Nigeria hiking of interest rate is like playing with Russian Roulette

By Emeka Chiakwelu “Ceaseless jacking up of interest rate will further soften naira, impeding industrial growth and accelerating inflationary trends.” – Emeka Chiakwelu Nigeria is in dire economic straits and the de-pegging of the naira is not making things better in foreseeable future. As unrestricted naira continues to float, its value nosedives, weakens and deteriorates. […]

Chief Willie Obiano, Anambra State Governor – AFRIPOL PERSON OF THE MONTH

By AFRIPOL Something great is happening in Anambra State of Nigeria. This is not short of intellectual, economy-metaphysical and human capital revolution. The salaries of Anambra State workers are paid on time, even with incremental benefits, the schools are excelling and are scoring the best results in the WASSCE, Nigeria. In addition, there are fly […]

UK Foreign Minister – Boris Johnson referred to Africans as “watermelon smiles”

  By Emeka Chiakwelu …Boris Johnson is an embodiment of a colonial nostalgia. The blond red-faced bombastic rabble rouser is back again on the international news-scene. I am talking about Boris Johnson, the former mayor of London, who aspired to become UK prime minister before he changed his mind. Boris was appointed the new British […]

Opinion: President Buhari or IMF – Who has better policy on Naira‘s elasticity

    By Emeka Chiakwelu The currency of a nation is a vanguard bulwark and safeguard to the wealth of a nation. Nigeria’s naira holds the intrinsic and inclusive value to country’s GDP and wellbeing. A deteriorated and weaken naira invites aggressive currency speculators to devour the wealth of a nation. Naira value must be […]

Naira Floats: IMF prevails as pending doom looms

  Emeka Chiakwelu, AFRIPOL By Emeka Chiakwelu Here comes the big trouble, for with floating of naira comes massive devaluation, Hyperinflation and higher interest rate. Nigerian government has finally bowed to recommendation by masterly International Monetary Fund (IMF) to devalue naira by allowing the embittered currency to float. Nigerian government cannot be accused of dithering; […]

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