as a store of value. Breach any of these and it is just a potpourri of mere paper and metal. The main threat to the naira today is that it…
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Columns

The Global Oil Market Sneezes and We Break Out In A Fever, By Uddin Ifeanyi

...we must remember that we remain this vulnerable to what is now a primordial threat to our economy, only because of our failure to implement policies that improve its resilience. “Every man for himself, and may the Devil take the hindmost!” That looks like the calling card Russia dropped at…
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Columns

De-risking Parts Of a Two-Tier Economy, By Uddin Ifeanyi

In the end, it is all bad economics. Markets and institutions ought to be as self-sustaining as possible. And the economy capable of plotting its courses without guidance from a nanny state. And where a nudge may be needed to right failures (market-based or otherwise), the beneficiaries, the gains to…
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Columns

From “Comrade” to “Come Raid”, By Uddin Ifeanyi

Forward back in time. And that news report was of one of the more intellectually exciting of that gang. And his metamorphosis but a metaphor for the journey most of me fellow travellers have completed over the last thirty years. From passionate “comrade” to vicious “come raid” proponents, nearly all…
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Columns

On the Partial Ban On “Okadas” and Motorised Rickshaws In Lagos State, By Uddin Ifeanyi

Conceptually, the conversation around the ban involves another error. The “masses” – on behalf of which this culture war is presently waged – are nought but a convenient stalking horse. Always argued as if the concept were a blank canvas, it allows different agglomerations of interests to project unto it…
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Columns

To What End the Central Bank’s New Cash Reserve Ratio?, By Uddin Ifeanyi

If squeezing economic balloons to address the build up of flatulence in certain parts of it is nearly always as unrewarding as when one tries to do the same with a latex balloon, there are few sights as ugly as when policy making begins to look as unsightly as a…
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Columns

Rethinking Monetary Policy, By Uddin Ifeanyi

How much of the conversation, going forward, will benefit from the fact that the deputy governor nominee is uncommonly qualified for the function? For too long the banking sub-sector of the financial services landscape has been tapped for central bank talent. The recent nomination of a new deputy governor-designate for…
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