Friday, February 09,
2018 08:43 AM / FDC
The 2019 election was put
in fast forward by Chief Obasanjo's poison letter to President Buhari.
The economy, therefore has
now become secondary in the national discourse. The prism from which
macroeconomic analysis is being viewed is now more from its impact rather than
the data direction.
The APC is now forced to
emphasize impact of policy rather than numbers. Team Buhari will need to
be seen as being responsive rather than defensive. The inflation numbers
are expected to be announced on February 14 and is likely to show an
improvement. With no MPC quorum, how does the Government ensure that
interest rates decline and that Banks lend to small and big businesses?
The exchange rate is
expected to be relatively stable in the weeks ahead even though oil price has
lost 12% in 2 weeks.
The impact of policy
making at a time of legislative/executive deadlock is what Bismarck Rewane and
the FDC Think Tank discussed at the LBS Breakfast Session. This includes
the possible implications on your business.