Useful Insights on Kidnapping and Terrorism

I recently had the opportunity to attend a seminar by one of the top economists researching on terrorism. One of the topics which caught my attention was the effectiveness of counter-terrorism policies. The results on kidnappings in particular caught my attention. The study showed that concedingĀ  to kidnappers demands resulted in 2.62 additional kidnappings. Violent… Continue reading Useful Insights on Kidnapping and Terrorism

Off to Saudi Again.

First of all I realize that i have just been posting news articles recently but I seem to come across lots of news stories that I just can’t help but comment on. What is it this time? Our beloved president is apparently off to Saudi Arabia again on a “working visit” at the invitation of… Continue reading Off to Saudi Again.

Re-branding? (Update 1)

It appears the FG’s attempt at re-branding Nigeria is working. We suddenly seem to be the target of a whole lot of jokes. I’ll watch district 9 this week and try to see what all the noise is about. Nigeria ‘offended’ by sci-fi film Update 1: I saw the movie finally and its really not… Continue reading Re-branding? (Update 1)

Above the law

It appears some people are really above the law. The can’t be arrested for corruption, can’t be arrested for taking a none performing loan (is that really a criminal offense?) and their property can’t even be touched in the event they took a none performing loan. I guess the laws are different for everybody. Ex-Gov… Continue reading Above the law

Print more Naira? Really?

The Governor of the Central Bank, Mr Lamido, recently announced plan to print more money if needed to help “save more ailing banks”. This echoes similar ideas that were proposed by certain members of the public during the now infamous naira crash early this year. Printing money is however always a bad idea. This is because printing money does nothing but increase the inflation rate and inflation is really really difficult to get under control. The number one role of the Central Bank is to ensure price stability which is typically defined as an inflation rate of around 2%. Its currently 11%. This idea of printing money combined with the recent big cut in the monetary policy rate is sure to raise inflation to new highs