Nigeria reforms and a summer of discontent 2

Nigeria reforms and a summer of discontent 2

Yesterday I discussed four country case studies on economic reforms on social media—Singapore, India, China, and Britain under various leaders—Lee Kwan Yew in Singapore, multiple Indian leaders including Indira and Rajiv Gandhi, Manmohan Singh and Narasimha Rao, Deng Xiaoping of China, and Britain’s Margaret Thatcher. The broad theme of my exposition was to suggest based on the evidence that the road to successful economic reforms may be long and often painful and to call for leadership dedication and popular endurance as we sustain the journey. Read More

Nigerian Economy and Policy at Crossroads

Nigerian Economy and Policy at Crossroads

I start this review of Nigerian economy and policy at this critical time by highlighting the difference between strategy and tactics. Strategy encompasses a long-term, comprehensive, “strategic” aspiration or direction for the firm or nation, and decisions and actions directed thereat while tactics are short-term, isolated actions taken as components of the “strategy”. While strategy, right strategy is critical, tactics matter, especially in relation to implementation-a viable strategy may be enhanced or subverted by poor tactics! My hypothesis is that while the evident strategic aspiration of current policy towards a market-driven economic policy is desirable or even compelling, some tactical implementation approaches may be questionable or at least debatable.

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Tinubu Govt Can Significantly Improve Revenue, Using Modern Technology, Institutional Reforms

Tinubu Govt Can Significantly Improve Revenue, Using Modern Technology, Institutional Reforms

Can you put in context how Nigeria fared under the administration of President Muhammadu Buhari?

I think the performance of the previous government should not be a matter of controversy since we all lived in Nigeria. I don’t expect any argument over the assertion that the economy has been suboptimal over the last nine years. I stretched it to nine years because the last year of President Goodluck Jonathan was also a period of downward economic performance. Subsequently, we witnessed suboptimal economic performance during the eight years of President Muhammadu Buhari. Indeed, the administration started with a vacuum in policy. Read More

Tinubu’s Turn to Attempt Nigeria’s Transformation

Tinubu’s Turn to Attempt Nigeria’s Transformation

When Asiwaju Bola Ahmed Tinubu declared “Emilokan” (“It is my Turn) in Abeokuta in June 2022, it was an act of defiance and determination, as he perceived that those who benefitted from his political franchise in 2015 and 2019, might be seeking to deny him his lifelong ambition for Nigeria’s presidency. It had emerged that the so-called “cabal” around President Muhammadu Buhari, Read More

Appropriation Act 2023: key Implication for Nigerian Businesses

Appropriation Act 2023: key Implication for Nigerian Businesses

Season 2 Episode 1, DealHQ’s sponsored podcast series featured Mr. Opeyemi Agbaje, the CEO of RTC Advisory Services Limited in a conversation on the recently enacted 2023 Appropriation Act. The conversation bothers on the key elements of the expenditure and revenue summary, Nigeria’s ballooning public debt profile, and the potential impact of the 2022 finance bill on Nigerian businesses.

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