Breaking News


No basis to hike electricity tariff

In a country where electricity supply has permanently been abysmally poor and most consumers provide their own power supply, it is puzzling to hear of constant tariff increments by electricity companies.

Read More

Allow peace to reign in Kogi

As Kogi, like other states which are in dire financial straits, grapples with the payment of salary and pension arrears, Governor Yahaya Bello and Senator Dino Melaye are embroiled in a political supremacy battle. Senator Melaye, who represents Kogi West Senatorial District, accuses Governor Bello of masterminding his recall bid from the National Assembly.

Read More

FG must act on our low taxation

THE Director General, Budget Office of the Federation, Mr Ben Akabueze, while defending Nigeria’s rapidly-increasing debt burden (which he called “sustainable”) also pointed out that our real problem is our low revenues. He also admitted that we have the lowest tax-to-GDP ratio in the African continent and one of the lowest in the whole world.

Read More

Give Osinbajo free rein to work

THE President’s Media Office recently circulated a press statement that President Muhammadu Buhari, through the Minister for Budget and National Planning, Senator Udoma Udo Udoma, directed Acting President Yemi Osinbajo to sign the 2017 Appropriation Bill as passed by the National Assembly.

Read More

Kudos to Police on arrest of “Evans”

The much-vilified Nigeria Police Force, NPF, has something to crow about after consistently being in the news for its inability to rein in rampaging criminals across the country. The Force has the right to celebrate the recent exploits of its men in tracking and nabbing Chukwudubem George Onwuamadike, popularly known as “Evans”, the leader of a highly- organised syndicate responsible for the kidnap of prominent Nigerians across the country.

Read More

Fiscal federalism viability of states

A recent report published by Vanguard has pointed out that only six states out of 36 were able to outpace the Federation Accounts Allocation Committee, FAAC, allocations to sustain governance with internally generated revenue, IGR, in 2016. Though this is even a base-level statistical representation of the problem, it shows heavy dependency of the states on federal allocations for survival.

Read More

Before the Senate roundtable on banks

THE Senate, last week, said Nigeria’s banking sector is being run by a cartel which frustrates the monetary and fiscal policies of the Federal Government, adding that bank owners have become so strong that they now manipulate the economy. This came with Senators’ condemnation of the high interest rates which they said were “imposed by banks.”

Read More

Let the law prevail at PENCOM

There are few examples of government-guided sectors that have drawn positive marks as the country’s pension industry. In an environment where government affairs are run with laxity and corruption, it is gladdening that the involvement of a new pension regime in 2004 turned around an industry that was before then steeped in sleaze and maladministration.

Read More

Go out, register to vote

THE Continuous Voter Registration, CVR, exercise being conducted by the Independent National Electoral Commission, INEC, is another opportunity for millions of Nigerians to enrol in the national voter’s register. The exercise is in compliance with Section 10(1) of the Electoral Act, 2010 (as amended) which stipulates: “Without prejudice to Section 10(5) there shall be continuous registration of all persons qualified to be registered voters.”

Read More

Stop this nonsense, now!

Periods of social anomie open opportunities for delinquents to thrive in society. And so Nigerians discovered on Tuesday, June 6, 2017 when separate groups of self-styled Northern youths at a joint press conference in Kaduna, issued an infamous declaration that ordered Igbo living in the North to leave the region before October 1, 2017.

Read More