I don’t know how it is in your part of town. But it’s been a nightmare in mine, a supposedly middle-class residential area in Abuja, Nigeria’s federal capital. Rolling blackouts do not begin to explain the depth of the misery. It’s been a dreadful time of rolling and erratic blackouts. Like surfing an angry wave, if you understand what I mean. Generators and other alternative sources of power, mostly inverters, solar panels and repurposed domestic gas, have replaced public power supply. Private power supply has become the main source; while public supply, if you ever get it, has become the…

The Buhari government did great damage to Nigeria’s economy for the excessive money it created and threw carelessly into the economy. We’re facing the extremely negative impact of that excessive monetary expansion through its devastating contribution to galloping inflation and pernicious pressure on our exchange rate. Unfortunately, we can’t point to much positive that the money the Buhari government borrowed and created was spent upon. The Tinubu government has taken the very wrong step by attempting to take out the excess liquidity by an unprecedented overreliance on monetary policies. Raising CRR from 32.5% to 45% and interest rates by 4%…