Subsidy? Cross-…? Counter-subsidy?
In its time-lapse response to the bottom falling out of the global oil market, the Nigerian government announced a series of measures, under the rubric of a new “austerity programme”[…]
Category: Analysis
Making Sense of Our New Policy Direction
The central bank’s (CBN) rate-setting committee, the Monetary Policy Committee (MPC), ended its November meeting (last week) with arguably the boldest steps it has taken of late. While the decision[…]
FCT Minister, Wake Up! – Salisu Suleiman
A day before the 2011 presidential elections, an abandoned telecommunications mast was used to cordon off the road leading to the FCT office of the Independent National Electoral Commission (INEC),[…]
CBN and The Nigerian Economy: A Short Story – Feyi Fawehinmi
If you have an M.Sc in Finance or a degree in economics, you can skip this piece. The point of it is to try to explain what the CBN did[…]
From Transformation to Austerity – Salisu Suleiman
“Despite the dwindling revenue of the nation due to falling crude oil prices and decrease in output, the nation is not broke, as feared in some quarters.” So declared the[…]
Parking the Bus for the Naira
Over the last couple of weeks, as the price for Bonny Light (Nigeria’s benchmark crude) touched new depths on the global markets, and our export earnings dropped, conversation has fixated[…]
2015: Disconnected president, dishonest praise singers – Salisu Suleiman
Sitting through any speech by President Goodluck Jonathan can be an agonizing, even traumatizing experience. No matter how hard he tries or practices, this former university lecturer cannot simply deliver[…]
Ebola, Output Growth, and Football
This week, The Economist features an article on the debilitating toll of the Ebola viral disease (EVD) on sub-Saharan Africa. Until now, much of the concern generated by the viral[…]
Religion, politics and elections in Nigeria – Salisu Suleiman
Needing to purchase some household equipment, I ended up at the neighborhood shopping centre in Wuse Zone 3, Abuja, known as a marketplace for electronics, furniture and building materials. Moving[…]
As the Economy Prepares for the Winter Season
“All is well!”, they shout. But the place smolders still. Our Emperor? In the end, not even Nero Claudius Caesar Augustus Germanicus mattered any more after the “Great Fire” destroyed[…]