Columns

Rising Inequalities, Monetary Policy, and Social Cohesion, By Uddin Ifeanyi

...as a friend argued recently, “as income inequality rises, then, the challenges around social cohesion rise”. Across vast swathes of the country, this ugly dynamic is playing out at great cost in lost lives, property, and income-earning opportunities. That the central bank may be adding faggot to this fire ought…
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Opinion

Nigeria: Sale of Asset As Dangerous Policy Myopia?, By Chukwuma Charles Soludo

The argument that sale of asset is the only way to reflate the economy out of recession is troubling, and suffers what economists might call policy myopia or time inconsistency if we auction away some valued national assets for the short term goal of reflating the economy out of recession,…
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Columns

CBN Independence, A Recipe for Paralysis?, By Uddin Ifeanyi

There is, incidentally, the small question (asked of me, last week, by a friend) of “why an ‘independent’ central bank needs to convince anyone but itself”? To ask that the CBN convince its “stakeholders” (the whole economy, if you ask me) of the desirability of any policy change before it…
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Columns

Monetary Policy, the Naira, and Banks’ Reserves, By Ifeanyi Uddin

Arguably, the biggest of the tasks facing the apex bank in the near-term is, in the MPC's words, that of protecting "the reserve buffer to safeguard the value of the domestic currency and engender overall stability of the banking system". Unfortunately, the MPC's response to this is to open a…
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