Out with the Subsidy, and in with a new Price Cap
Finally, the Buhari administration finds the will to bite one of several bullets it perforce has to confront in the next 3 years if its “change” watchword is not to[…]
Category: Economy
Thoughts on MTEF. 2 of Many: Debt Issues and the folly of the debt to GDP ratio
I understand the rationale of the FGs plan to spend its way out of a downturn. Conventional policy suggests you spend during downturns and save during boom times. And by[…]
DJ Khaled Reveals The Major 🔑🔑🔑 To Success For Nigeria
The kids on Snapchat have been talking about a chap called DJ Khaled a lot lately. [Note that I do not know what Snapchat is or what they do there].[…]
Between Controlling the Economy, and Freeing its Growth
At a filling station, Sunday morning — I was on the queue for the better part of two hours, having woken up at first light to avoid the pandemonium that[…]
Thoughts on MTEF. 1 of Many: Debt Issue
The new government has released it medium term expenditure framework, outlining its spending plans over the next three budget cycles. I have many thoughts but won’t talk about them all.[…]
A New Medium Term Expenditure Framework
After the rot that was the Jonathan years, there was a palpable difficulty understanding the direction in which the Buhari administration was going to steer the ship of state. Again,[…]
What’s Better Than A National Carrier? – Feyi Fawehinmi
Last week, Boeing unveiled its upgraded 737 plane called the 737 Max. The 737 itself has been Boeing’s best-selling plane with about 13,000 sold since it was launched in around[…]
Between Tantalus and Sisyphus
In our new political climate, two new vulnerabilities have been added to the business of (published) public commentating. First, there is the danger of increasingly sounding like a cracked vinyl[…]
“A Foolish Consistency is The Hobgoblin of Small Minds” —Nigeria and Its Exchange Rate(s) – Feyi Fawehinmi
Starting in 1986, the Nigerian Naira’s relationship with the dollar (and other foreign currencies) has been erratic, (un)predictable, violent and full of heartbreak and tears. The built in dysfunction has[…]
Of Holes and Excavators
“When in a hole, stop digging!” Thus, the main moral from the first law of holes. The meeting, last week, of the Central Bank of Nigeria’s (CBN) rate-setting committee (the[…]