Adopting a Flexible Exchange Rate Regime??? Totally Wrong

The news that the federal government is about to adopt a new FOREX policy which will make the foreign exchange market flexible has filled the airwaves. This is definitely not the best time for such policy. Here is the reason why. 

The Vicious Cycle of Poverty: The Nigerian Case

It is quite unfortunate that after 56 years Nigeria is still regarded as a third world country even though the country has crude oil, a resource that has been in demand all over the world for a long time now and that has propelled other countries like Saudi Arabia and United Arab Emirates to become developed countries.