Toxic economics and politics: the black panther edition

SPOILER ALERT!!! If you have not seen the black panther movie and plan to then you should probably not read this post. Or maybe watch it first then read. In case you are too lazy to read this afterwards then the TLDR summary is this: the economics and politics in Wakanda are really bad and… Continue reading Toxic economics and politics: the black panther edition

The Nawo project

Participating in politics can be very difficult. Most think of politics as simply voting during elections but voting is actually the end of the political process, or political cycle. Participating in politics is more than just voting. It is joining a political party, engaging in debates, attending meetings at your ward, discussing with your delegates,… Continue reading The Nawo project

Sounds like something from the cold war

“Intelligence reports at the disposal of the bank reveal the involvement of some unpatriotic elements funding the push to have the Central Bank of Nigeria and the federal government reverse its foreign-exchange policy,” Isaac Okorafor, a spokesman, said in a statement on the Abuja-based central bank’s website. “Self-centered individuals, who have failed to assail our… Continue reading Sounds like something from the cold war

The political economy of BDCs and black market premiums

We seem to fall into a recurring cycle of bad policy with regards to the foreign exchange market. It is possible that policy makers implement bad policy by accident. However it is also possible that policy makers implement bad policy by design. Could bad policy in the foreign exchange market be the result of political… Continue reading The political economy of BDCs and black market premiums

A Really Simple Model of How We Got Here.

A friend asked a simple question yesterday with regards to the Nigeria foreign exchange and domestic production problems: how did we get here. Which I have translated to mean how did we get to the point where we appear to import so much while local manufacturing does so little. The sentiment, in general, is partly driven… Continue reading A Really Simple Model of How We Got Here.

The Sacking or Suspension

In case you had not heard; the presidency yesterday suspended the governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi (SLS). He has been temporarily replaced with Dr. Sarah Alade who until now was deputy governor in charge of economic policy. Godwin Emefiele has been nominated as the new governor and will supposedly start his… Continue reading The Sacking or Suspension