A Vaccine, a Seat Across From the IMF, and the Economy, By Uddin Ifeanyi
Effective policy responses will matter. But an autarkic mindset, a staple of our policy pronouncements to date, will hurt. Either way, neither offers a useful answer to the question: “How long, therefore, before we are again across the table from the IMF?” However this question is answered, one fact is…
The New Autarky And New Conditions Of Poverty, By Uddin Ifeanyi
A world in which every country compounded its own medicines and manufactured its own phones would evidently delight nativists and nationalists the world over. But it would equally disadvantage countries without an industrial base. They would not only be the source of the world’s new poor. They would just as…
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How Not To Prevent Businesses From Furloughing Staff, By Uddin Ifeanyi
In a sense, the CBN has not strayed too far from this path. The snag is just that the non-inclusion of a sun-set clause in its communication on the ban on banks’ firing their staff will make for an unwieldy policy environment post-pandemic. When, recently, footage of the chief executive…
When The Old Time Religion Fails, By Uddin Ifeanyi
If history teaches anything, it is that in our present conditions, the toll from a second wave of infections will hurt more than that from the first one. Votaries of even a religion as secular as that to which our elite belong might find this prospect attractive. As cleansing of…
The Post-COVID-19 Economy: What Is To Be Done?, By Uddin Ifeanyi
We will need to do more by way of reforms if our economy is to live up to our sundry aspirations for it. For instance, we do not even know how many businesses have been bankrupted by the recent lockdown. How many employees have lost their jobs?... Simply by having…
COVID-19 and Pre-existing Economic Vulnerabilities, By Uddin Ifeanyi
As with persons described as most vulnerable to the Nigerian economy laboured under a raft of pre-existing conditions before the pandemic took hold. Large cargoes of our premium blend crude oil were roaming the seas in search of So, not only were our fiscal numbers already compromised, accretions to the…
Workers of the World, Congregate!, By Uddin Ifeanyi
- Online workspace through Teams software If business was going to change radically post-COVID-19, this management genus is going to be the driving force. So, what did he think about the consultant’s concerns? Gregarious to a fault, he was sure that the only thing that made working from home currently…
How This Pandemic Is Changing Everything, By Uddin Ifeanyi
Currently, the harmful side-effects of the coronavirus have had the most immediate showing in the loss to businesses. Airlines, the hospitality and retail sectors largely have seen their custom evaporate. Governments may be trying to lockdown bankruptcies. COVID-19 has taken a severe toll. Deaths? Yes. And across the globe. “Older…
COVID-19 and The Tasks Before Managers Of Our Economy, By Uddin Ifeanyi
In the best of all possible worlds, Nigeria’s easiest route out of this crisis would be the kind and level of spending that boosts a recovery in the global market for crude oil. It's not just that we do not have kind of money. We never had that level of…
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…
