Editorial

EDITORIAL: Unearthing the Cogent Lessons In the NESG-CBN Economic Policy Imbroglio

The open disagreement between the Nigerian Economic Summit Group (NESG) and the Central Bank of Nigeria (CBN) about both the policy thrust and trajectory of the Nigerian economy has laid bare the conundrum in Nigeria’s economic policy management since the Buhari administration came to power in 2015. The goal of…
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Columns

Our Poor, Between the World Bank and a Softening Naira, By Uddin Ifeanyi

...over the last five years, our monetary authority has spent a king’s ransom pursuing a foreign exchange rate policy designed to keep our affluent in fine fettle in good voice. To no avail. For, over the list six months the naira has daily plumbed new depths. Now that it is…
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Columns

Why the New Unemployment Numbers Are Not Good, By Uddin Ifeanyi

...the challenge for a government that wants to return its economy to the path of growth is clear ― turn this circle virtuous! Government, as part of this process, may not employ every labourer in our space. Indeed, it cannot. Better, therefore, to make it easier for private persons to…
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Opinion

COVID-19: the Global System and the African Economy, By Toyin Falola

...the region will experience its first recession in 25 years and Nigeria’s second in less than five years, given the 2017 episode. The best case scenario is where this current growth plunge is immediately followed by an equally sharp recovery, which is highly unlikely for Nigeria, given its pre-existing myriad…
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Columns

Nigeria’s Worsening Finances, and the Untravelled Reform Path, By Uddin Ifeanyi

...the challenge before domestic economic performance, going forward, will about how we structure domestic incentives ― the obvious preference being for policies that are sector-neutral. And how we communicate these incentives ― preferably transparently, and via markets that function better than what we have at present. The numbers released, last…
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Columns

Flattening the Curve Of Our Economy’s Ailment, By Uddin Ifeanyi

Time now to build an economy worth that name. Not the autarkic construct that seems currently to be preferred by our policy makers – we have North Korea’s example as potent argument against this path. But one that leans heavily on the most important resource that the Nigerian nation has…
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Opinion

COVID-19 In Nigeria: End the Lockdowns Now, By John Adeoti

End lockdowns and save the economy. Now is the time to open factories, businesses, schools, roads, and all activities that provide people with opportunities for work. Nigeria needs to move fast in a highly competitive global economy. We cannot afford to be a laggard in the emerging post-COVID world order.…
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Opinion

Deploying Lessons Learnt and Resetting Priorities For a Post-COVID-19 Nigeria, By Soji Ehinlanwo

...COVID-19 has been a sudden and unexpected occurrence across the world, which has triggered sad and unfortunate illnesses and deaths, jolting the world in a way that has not been witnessed for several years. Nonetheless, it has also represented some measure of wake-up call and provides opportunities for us as…
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Opinion

Nigeria’s Economic Recovery From COVID-19: An Intervention Policy Framework, By Nasir Aminu

For immediate action, the government should intervene in three ways: protecting the health and social well-being of the public; adjusting monetary and fiscal policies; and supporting businesses to survive. The implementation of these policies should be instantaneous, simultaneous and sequential. The only thing we learn from history is that we…
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