Tough times ahead in post 2015 elections
The 2015 election will certainly come and go but the after effect may linger for a long time. Whether it is PDP or APC that eventually wins the presidential election, the party that will come to power post-election had better get prepared for the handling of the economy. As it stands, the nation is on a financial cliff that can fall off any time except a miracle happens. The one commodity that provides life support for the economy has seen its price at the international market fallen to as low as $58 per barrel.
Of CPC, Coca Cola and invincible hand of Presidency 2
When last week I wrote that CPC was wrong to have ordered Coca Kola to pay the sum of N100 million for pushing to the market two half filled cans of Sprite, there were immediate reactions. One was particular and luckily enough he called instead of sending the text message he had intended.
Of CPC, Coca Cola and the invincible hand of presidency
The Consumer Protection agency is now embroiled in a controversy that is leading no where. It has drawn the Council and Coca Cola into a legal battle. The issue in the matter leaves a very sour taste in the mouth.
Rebuilding Nigeria’s economy is a task that must be done
President Goodluck Jonathan in his June 2012 Democracy day broadcast stirred the hornet’s nest. He raised fundamental issues of the economy, some of which with the benefit of hindsight were wishes as usual with Nigerian leaders.
The unending woes of Naira exchange rate
The pressure on the naira at the foreign exchange market might continue to mount and see further depreciation in value of the naira this year. The Naira fell by 200 kobo on Tuesday, as the parallel market exchange rate rose to N180 per dollar from N178 per dollar on Monday.
Nigerians must search carefully for the next leaders
The greatest challenge facing Nigeria today is that of leadership. Nigeria needs a leader that the people can identify with and can inspire them to great heights.
Think of the alternative before making the choice of who leads
Economists usually begin their thoughts with choices, scale of preference and alternatives forgone. Individuals, households, firms and nations make choices. The choice that each of these entities makes depends on how informed the one making the choice is on available alternatives and the opportunity cost of the choice made. The opportunity cost is the alternative forgone for the purpose of making the choice. There are economic choices as well as political choices.
I and others, the worm eating up Nigeria
It was Dr. Martin Luther King, who once said: “Life’s most persistent and urgent question is, ‘What are you doing for others?” Great men that walked on this planet earth have often challenged themselves with this question, and have ruled their conscience in their service to humanity.
Naira devaluation and the role of non-oil export agencies
Crude oil prices extended their losses and sunk to fresh four-year lows late last week as expectations of a cut in OPEC oil production faded following the Saudi Arabian oil minister’s comments a day earlier.
Nigeria needs help from within and outside
On April 28 we published this article in which I said that Nigeria needs help from within and from outside the country.
Tough times ahead for investors in Nigerian banks
Signals emerging from the global economy can best be described as complex considering the trends in macroeconomic and socio-political sphere.
