USA Africa Dialogue Series - Understanding the Struggle

Many at the beginning of the year were up in arms when the FG attempted deregulating the distribution and sale of pms, though many if not most economists that were not seized by the frenzy of the day argued that the average man on the street would benefit in the long run.

At the risk of sounding like a bull-horn for the FG, I wrote in this space that deregulation was the way to go, unfortunately, we ended up with a leg in the world of deregulation, and the other outside of it.

Given our import dependence, the common man may have seen material savings (Naira has traded for N160/$ for several weeks now, ~7% appreciation from its November 2012 value), and more importantly, the reduction of rent-seeking activities by government cronies.

Opposition is the check a democracy needs to be on its toes, then, we need informed and sophisticated opposition (keyword: informed).

Okwy

 

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We face forward,...we face neither East or West: we face forward.......Kwame Nkrumah