Columns

The Central Bank’s Benchmark Rate and the Rest of the Economy, By Uddin Ifeanyi

Despite the country’s large debt profile, the oil and gas sector remains a big driver of economic output. Until government demonstrates that it can more efficiently use domestic resources, ought we to continue policies that evacuate the citizens’ pockets in order to keep a profligate government supplied? The decision, last…
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Columns

The CBN Drops Its Benchmark Rate By 50bps, And So What?, By Uddin Ifeanyi

...for an economy in the dire straits that ours is in, and in need of all the help it can get, opacity in its management is a borderline crime. Not just does it make planning by domestic entities impossible. It conceals the lack of competence of managers of the economy…
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Opinion

Engaging CBN’s Recent Monetary Policy Considerations, By Temitope Laniran

...it can be argued that maintaining an expensive naira by the MPC through till the elections, bearing in mind the usual increase in liquidity that often leads up to elections, was a quite reasonable decision, however with the current trends and turn of events in the post-election period, a reduction…
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Opinion

Can Nigeria Ever Achieve Single-Digit Lending Rates?, By ‘Tope Fasua

...it is far better – and more reasonable and feasible – to achieve a 15 percent growth of the overall economy year on year, while living with double digit interest rates and double-digit inflation. That is what we should be targeting for now. There are too many sectors of the…
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Guest Columns

Ping-Pong Tournaments Between Fiscalists and Monetarists, By ‘Tope Fasua

Anyone that suggests that this economy will pull out of this morass first by reducing interest rates, so that people can borrow more, and hopefully employ more, and build big businesses, and then pay taxes, before we all have a taste of nirvana, does not love this country. What we…
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Opinion

Time To Ignore IMF’s Unsolicited Advice, By Odilim Enwegbara

...government should make sure that fiscal and monetary policymakers are working together to promote a sustainable inward-looking economy, which in promoting real sector firms along with imposition of an all-encompassing local content regime, should be rolling out millions of jobs. This cannot be more timely. Western governments always pursue Keynesian…
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Opinion

How Banks Are Ripping Off Nigerians… And What We Can Do About It, By ‘Tope Fasua

Apparently, with recent changes that removed some of the old avenues for profiteering, the banks declared war on their customers, and this led to the call for boycott. But I insist that we were looking in the wrong direction. The spread is where the problem is. That is not to…
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