Tuesday, August 30, 2016

Why we need a new CBN Governor


I think the CBN needs a new governor. Like yesterday. It appears there is active manipulation going on to keep the Naira in the low N300s. The value in the parallel market, in the low N400s, is a better indicator of the Naira's true worth. Whether it is due to their inability to educate or convince the Presidency or whether there is some ineptitude in the mix, I no longer trust the current leadership of the CBN to weather this storm. Our best bet in the short term at strengthening the value of the Naira, other than an unlikely jump in the value of oil, is for foreign investors to return with their dollars. Forget all that talk about ramping up local production of non-oil goods. Making anything in Nigeria is incredibly expensive, and it will take years of concerted action on power, transportation, finance, labor (read everywhere) to create a significant base of export-worthy goods. We have a lot of English-speaking people and a lot of raw talent, so another option is to ramp up exportation of services - but that's a story for another day. Companies like Andela are leading the way here, but there's a lot more that we can be doing. Back to foreign investors.

Monday, August 15, 2016

Touch not my Anointed and other Scams: (My Problem With Church (2/x))


A 'man of God' is caught pants down with a female church member, but say nothing because ... touch not my anointed.

A 'man of God' is jailed in a foreign country for a variety of financial offences, but do not comment on newspaper article because ... touch not my anointed.

A 'man of God' is obviously manipulating people, making them eat grass and drink petrol... yet, say nothing, because - touch not my anointed.

Really?

Sunday, August 14, 2016

Who large population don epp?


I feel envious when I hear about or research a country that has a manageable population.

Switzerland and Israel, for example, have about 8 million people. The UAE has under 10 million people. Canada and Australia, both of which have taken a decent amount of Nigerian immigrants in recent years, have 36 million and 24 million people respectively. We often point to Singapore as a model for rapid and sustainable economic development; they have just over 5 million people.

On the other hand, Lagos alone has about 20 million people. Kano has somewhere between 15 million and 20 million. Nigeria nets out somewhere between 150 million and 180 million - depending on who you ask. Some projections have it that we will number 400 million people by 2050.

Yes. 400 million people.

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