CBN Independence, A Recipe for Paralysis?
For a while now, I have been regularly blind-sided by the policy choices preferred by the Buhari administration: an aversion to market solutions in tackling the supply/demand imbalance weighing on[…]
Category: Economy
To Devalue or Not?
To devalue the naira; or not? This dilemma has powered most conversations and arguments in the country over the last week. In the “red corner” we have had those who[…]
MPC Things
There are 2 reasons why the meeting (today and tomorrow) of the Central Bank of Nigeria’s (CBN) rate-setting committee (the Monetary Policy Committee – MPC) may leave the policy rate[…]
Nigerian Cashew Farmers Are Going Nuts – Feyi Fawehinmi
If nothing else, most Nigerians agree that Nigeria needs to diversify its economy. The problem is that no one ever really explains, in practical terms, what this diversification will look[…]
It Never Rains…It, Erm, Snows? – Eloho Omame
“Nigeria is a special snowflake.” A friend of mine says that all the time. I first met him nearly 25 years ago, and in that time, I’ve not met anyone[…]
Making Meaning of the FX Markets
When, mid-2015, just about every Nigerian bank declared that “the large volume of foreign currencies in their vaults” allowed them to “stop accepting foreign currency cash deposits into customers’ domiciliary[…]
Random Musings
Another week. Another Monday. What to write about? I imagine most newspaper columnists have to confront this poser at least weekly. Two facts render the process of fashioning a response[…]
The Nigerian Economy, a new Normal?
The federal government has made much of its savings from implementing the treasury single account (TSA). Depending on which functionary you listen to, not just has government boosted its revenue[…]
Thoughts on MTEF. 3 of Many: What happens if revenue projections fail?
As we already know the MTEF is based on some serious spending plans, above N6tn each year for the next 3 years. This spending is in part going to be[…]
Mr. President, Make Us A Market – Feyi Fawehinmi
Mr. President, during your media chat yesterday, you said you need to be convinced on devaluation. I don’t think I can convince you on that as there simply is no[…]