The term “dead cat bounce” derives from the fact that even a dead cat will bounce if it falls from a great height. If you imagine a dead cat soaked in crude oil and dropped from a 50-storey building, you get a rough picture of how Nigeria’s economy is performing these days. Nigeria is expected to grow 2.5 per cent this year after contracting 1.6 per cent in 2016. But the population is also growing at 2.5 per cent. So in per capita terms, things are going nowhere. The reasons for the “recovery” are twofold. First, last year’s performance was…

The renewed secessionist agitation championed by Nnamdi Kanu has triggered a chain motion of cleavage-based identification. Whether it’s the usual bandwagon attitude of Nigerians to emulate the good, bad and ugly trend or the real deal of our expanding fault lines is what time will certainly unravel. Suitability, homogeneity, compatibility of segments calling for regional recognition is another factor to contend with. Interestingly, the next alternative to secessionist call is to revert to the 1963 constitution, as agitations for resource control guarantees power to component states if true federalism is practiced. In the dust of the renewed Biafra agitation and…