The Buhari government did great damage to Nigeria’s economy for the excessive money it created and threw carelessly into the economy. We’re facing the extremely negative impact of that excessive monetary expansion through its devastating contribution to galloping inflation and pernicious pressure on our exchange rate. Unfortunately, we can’t point to much positive that the money the Buhari government borrowed and created was spent upon. The Tinubu government has taken the very wrong step by attempting to take out the excess liquidity by an unprecedented overreliance on monetary policies. Raising CRR from 32.5% to 45% and interest rates by 4%…

Irish poet and one of the foremost figures of 20th-century literature, William Butler Yeats, aptly put it in his famous The Second Coming. When things fall apart, wrote Yeats, not only can’t the centre hold, even the falcon cannot hear the falconer. I find a corollary in this cause and effects thesis offered by Yeats in the narration of Reverend Richard Henry Stone. Stone was one of the earliest American missionaries to come to Africa during the nineteenth century. He was a representative of the Southern Baptist Convention and spent quality time among the people of Western Nigeria. Stone lived…