Ifeanyi Uddin

Mr. Udin is Business Intelligence expert. He is a Member of Premium Times Editorial Board and a Columnist par excellence.

Posts by Ifeanyi Uddin:

Ifeanyi Uddin

Making Sense of What We Say, By Ifeanyi Uddin

When plans to convene another talkfest around the seminal questions hemming in our quest for national cohesion were bruited about recently, my initial reaction was one of irritation. At the minimum, any such dialogue makes sense in response to a representation, accountability, or democracy deficit. Within this reading, a national…

Ifeanyi Uddin

Of Attitude And Aptitude, By Ifeanyi Uddin

I have heard expressed a preference for “attitude” over “aptitude”; and I have come to realise that this preference is contingent on a variety of circumstances. Attitude, for instance would, conceived in the abstract, i.e. outside of any particular set of experiences, range from the extremely unaccommodating individual (a psychopath,…

Ifeanyi Uddin

The CBN’s New Challenges, By Ifeanyi Uddin

This month the Central Bank of Nigeria’s (CBN) rate-setting committee (the Monetary Policy Committee — MPC) meets for the first time under its new governor. He, incidentally, did feel a need earlier to put his “manifesto” out. Much commentary attended his presentation; and the consensus was that he had managed…

Ifeanyi Uddin

Why Must We Always Under-perform? By Ifeanyi Uddin

Anyone who has ever played a game online from a Nigerian IP address would understand the severe limitations of our domestic internet connections. At the same time, having worked out of places where internet connections are way faster than here, one wonders what the “4G LTE” acronyms regularly deployed by…

Ifeanyi Uddin

A New Low, By Uddin Ifeanyi

Over the last four years, I have been worried by how the incumbent administration has managed the economy. Despite the roseate headline numbers, there are reasons to still fear that the structural underpinnings of the economy may be much softer than they appear. Worse. No one knows how the economy…

Ifeanyi Uddin

“How To Be A Nigerian,” By Ifeanyi Uddin

Thirty seven years ago, I read Peter Enahoro’s book, “How To Be A Nigerian”, for the first time. It was a most worrying read for a pre-teen; and leafing through its 88 pages, I was never too certain whether to laugh aloud or cry quietly. I didn’t read the book again.…

Ifeanyi Uddin

Backstopping The Naira, By Ifeanyi Uddin

About a year ago (May 22, 2013) Ben Bernanke, then Chair of the US Federal Reserve System, spooked the markets. In his address to the US Congress’ Joint Economic Committee, he indicated that depending on emerging data, the US' central bank could commence unwinding (over the next two Federal Open…

Ifeanyi Uddin

Monetary Policy, Looking Ahead, By Ifeanyi Uddin

"Calm before a raging storm"! This was how a participant at a discussion, last week, described the state of the economy. I am privileged, every week before the Central Bank of Nigeria's (CBN) rate-setting committee's meeting, to sit at a table where bank treasurers and their economist friends dwell on…

Ifeanyi Uddin

Why The President Matters, By Ifeanyi Uddin

One of the wackier arguments with which boosters of the Goodluck Jonathan administration have met the charge that his government has been unusually feckless in its response to the recent abductions of schoolgirls in Chibok is that the whole affair is a prank. The "why?" of what would then qualify…

Ifeanyi Uddin

Before It All Unravels, By Ifeanyi Uddin

Can one mourn too much? Are there circumstances in one's life that one ought not to give up on? Are there bounds to the weight a camel can carry? Must that last straw, the one that compromises the camel's back, be the heaviest? These are, indeed, very difficult times. An…

Ifeanyi_Uddin_columnist

Nigeria – What Manner of Leaders, By Uddin Ifeanyi

There is no question but that the quality of our national leadership has deteriorated of late. The consequences of these are particularly telling at the economic level. Despite the roseate statistics favoured by the incumbent administration and its supporters, even they do not deny that the incidence of poverty (however…

Ifeanyi Uddin

Nigeria – What Manner of Leaders, By Ifeanyi Uddin

There is no question but that the quality of our national leadership has deteriorated of late. The consequences of these are particularly telling at the economic level. Despite the roseate statistics favoured by the incumbent administration and its supporters, even they do not deny that the incidence of poverty (however…

Ifeanyi Uddin

Why I Would Not Vote Next Year, By Ifeanyi Uddin

Come St. Valentine’s Day, 2015, I would not vote in the general elections scheduled for that day. I also did not vote in the 2011 general elections. Then, I was certain that the larger number of our compatriots were mistaken on the “I had no shoes growing up” narrative of…

