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…
On Mrs. Adeosun’s Resignation, By Uddin Ifeanyi
...the circumstances of this case are not consistent with the thrust of the minister’s resignation letter. And nearly always, the absence of remorse is requisite for attaching punitive conditions to infractions of the law. In this case the requirements of justice go way beyond a need for restitution and propriety.…
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Our Private Sector, and How To Fix It, By Uddin Ifeanyi
...anyone familiar with the private sector in Nigeria cannot but notice how so like the bigger economy it is. It is a very corrupt place. Which, truth to tell, is not a Nigerian failing. For the whole point of a robust public sector is the ability to enforce standards for…
Q2, 2018 GDP Numbers: Tales Of The Expected?, By Uddin Ifeanyi
One thing is clear, well into the twilight of the Buhari administration’s first four-year term, old problems remain with the economy. Fifteen months into our economic recovery, momentum is still under-powered. With the population growing at around 3 per cent annually, domestic output growth needs to rise by much more…
The Nigerian Consumer: Between Regulation and Competition, By Uddin Ifeanyi
I would wager that the main lesson, especially when we erect regulatory functions in opposition to free enterprise, is the danger that our regulators may begin to substitute their own consciousness for the consumers’. In Nigeria, the ideas cycle runs through a ten-year loop. To describe this process differently, every…
“It’s The Economy, Stupid!”, By Uddin Ifeanyi
...if politics is understood as doing and thinking all that it takes to influence government policies, then, no policy prescriptions matter more, currently, than how to ring-fence the economy against the threatening headwinds, while improving resilience across all its different sectors. One of the more interesting lines in our domestic…
Which Matters Most: The Way The Police Writes Or Thinks?, By Uddin Ifeanyi
...our need is for a rules-based system with an incentive structure that drives cutting edge performance. It is the only way we can promote and sustain productivity-enhancing reforms to the polity. It is, also, the only way that the structure which put out the police’s statement on the DSS/National Assembly…
Why I Am Unable To Defect, By Uddin Ifeanyi
It matters therefore that we ask the question: “Are our political leaders’ actions and expressions sufficiently capturing sentiments in their political constituencies?” The sub-themes to this question should have us wonder whether our politicos should be shaping these sentiments, or how much should these sentiments shape both our politicos’ In…
Farmers, Herders, Policemen, Lawyers, and Judges, By Uddin Ifeanyi
But how easy is it for a country to address these strategic challenges that otherwise has balked at carrying out the more quotidian reforms to its criminal justice system — especially given that without a half decent police force and law courts, we cannot address the examples of impunity that…
The Main Obstacle To Nigeria’s Development, By Uddin Ifeanyi
Against the backdrop provided by what the “gig economy” is doing elsewhere, the bigger threat to our country could be described in terms of the dearth of innovative capacity that numbers this miserly portend. There is a consensus around how the oil economy was responsible for, and has continued to…
