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Editorial

De-risking budgetary borrowings

An emerging controversy over Nigeria’s deficit funding is gradually taking the centre stage as more concerns over 2016 fiscal year come up.

Last week, Fitch Ratings, one of the world’s leading economy rating agenccies indicated that the emerging fiscal and monetary policy responses to the oil price crash may lead to a further downgrade of its Nigeria rating, thereby increasing country risks for all forms of capital inflows including borrowings.

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ZIKA VIRUS ALERT: Pregnant women are urged to stay away from regions affected by the Zika virus outbreak due to the risk of brain damage to foetuses.

Facing down the Zika virus challenge

ON February 1, 2016, the World Health Organisation, WHO, declared the Zika virus infection a public health emergency of international concern, following widespread reports about its suspected role in causing birth defects among newborns when pregnant women are infected. The WHO says it expects 3-4 million Zika infections in the Americas over the next 12 months.

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Kaduna-Nzeogwu

Remembering January 15, 1966

It has been an annual ritual for January 15, of every year to be remembered in special ways by various political interest groups, including the Nigerian Armed Forces. The reason for this is not farfetched. Apart from the day Nigeria was amalgamated in 1914 and the day she got her Independence from the British colonialists, January 15, 1966 was the day that the destiny of Nigeria was totally and painfully redefined. It was the day a bloody coup that ended the First Republic and brought in the military also triggered a counter-coup that plunged Nigeria into its historic civil war.

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Keeping an eye on the Saudi/Iran row

Nigeria  must watch the  new frontier of conflict which is developing between the Kingdom of Saudi Arabia and the Islamic Republic of Iran with keen interest and grave concern. These influential and powerful Muslim countries in the perennially conflict-riddled Middle East  took their simmering animosities to active mode when Saudi  Arabia  executed radical Shiite cleric,
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Lassa fever outbreak

BARELY a year and a half after the Ebola plague and its containment, the nation is grappling with another scourge, Lassa Fever. So far, 41 lives have been lost and cases have been confirmed in 10 states accross the country namely: Plateau, Gombe, Bauchi, Taraba, Nassarawa, Niger, Kano, Edo, Ondo and Oyo. There were unconfirmed cases in Lagos and Rivers. The situation has fuelled a fresh fear of more loss of lives if urgent steps are not taken to stem the tide of its spread.

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Appeal Court’s conflicting judgments in election petitions

IN every constitutional democracy, the judiciary is one of the major pillars that sustains its principles and tenets. It is an embodiment of equity,fairness,justice and rule of law. Without the judiciary which is regarded as the last hope of the aggrieved,law and order will stand on their heads. It is against this backdrop that justice must not only be done by the institution but must be seen by all to have been done.

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IMF and Budget 2016 (2)

AS Nigerian fiscal and monetary policy authorities and political leaders receive the team of economists from the International Monetary Fund, IMF, who are expected to scrutinise the 2016 budget and possibly the Medium Term Expenditure Framework, MTEF, 2016 – 2018, we expect utmost care on the part of the public policy executives to delineate Nigeria’s national interest from classical economics.

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imf

IMF and 2016 budget

LAST week was quite eventful for Nigeria and the challenged economy. The Manging Director of the International Monetary Fund, IMF, Ms Christine Lagarde, held extensive meetings with the nation’s political and economy elite. Amongst them were the Governor and executives of the Central Bank of Nigeria, the Finance Minister, Mrs. Kemi Adeosun, Budget and Planning Minister, Mr. Udo Udoma, the leadership of both chambers of the National Assembly as well as chief executives of commercial banks in the country.

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