Thinking Through Governments and the Challenges of Development, By Uddin Ifeanyi
Even if we may leverage new cutting-edge technologies to answer our local problems, we still would have to invest in infrastructure that supports the deployment of these technologies. And, then, proceed to structure domestic incentives in support of merit. We would, in other words, still require decent governments. There is…
Budget 2018, How Well Are We Doing?, By Uddin Ifeanyi
But, nearly always, a Panglossian outlook means that our budgets will be underachieved annually. And in the present case, just about every revenue line fell short of expectations in the January-August period. That the Buhari government hasn’t changed much about the fiscal structure of the economy is, thus, not in…
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Making Nonsense of the Monetary Transmission Mechanism, By Uddin Ifeanyi
...despite the “neutral” tone of the communique from its last meeting, the CBN has tightened domestic monetary conditions since its policy committee since While the CBN may, thus, placate sections of the Nigerian public who describe these processes in nationalist terms, it is doing grave damage to the monetary policy…
Nigerian Banks: A Pro-People Agenda, By Uddin Ifeanyi
...after more than a century-and-a-quarter of banking in the country, and the failure of banks to reach the poor and vulnerable, it might help to interrogate these relationships differently. Two initiatives of the Central Bank of Nigeria (CBN), last month, underlined the fundamental difficulties confronting financial services institutions in the…
Q2-2018 Trade Numbers and Nigeria’s 2019 Outlook, By Uddin Ifeanyi
Could the Buhari administration be achieving more in driving non-oil output than its detractors are willing to concede? Or how else could manufacturing have put in such a decent shift? And could those who argue for a market-determined exchange rate, if the economy is to become competitive, be right after…
On the New National Minimum Wage, By Uddin Ifeanyi
...the rate of increase in the reward to labour suggested by the proposed minimum wage is clearly higher than the growth in domestic productivity. So, it is fair to assume that without improvements to the economy’s use of capital new wage will hurt the economy’s competitiveness. After a fashion, the…
2019: Why the Applecart Needs To be Upturned Again?, By Uddin Ifeanyi
In kicking out the current national leadership, we may not get the vote right next year (as we obviously failed to do in 2015). But Nigeria deserves a healthier, more knowledgeable, and more inclusive leader if we are really to make a decent fist of governance in our rapidly-changing and…
Amazon, the General Post Office, and Sundry Inefficiencies (2), By Uddin Ifeanyi
It did not help that commentators on my social media handles did not find anything amiss with Nipost’s service delivery standards. Quite a few had even scarier accounts of their encounter with the local postal service. Still less reassuring was the point that “service” is not a concept native to…
Amazon, the General Post Office, and Sundry Inefficiencies, By Uddin Ifeanyi
...we cannot continue to hold off the digitisation of work platforms here simply because they could lead to the loss of employment at certain levels. Inefficiency of the sort that I have been exposed to looking for these books carries a far greater threat to the long-term health of our…
Politics and Today’s Meeting of the MPC, By Uddin Ifeanyi
It is difficult to see how the CBN’s Monetary Policy Committee (MPC) can continue to hold out against an interest rate hike. If not at this week’s meeting, then very soon, the CBN’s benchmark rate must go up, or (as its the CBN’s wont) find less than market-based ways to…
