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Rational Perspectives

Does CBN fund govt deficit with treasury bills auctions?

‘MY brother, Nigeria is   managing debt not wealth because a big hole was dug in her pocket after the jamboree called FESTAC, 77. The  TB is government borrowing to finance the deficit. If you understand public finance well, you will know it is the function of CBN to ensure the economy is well funded. So many of this your criticism of CBN do not add up in the context of Nigerian financial system which is why nobody in authority seem to pay attention to your criticisms and opinions. Have a nice day”

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Collegiate presidency and national harmony

THIS article was first published in June 2006 and republished, annually, since then on the Anniversaries of Democracy and Independence Days; but, its content has become increasingly relevant this year. Hopefully, this will once more represented as a wakeup call to abort the inevitable dire consequences which will jeopardize our relationship as a nation and thereby forestall an inevitable frustration of the hope of our people for a better life. Please read on! 

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EPA as ‘Enslavement partnership agreement’

BENJAMIN Mkapa, Tanzania’s former President, has warned Nigeria to resist pressure to sign the Economic Partnership Agreement, (EPA), with the European Union, because according to him, such contracts are counterproductive. Mkapa sounded this warning as guest speaker at the 45th Annual general Meeting of the Manufacturers Association of Nigeria (MAN) on September 14, 2017 in Lagos.

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Is petrol still subsidized?

PETROLEUM marketers  have announced, in their communiqué of  August 29, 2017, that they would commence mass retrenchment, unless government pays their over $2bn outstanding invoices, and also settles interest charges, on delayed payment and related exchange rate differentials.   Nonetheless, government’s present lean revenue expectations may compel the need, to additionally borrow N720bn domestically or $2bn externally and oppressively compound the already crippling deficit of N2.32tn in the N7.4tn 2017 budget.

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Corruption: Which is worse: N400bn bribery or $15bnplus theft?

THE publication of the report of the National Bureau of Statistics’ survey titled, “Corruption in Nigeria; Bribery: Public Experience and Response,” triggered extensive public conversation regarding, the consolidated nationwide value of over N400bn bribes, reportedly paid between April 2015 – May 2016. The 2017 report, estimated that a total of 82.3 million bribes at an average of almost one bribe of N5300 each was paid annually by every adult Nigerian.

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