Victor Ogiemwonyi
Ogiemwonyi, a retired Investment Banker writes from Ikoyi, Lagos.
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Financing National Infrastructure Development Beyond Budgets
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The urgent need for large-scale infrastructure development in Nigeria is undeniable. However, no budgetary allocation or borrowing strategy alone can adequately address this growing demand. Nigeria is at a crossroads—our population is booming, yet our infrastructure remains woefully inadequate. We need everything: roads, […] More
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Scarcity of Cash Is Threatening Confidence in Nigeria’s Banking System
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Recent headlines about non-availability of cash in ATMs and even banking halls, and the almost replacement of bank’s cash function, by Point of Sales, POS, Operators, is becoming a cause for concern, and creating crisis of confidence, in our banking system.The Central Bank […] More
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Key To Moderating Naira Exchange Rates
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The decision of the Central Bank of Nigeria (CBN) to allow Bureau De Change operators (the retail end of the FX market) to buy up to $25k on the official market (The EFEM widow) is a well thought out strategy, to moderate Naira […] More
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Creating Demand for The Naira
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow A national currency is one of the things that makes a country sovereign, it should be the pride of a Nation, its strength, purchasing power and therefore guarded with all …its acceptability of its legal tender (National Currency) is important, with vast economic […] More
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When a Good Policy Gets Mismanaged
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The CBN admitted upfront, when they put out their intention of this policy, that they have lost control of the currency in circulation, with up-to 80% of the currency in circulation, outside the Banking system.For this writer, this was a good enough reason to […] More
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The Inflation vs Growth Debate by Victor Ogiemwonyi
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The recent Central Bank of Nigeria‘s Monetary policy Committee‘s decision, to continue its hiking of interest rate, by another 100 basis points to 16.5% has elevated the debate on where the preference should lie. Inflation lowering is a core mandate for all central […] More
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The CBN-Reset: Will The Reform Go All The Way?
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Of recent, the debate has been about the Central Bank of Nigeria’s (CBN) intention to redesign Nigeria’ s National currency, the Naira, and reprint the three largest denominations and calling in the old notes for cancellation. The debate, essentially, has been about whether […] More
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Rethinking The Financing of Public Universities in Nigeria
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The current Academic Staff Union of Universities ( ASUU ) strike in the last several months, has again d to the fore the need to examine the financing strategies for our public universities. The role of Eductation is so crucial to all development, […] More
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Reviewing The Infrastructure Development Debacle
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The often loud claims of infrastructure development by the current government has not resonated well with the Nigerian public, because what has been delivered, is too little to cheer about, mainly because of the wrong financing strategy, with all the associated limitations. These […] More
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