Ifeanyi Uddin

Still on the New GDP Numbers, By Ifeanyi Uddin

There was no question but that the new domestic output numbers for the Nigerian economy was going to attract much interest. A rare event in the nation's calendar, and a momentous result, it has attracted interest at home and abroad. Actually, it has elicited much more interest from the talking…

Ifeanyi_Uddin_489363188

On The New GDP Numbers, By Ifeanyi Uddin

So, finally, we are a bigger economy than South Africa. Indeed, at US$509 billion (estimates for last year), we now are the continent's biggest economy — in 2012, the World Bank had put South Africa’s GDP at US$384bn and Nigeria’s at US$263bn. At about 2.00pm yesterday, at a press conference…

Ifeanyi Uddin

Measuring Bank Liquidity, By Ifeanyi Uddin

In the last four years, the Central Bank of Nigeria (CBN) has tightened monetary conditions even as inflation moved into and seemed comfortable in the single digit range — an unusual experience for this economy. The organised private sector has made much of how these tight conditions, especially high interest…

Ifeanyi Uddin

Removing the Fuel Subsidy, By Ifeanyi Uddin

The queues are back at the filling stations; and our lived experience has taken a turn for the worse; a few fires have started. Yet, this is but a seasonal experience. Like the rains which will soon start to fall, methinks our response ought to be to prepare to contain…

Ifeanyi Uddin

The Constitution and Presidential Powers, By Ifeanyi Uddin

The recent spat between the newly appointed defence minister, General Aliyu Gusau (rtd.) and the military chiefs of staff over reporting lines has resonated in the most unlikely places. I believe, the most startling of these resonances, is the possibility that the office of the federal minister of (or for)…

Ifeanyi_Uddin_489363188

Still on Our Rising Debts, By Ifeanyi Uddin

Each time I read of our governments (central and sub-national) contracting new debt, I cringe. Several years back, a friend and boss advised me not to pay for what I can have for free, or take on credit. So my worry isn't from an "ideological" or "religious" aversion to debt.…

Ifeanyi_Uddin_489363188

In Search of New Scapegoats, By Ifeanyi Uddin

My attention was drawn, last week, to the possibility that the American government may be behind the random acts of barbarity in increasingly large swathes of Northern Nigeria that have, especially with the most recent killings of 59 secondary school pupils, soured the nation's mood. Apparently, if this new reading…

Ifeanyi_Uddin_489363188

Reforming Our Universities, By Ifeanyi Uddin

Decades after its ouster from office, the Ibrahim Badamasi Babangida (IBB) administration remains one of the most steeped in controversy in Nigeria. How much of the country's current baseness is the consequence of that administration turning "corrupt practices" into a tool of statecraft? You are likely to find debate heating…

Ifeanyi_Uddin_489363188

The Business of Policy Making, By Ifeanyi Uddin

Last week, the federal government upped the policy ante. In the wake of the recent launch of a national automotive policy, its inauguration of the Nigeria Industrial Revolution Plan and the National Enterprise Development Programme is nothing if not ambitious. According to one newspaper report, “both programmes, initiated and spearheaded…

Ifeanyi Uddin

Accounting For Crude Oil Sales and Revenues, By Ifeanyi Uddin

Why does it matter that the governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has indicated accounting sleights of hand at the Nigerian National Petroleum Corporation (NNPC)? Or that shenanigans in and around Nigeria's proverbial golden egg-laying goose may be responsible for the federal budget’s recent (and…

Ifeanyi Uddin

The MPC’s Effect On The Domestic Balloon, By Ifeanyi Uddin

At its first meeting this year, held Monday last week in Abuja, the Central Bank of Nigeria’s rate-setting committee (the Monetary Policy Committee — MPC) opted to tighten monetary policy. Reflecting on this decision, I am still not sure which is the more surprising of the committee’s decision: the MPC’s…

Ifeanyi Uddin

On Today’s Meeting of The MPC – Matters Arising! By Ifeanyi Uddin

The Central Bank of Nigeria's (CBN) rate-setting body, the Monetary Policy Committee (MPC) meets today monday 20th January, under a cloud. The mass of gray overhead has nothing to do with the recent public spat between the Office of the President of the Federal Republic of Nigeria, and that of…