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[…]
Category: Analysis
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[…]
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[…]
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].[…]
Nigeria’s Rice Policy: That Glorious Piece of Paper – Feyi Fawehinmi
A lot of the economic problems facing Nigeria can be traced to a way of thinking. This thinking believes that markets can never be a good thing if left to[…]