On The New GDP Numbers
So, finally, we are a bigger economy than South Africa. Indeed, at US$509 billion (estimates for last year), we now are the continent’s biggest economy — in 2012, the World[…]
Category: Economy
A story about Emeka and GDP rebasing
I have a friend called Emeka. Emeka loves to run. Every morning Emeka runs from Obalende bus stop to Eko bridge and back. Of course the point of running for[…]
Protecting Nigerians From The Purveyors of Poverty – Feyi Fawehinmi
Thomas Sowell likes to say that you cannot know whether a policy is a success or failure without knowing what the person behind the policy set out to do in[…]
Measuring Bank Liquidity
In the last four years, the Central Bank of Nigeria (CBN) has tightened monetary conditions even as inflation moved into and seemed comfortable in the single digit range — an[…]
Rhetoric Matters – Lessons From Innoson and Bollywood
I’ve written about Innoson recently, so it was quite nice to see a long interview with Chief Innocent Chukwuma in The Vanguard this last weekend. It’s a very interesting interview that I think[…]
Removing the Fuel Subsidy
The queues are back at the filling stations; and our lived experience has taken a turn for the worse; a few fires have started. Yet, this is but a seasonal[…]
On The Constitution And The President’s Powers
The recent spat between the newly appointed defence minister, General Aliyu Gusau (rtd.) and the military chiefs of staff over reporting lines has resonated in the most unlikely places. I[…]
Still on Our Rising Debt
Each time I read of our governments (central and sub-national) contracting new debt, I cringe. Several years back, a friend and boss advised me not to pay for what I[…]
In Search of New Scapegoats
My attention was drawn, last week, to the possibility that the American government may be behind the random acts of barbarity in increasingly large swathes of Northern Nigeria that have,[…]
Buy Sheep, Sell Deer, Make Profit – Akin Oyebode
For this post, let us assume you own Iya Eba, the popular food joint in Lagos Island. You love your customers, and to satisfy them, you devised a wonderful promotion called[…]