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…
See More »
[sc:"post loop ad"]
Columns

On Today’s Meeting of the MPC; and the CBN’s Thought Processes, By Uddin Ifeanyi

Much of the public reaction to that document was taking up by attempts to parse Adedoyin Salami’s observation that the CBN may have turned “piggy-bank” for the federal government. Our laws don’t like this idea. Therefore, the Central Bank Act 2007 granted the central bank both goal and administrative independence…
See More »
Columns

The IMF’s 2017 Nigeria Scorecard, By Uddin Ifeanyi

Worse, though, than the fear that the public sector may not optimise additional debt issues is the Fund’s claim that last year, the federal government’s interest payments-to-revenue ratio doubled to 66 percent. I must confess to having looked forward to the publication of details of IMF’s 2017 Article IV Consultation…
See More »
Columns

How Well Can We Use the New Monies We Are Borrowing?, By Uddin Ifeanyi

- Nigerian finance minister, Kemi Adeosun I do fear, though, that without the changes to the economy’s structure that address these constraints, these new debts simply create a new “peonage” (that was the old one-word description of the then Third World’s debt burden.) That Nigeria’s first foray into the international…
See More »
Opinion

The Central Bank Governor’s Failing Score Card, By Femi Akinfolarin

...the CBN governor’s score card is one of failed monetary policy, racing inflation, massive fall in the value of the naira (which could have been staunched by now), collapse of the manufacturing sector and weakening of banks. His principal needs to understand and appreciate that this legacy is shared by…
See More »