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[…]
Why The MPC May No Longer Matter
Time was when the run-up to a meeting of the Central Bank of Nigeria’s (CBN) rate-setting committee (the Monetary Policy Committee — MPC) generated its own buzz. Just after the[…]
Of Ministers, Our Expectations, and Their Responsibilities
In the end, the Buhari administration — and by extension, his All Progressive Congress (APC) party — would have to account for raising domestic expectations far higher than his government[…]
Go Big Or Go Home? Go Home, Please – Feyi Fawehinmi
Ever since President Buhari let it be known that he likes the idea of a national carrier, a week has not gone by without one former pilot or aviation expert[…]
Reforming the Tax Code – Nonso Obikili
Anyone who follows current affairs in Nigeria knows the gist. Federal government revenue is mostly sourced from crude oil sales. Crude oil price crashes. Federal government promises to reform its[…]
Should We Panic?
Almost 6 months after its inauguration in May this year, the Buhari administration’s choice of ministers has returned national conversation back to the task at hand: fixing an ailing economy,[…]
Some Reform Ideas for Nigeria’s New Cabinet
Now that the Buhari administration has a cabinet, we may begin the discussion around what the tasks are proper to his administration. Back out the six months spent preparing to[…]
Cash And Carry Industrial Policy – Feyi Fawehinmi
Devaluation is de rigeur these days. Everyone from the President down to the man on the street has strong opinions about whether or not Nigeria should devalue its currency in[…]