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:

Reflections on the last twelve months, By Ifeanyi Uddin

An eventful year ends, much as it began — inauspiciously. Which is sad! For we recall the immediate past not so much for how well off we have turned out (though, arguably, the past twelve months had moments that, had the brave been sufficiently persuaded to try, held out the…

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November Inflation Numbers, What Significance? By Ifeanyi Uddin

Consumer price indices for November (released last week by the National Bureau of Statistics - NBS) confirm what every housewife/home maker in the country has known for sometime now. Rising food prices, to the extent that these reduce disposable income, are hurting households' welfare. The choices are easier as you…

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Corruption, Nigeria, and the challenge of normalcy, By Ifeanyi Uddin

[caption id="attachment_7880" align="aligncenter" width="480"] Ifeanyi Uddin: Corruption in Nigeria is not normal. It is the bane of unsung efforts over the years to make this country a normal place.[/caption] One of the more specific "ideological" schisms associated with the intermittent discourse on the nature of Africa's development challenges is the…

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Why we must restructure government a la Sanusi Lamido, By Ifeanyi Uddin

Once again, SLS (our moniker for Sanusi Lamido Sanusi, Governor of the Central Bank of Nigeria ―CBN) walks into a new tempest. In fact, he did not walk into this. He seeded it. Almost inevitably, so soon as he suggested government sack half of its workforce as part of a…

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The Nigerian economy and the 2013 inflation outlook, By Ifeanyi Uddin

[caption id="attachment_7880" align="aligncenter" width="465"] Ifeanyi Uddin argues that the clincher for determining the policy rate over the next six months will be the Nigerian economy's slowing growth rate[/caption] I would ordinarily step back from any opportunity to wager. Thus, I never cease to wonder at the celerity with which my…

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To what and how does today’s MPC meeting respond? By Ifeanyi Uddin

Today, two developments (both of them much trailed) will occur. More precisely, one of these events commences, while the other will be announced. First (and this is not in any specific order) the rate-setting arm (the Monetary Policy Committee — MPC) of the Central Bank of Nigeria (CBN) meets for…

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Is the Nigerian economy as healthy as the plaudits it is receiving suggest? ByUddin Ifeanyi

Reading through Standard & Poor's recent justification for its decision to raise the economy's foreign- and local-currency sovereign credit ratings, I could not help but wonder whether the policy choices that we made progressing down this path were part of a conscious process of rebuilding our room "for policy manoeuvring  or…

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Between corruption and efficiency, By Uddin Ifeanyi

Exasperated, we (Nigerians) are wont to describe "corrupt practices" as the only "industry" that thrives in the country. Ignored by official bean counters, anecdotal evidence of corruption abounds. An effete population’s recourse? Against the huge sums of money cited as stolen by the prosecution in the James Ibori case (in…

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Obtaining a Handle on the Domestic Economy, By Ifeanyi Uddin

The Sallah holiday weekend was usual in many ways. Electricity supply was epileptic. The fuel scarcity has held out long enough for an ecosystem to evolve on its back. Long queues if you are minded to pay the recommended retail price (RRP); and often, the supply at such outlets never…

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Nigeria’s National Debt: Spending Our Way into a New Bind, By Ifeanyi Uddin

"The more things change, the more they stay the same". Thus, Jean-Baptiste Alphonse Karr, commenting several years ago on the infinite capacity of our species to generate motion that leads nowhere. In the Nigerian case, as with just everything about this country, there is the very important difference that the…

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The benefit of missing the President’s Budget 2013 speech, By Ifeanyi Uddin

It was about 10.00am Wednesday last week that a friend reminded me that Mr. President was before a joint session of the National Assembly outlining his administration's tax and spending provisions for next year. My initial response was censorious. How could I have missed the unveiling of budget 2013. Time…

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The Market and Fuel Scarcity, By Ifeanyi Uddin

Over the last two weeks, I have bought fuel (in different parts of Lagos) for N105/litre. Two features distinguish the outlets, which sold to me from the others that did not: the relative absence of queues at the pumps; and the furtive manner of the attendants. Invariably, the latter would…

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Managing monetary policy in trying times, By Uddin Ifeanyi

Arguably, one of the more Augean challenges confronting financial services regulation in the country today, is the ongoing transition in industry practice from bread-and-butter intermediation to what is now commonly referred to as "market-based" intermediation. In large part, this passage reflects the industry's response to the competitive round triggered by…

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CBN’s Sept. MPC meeting and Nigeria’s policy direction, By Uddin Ifeanyi

What are we to expect of today’s (it should continue into tomorrow) meeting of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC)? The economy may not have gotten worse. Indeed consumer price numbers are better than they were when last the MPC met, with the headline index for…

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Nigeria and Infrastructure Regulation, By Uddin Ifeanyi

I have often wondered what the world was like before social media. The ease with which user-generated content is created and exchanged on the web has rendered timelines the new haunts of choice: producing news and gossip in equal measure. But unlike output from the "shebeens and speakeasies" that one…