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Recession: Not so, Mr Vice President


The Vice President and the head of the Federal Government’s Economic Management Team (EMT), Prof Yemi Osinbajo, was recently quoted as saying: “If we did not have vandalism in the Niger Delta as we are currently suffering, we will not have this recession today.” Mr Vice President, we disagree.

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Customers besiege banks as BVN registration deadlines expires

Our banks need help

Any economy is as strong as its banks. So, if this is “our worst possible time”, then no sector of the economy reflects our situation better than our banks. That many are hanging on the ropes is obvious. We will mention a few reasons they may be in this situation for a long time to provide food for thought for the Federal Government and the Central Bank of Nigeria (CBN).

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That ill-advised suspension of banks from forex market

Although all the nine banks –First Bank, Diamond Bank, Sterling Bank, Skye Bank, Fidelity Bank, United Bank for Africa, Keystone Bank, First City Monument Bank, and Heritage Bank — suspended from the foreign exchange market have since been readmitted by the Central Bank of Nigeria (CBN), the episode points to the need for caution when the regulatory authorities decide to wield the hammer to redress perceived violations.

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Malnourished children at Bama IDP camp, Borno

Probe the IDP feeding crisis now

Within 24 hours of the visit of Alhaji Aliko Dangote and the co-Founder of The One Campaign, David Hewson of the U2 rock group to the Internally Displaced Persons (IDPs) camps in Maiduguri, the IDPs went on another street protest, the second within one week, alleging ill-treatment and poor feeding by government and other supposed humanitarian agencies.

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