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Reflections on 2017 federal budget approval -By Eze Onyekpere

The National Assembly on May 11, 2017 approved the 2017 federal budget. This is coming five months after the estimates were submitted by President Muhammadu Buhari on December 14, 2016. The late approval is not a best practice nor is it worthy of replication. It provides the experience for the NASS to say “never again” […]

Forex: Nigerian banks in the dock -By Tayo Oke

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  Ask anyone in a random survey about the profession they find most trustworthy. The answer would most probably be: “bankers, of course”. They are ranked only behind people in the medical profession in some surveys. Journalists, estate agents, mechanics, insurance brokers, politicians and the like are generally despised, if not loathed, by the general […]

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It’s About Time Nigeria Resolves Its Monetary Policy Conundrums -By Ayo Teriba

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1. Making Sense of Historical Monetary Policy Decisions The Central Bank of Nigeria’s Monetary Policy Committee (MPC)’s decisions have included easing, just once in the last six years for the policy rate (MPR), and just twice in the last six years for the cash reserve ratio (CRR). In contrast, the policy rate has been tightened ten […]

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We Are Committed To Resolving Nigeria’s Economic Challenges -By Muhammadu Buhari

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  As we all know, this Administration inherited numerous challenges. Our political campaign was based on a recognition of the difficult situation Nigeria was in and the need to bring positive and enduring change. And we remain committed to our electoral promise to change our way of doing things and to change Nigeria for good. […]

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Nigeria’s Economic Outlook In 2017 -By Ayo Teriba

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Global Gluts and Nigeria’s Growth and Stability Nigeria’s economy came to be defined by recession and devaluation in 2016, pressing home the point that Nigeria’s growth and exchange rate stability in the decade-and-half from 2000 to 2014 had been entirely dependent on favourable global commodity cycles. Weak commodity prices brought Nigeria’s growth to a very […]

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Stagflation, Fragility And Arrested Development Of The Nigerian Economy -By Alex Otti

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  On Friday, March 10, 2017, I was one of the speakers at the Vanguard Economic Discourse where the erudite Prof. Charles Chukwuma Soludo gave the Keynote address. I hereby publish the paper I prepared for the discourse, even though I did not have the luxury of time to give a detailed presentation at the […]

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Major threat to the economic recovery and growth plan -By Uchenna Uwaleke

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At long last, the much-awaited Economic Recovery and Growth Plan of the Federal Government, which contains the road map for Nigeria’s economic development, has been unveiled by the Ministry of Budget and National Planning. The four-year plan (2017-2020), envisages that by 2020, “Nigeria would have made significant progress towards achieving structural economic change with a […]

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Major threat to the economic recovery and growth plan -By Uche Uwaleke

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  At long last, the much-awaited Economic Recovery and Growth Plan of the Federal Government, which contains the road map for Nigeria’s economic development, has been unveiled by the Ministry of Budget and National Planning. The four-year plan (2017-2020), envisages that by 2020, “Nigeria would have made significant progress towards achieving structural economic change with […]

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The Forex Debate: What Is Emefiele Up To This Time? -By Theophilus Opaleye

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An underlying economic principle that is often lost in translation in public discourse on the operations of the foreign exchange market in Nigeria is the dynamic relationship between demand, supply and pricing. The technical terms often used by economic and financial analysts in explaining the forex situation has robbed most Nigerians of a real understanding […]

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Other Reasons Why the Naira Is Worthless -By ‘Tope Fasua

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  Until recently, the naira at N520 to $1 was one of the most worthless currencies in Africa. Now that is something. So much for being the largest economy in Africa. Size should count for something, shouldn’t it? Yet there are many ‘experts’ who still swear on their dead grandmas’ graves that the ‘naira is […]

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