…a country is best served when services and goods providers operate in competitive markets. Rather than mount the bully pulpit, Chief Adelabu would serve the domestic power sector best by reducing monopoly behaviour therein. A competitive market would require free exit and entry of both consumers and suppliers of electricity. And where natural monopolies exist, […]
Rewane names three good news for Nigerian economy
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismark Rewane, said the continued Naira appreciation, forex backlog clearance, and refinancing of existing bond obligations are good news for Nigeria’s economy. Rewane disclosed this on Thursday as a Channels Television’s Politics Today guest. According to him, Nigeria’s economy is moving in the right direction. […]
In matters of economics, Ikoyi trumps Fadeyi by far, By ‘Tope Fasua
To Mr Banwo, I will say he should allow CBN to do it’s work, which is a very complex one. Maybe by the time Messrs Cardoso and Edun succeed, the Ikoyi gang would have emerged over their less-fortunate Fadeyi counterparts. From antecedents, capacity, ambience, sheer value, and what-have-you, I will personally vote for Ikoyi to […]
Nigeria records $30bn Foreign Direct Investment in nine months – Tinubu
Mr Tinubu says Nigeria has attracted unprecedented opportunities to reset the course and build a new and sustainable economy away from the rent-seeking and the waste that was once the order of the day. The post Nigeria records $30bn Foreign Direct Investment in nine months – Tinubu appeared first on Premium Times Nigeria. Powered by […]
Nigeria’s foreign currency dilemma and benumbing solutions, By Adamu Rabiu
Addressing the falling naira’s value requires a multi-pronged approach but definitely not the ones being followed presently, and to navigate these uncharted waters successfully, visionary leadership that transcends textbook solutions is essential. Indeed, Nigeria is at a crossroads, and its future depends on the choices and actions of its leaders and citizens. Nigeria stands at […]
NLC warns Tinubu administration: Attack our protesters, risk total shutdown
Nigeria: Knowing our place in the world, to becoming truly great, By ‘Tope Fasua
How is the middle class defined? These are two descriptions I found in two dictionaries: A social class that occupies a position between the upper class and the lower class and is composed mainly of business and professional people, government officials, farmers, and skilled workers. A social group that consists of well-educated people, such as […]
Olayemi Cardoso’s dilemma, By Tunde Rahman
…in the wake of the floating of the naira, some of the variables shaping the value of the national currency – including limited production in the country as a result of insecurity, the high taste for imported products, dwindling exports, poor dollar remittances, humongous school fees of Nigerian students abroad and medical tourism, all of […]
Keeping hope alive – How the Tinubu strategy will deliver, By ‘Tope Fasua
These two key reforms that the government has embarked upon are actually designed to remake an economy. Their success will also bring with it a total overhaul of public service, higher earning for all and sundry – including our artisans who are hardly organised these days, a new understanding in resource management, better compliance around […]
Foreign investment is not a magic wand, By Kingsley Moghalu
Foreign direct investment can concretely help lift a country’s economy if it is targeted at the real economy. But two most important factors must be present. These are (a) the presence of a skilled labour force and (b) infrastructure, in particular electric power, efficient seaports, and rail infrastructure. Nigeria is clearly deficient in the former, […]