By Tam Alex and Adedamola Ogunbewon Please read the first part of this article where we answer the following questions: what is money and why is it necessary? The Central bank and the supply of money The Central Bank of Nigeria (CBN) was established by the CBN Act of 1958. As contained in the more recent 2007 Act…

By Tam Alex and Adedamola Ogunbewon In April 2021 the governor of Edo state, Godwin Obaseki, said that the Federal government printed an additional NGN 60 billion to be shared at the Federation Account Allocation Committee (FAAC), between all the states. This was denied by the Minister of finance, Hajia…

I consider ERCOT to be the greatest electricity markets in the world, but in February 2021 it was brought to its knees. I had questions and needed to get to the bottom of this. This was my attempt at answering those questions. — We were awake at 2am when the power went off on Monday the 15th of February 2021. It was the President’s day holiday. Our apartment was still warm, so it was not bad. By 6am the apartment was freezing, so I put on my winter jacket and then went back…

Mitchell Harvey and Tam Alex In Economic Facts and Fallacies, Thomas Sowell argues that housing regulation and zoning laws, not markets, are to blame for the modern scourge of unaffordable housing. Sowell is still right. …

By Mercy Dominic In the wake of the insecurity and general unrest following the #EndSARS protest last year, Nigerians received a reminder that their right to freedom of speech has been under threat for quite some time now. …

We start with Lagos I recently saw this tweet that has come to embody economic policy in Lagos and the whole of Nigeria today. The government taxes anything that moves! Recently the Lagos State government imposed some new regulations upon e-hailing taxi services like Uber and Bolt. In the document released by the…