(Serious lessons for Nigeria’s economic managers). DATELINE SAN JUAN, JULY 2015. Just how did Puerto Rico get itself into such a fix? $72billion owed by a country of 3million people? The country’s population had even been decreasing in absolute terms. Over 400,000 of its citizens simply disappeared in the last decade. The future points to...
Nigeria’s biggest challenge is how to reduce poverty, and close some of the income gap. This challenge ranks with the need to reduce corruption. Now, there are many ways to reduce poverty, and one of those is the present stance of the government to give handouts of N5,000 to 25million or 10million poor Nigerians on...
There has been this unnecessary brouhaha surrounding the decision by the Central Bank of Nigeria, CBN, to stop selling cheap foreign exchange to importers of certain items, including (you won’t believe this), eggs, milk, furniture, rice, private jets, and of course, those who want to invest in Eurobonds and some other financial market instruments, and...
