Answer to the Institutional Inefficiency? The critical factors in the failure of the modern African countries have been the inability of these nations to analyze institutional ills which maybe cultural,...

    Nduka Obaigbena: Afripol person of the week Nduka Obaigbena is founding Editor-in-Chief and Chairman of THISDAY newspaper and ARISE, the international flagship magazine that is well received around...

Nigeria’s jobless economic growth Nigeria’s economy is growing and the statistics coming from National Bureau of Statistics (NBS) are testament to the blossoming GDP. Well, this is side of the story...

  How deforestation imperils African Rain Forest Uncontrolled Deforestation Deforestation is the cutting down or removal of trees from forested or wooded areas without compensating the loss with...

Deaths Reported In Nigeria and Cameroon Most of Africa is experiencing heavy rainfall and instead of greeting the rains with happiness, many people in Cameroon, Nigeria and the northern Nigerian states...

Hurrah As Obama's White House Summons Young African Leaders A gift to African countries on her 50 years independence anniversary. One thing that President Obama, singer Whitney Houston and late Rt....

Image of a nation might as well be the destiny of a nation. Nigeria's disfigured image in the global village has become an insignia of dishonest, dishonor and disrespect; this is outright humiliation of a nation of almost 150 million people. Majority of Nigerians are industrious, God-fearing and law abiding people. But a tiny minority is destroying the image of the country and the governance ineptitude is adding salt to the injury. Consequentially,...

Nigeria has a new Minister of Finance, Olusegun Aganga a managing director at Goldman Sachs branch in Britain. Aganga, a free marketer has a substantial experience in private industry together with his academic brilliance, he can efficiently manage and oversee Nigeria’s financial house. The minister of finance must be ready and keen to make sure that Nigeria will not fall into the trap of large external debt...

The Governor of Central bank of South Africa, Gill Marcus has proven herself a pragmatic free market banker rather than ideological by the way she goes about with her responsibilities as the apex banker of the land. She has wisely asserted her independence by refusing to yield to pressure from politicians and labor union to further cut down the benchmark interest rate. "On March 25, the central bank cut its benchmark interest rate to the lowest...

Adam Smith's Wealth of Nations, the classic and the enduring book in which the characterization consolidated the fundamental mechanisms of capitalism, cautioned marketers and capitalists to invest where they have comparative advantages. The risk will be minimal and potential for success more viable. But capitalist and capitalism in the Western world is charting a new course; they invest in just anything without in depth feasibility studies and...

A large oil reserve estimated 2 billion barrels has been found in the Albert region of Uganda by oil firms Tullow Plc and Heritage Oil & Gas Company. The people of Uganda including President Yoweri kaguta Museveni are elated about the discovery. This is good news and with efficient management Uganda can say good-bye to poverty. Uganda can now increase her GDP and foreign reserve. The oil discovered in Uganda contains less sulfur which is good...

The Central Bank of Nigeria (CBN) announced at the beginning of the first quarter 2010 to keep and maintain 6 percent benchmark interest rate. The unchanged interest rate reassured and reaffirmed the commitment for pro-growth and credit availability policy pursued by governor of Central Bank, Sanusi Lamido Sanusi. While the monetary policy rate was left at 6 percent, the borrowing rate was lowered at 2 percent from previously 4 percent but the...

The greatest threat and the major contributory factor in the undermining of a given economy and its currency is inflation. The monetary well being of a nation can go under and deteriorated drastically when inflation rears its ugly head and a once buoyant economy can become sicken with depressing currency, GDP and lower productivity. But in most cases Inflation could become a tool to erode the debt of a nation; a country with large domestic and...

Nigerian government in the year 2006 paid almost $20 billion to two giant international syndicates: Paris Club and London Club of Creditors to settle her foreign debts. This transfer of wealth by a relatively poor nation contradicts the entire prudent financial judgment and rudimentary economic disposition preached to Nigeria by the rich donor nations that babbles about the ills of capital flight in developing nations. The government of President...