SANMI ADEKOLA BLOG

Although, I cannot pride myself professional economist, perhaps, because i dropped the idea of becoming one 13 years ago. However, the recent situation in our dear country call for a rethink of the government present economic policy, otherwise, we may be harming more than helping. Basically, from my secondary school knowledge to my acquired knowledge from borrowed courses in Economics at the university, a country either goes for a fixed exchange rate system or a floating exchange rate system. When it is the former, it means it is the government that determines the rate at which a country currency will be exchange with other countries currencies. On the other hand, a floating or flexible exchange rate system means the exchange of a country currency with others is based on the allocation and interaction of the forces of demand and supply. The government has decided to stick to the former. The question now is how workable is the present decision of the CBN and the Federal Government...

In the last few days, there has been serious discourse and arguments as to the increase in electricity tariff by the Nigeria Electricity Distribution Companies. On the part of the government represented by the Nigeria Electricity Regulatory Commission and the Minister of Power, Housing and Infrastructure; a hike in the electricity tariff is the only a way for a sure and guarantee constant power supply.  In this vein, the Minister of Power, Housing and Infrastructure submitted thus: “ Importantly, I understand that people who have been disappointed over a long time will feel a sense of concern that again tariffs have gone up. But the truth is that these tariffs ought to have been there from day one. I don’t know why the government of yesterday was not courageous enough to tell us this was the price. “It is a painful pill that I must appeal that we swallow. It is like quinine and malaria. It’s painful; it’s not sweet, I know that, but I do it because we are not left with man...

The biggest signing of this January transfer window no doubt is Pep Guardiola with his recent contract with Manchester City; and with his transfer you could expect a pool of best players all over the world to the City. Born on  18 January 1971, Pep as he is fondly called is a Spanish who as a player played for a number of clubs including :  FC Barcelona, Brescia Calcio (twice), AS Roma, al-Ahly Club, Dorados de Sinola. Manger profile on uefa.com give a succinct profile of one of the best coaches the round-lether gave has ever produced as follow: • Known as 'Pep', he came up through Barcelona's youth ranks to win six Spanish Liga titles, one European Champion Clubs' Cup, a UEFA Cup Winners' Cup and two Copa del Rey trophies from 1990 to 2001. Also had spells with Brescia, Roma, al-Ahly in Doha and Mexico's Dorados de Sinola before ending his playing career in 2006. Won 40 caps and Olympic footballing gold with Spain in 1992, but missed the 1998 and 2002 ...