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Cryptocurrency ban: CBN is stifling free enterprise and making Nigeria poorer

By Olu Fasan THE recent crackdown on cryptocurrency transactions by the Central Bank of Nigeria, CBN, follows a worrying pattern. From the exclusion of importers of 43 listed items from access to foreign exchange through the official window to wider exchange controls and now a ban on digital currency trade, the Central Bank has an
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How Awolowo, Jakande infused my youth with politics 

By Olu Fasan THE death last month of Alhaji Lateef Kayode Jakande,first civilian governor of Lagos State, brought back memories of the late 1970s and early 1980s when, as a young man, I was enrapturedby politics, without being a politician. Aristotlefamously said that man is, by nature, a “political animal”. Chief Obafemi Awolowo and his
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Nigeria is stuck in a rut, yet its citizens rule the world. Why?

By Olu Fasan THE outside world is puzzled about Nigeria. How can a country be so richly endowed and yet so utterly backward? Foreigners always lament how Nigeria is badly governed, how its resources are unconscionably squandered and how it has become a fragile state. Yet, Nigeria doesn’t only have a rich natural-resource base, its
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Pity President Buhari, victim of ‘harassment’ by Nigeria’s elite

By Olu Fasan WHEN President Muhammadu Buhari said recently that Nigeria’s ‘elite’ were ‘harassing’ his government, I instinctively wanted to defend him. I may be his arch-critic, but I don’t want his government harassed unfairly. But then, I asked: Is the allegation true? Is President Buhari’s government unfairly harassed? The answer is no! Why? Well,
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Beyond new service chiefs: Nigeria needs a truly professional military

By Olu Fasan PRESIDENT Muhammadu Buhari rejected National Assembly resolutions and public demands to sack his utterly inept service chiefs. Suddenly, on January 26, President Buhari tweeted: “I have accepted the immediate resignation of the service chiefs.” But, akin to a “golden handshake”, he promptly nominated them as “non-career ambassadors”. Was there a special relationship
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