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Sobowale On Business

Oshiomhole versus soludo at vanguard economic forum – 2

LAST week, the first part of this series ended abruptly at a point which would make continuation from that point this week confusing to readers. So permit me to start the 2009 article from the beginning once again. Thank you.

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Ministry of transport is starting a quiet revolution in the South-West

WHEN Buhari announced his cabinet members and granted the Ministers portfolios, nobody could have selected the Minister for Transport, Rotimi Amaechi as the minister most likely to succeed in the first term. Compared with appointees from the Southwest and Southeast who had received rave reviews as governors of their states or prolific National Publicity Secretaries, Amaechi apparently had no chance to top the class of 2015 Ministers.

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Tourism as an income earner and our self-deception

THE story by Anna Okon quoted a report titled The Nigerian Hospitality Report by Jumia Travels recently. That should not surprise those of us who travel all over Nigeria extensively every year. This writer visited only twenty seven states last year. That has been the lowest number in the last ten years; unlike 2011 when at least one visit was made to all the thirty-six states of Nigeria.

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Another bad year for investors on the NSE:

It is sad that in 2017, one has to repeat the same warnings to those with investments on the Nigerian Stock Exchange, NSE. For three or four years in a row, it has been in steady decline. Yet some people still place their funds in it or leave them there. Last year, investors lost over N1 trillion on the aggregate. They are set to lose more in 2017. but first read a previous warning. Then we meet again next week.

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Go tell it to Nigerians the optimists are leading

Ordinarily, it would have required up to the second half of the year for those in the minority to start saying “I told you so!” But, fortune and research had combined to provide optimists an early advantage in the competition for the minds of Nigerians. For this writer, this turn of events was expected and the reasons had been pointed out in the December article. But, the pessimists might have ignored it as hearsay and unreliable information, while the optimists might have missed its significance altogether.

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Federal government building castles in the air

Dosumu attended Baptist Academy, then on Broad Street in Lagos Island, and was so good in Bible Knowledge, he was one of few members of his set who collected distinction in BK at the Cambridge School Certificate among a string of other distinctions. He went further to bag the prestigious ASPAU scholarship to study in the United States – becoming the first “Lagos Boy” to do so. He was in the Midwest of the USA where he and Dr Kalu Idika Kalu and others made Nigeria proud by their achievements. Each collected a doctorate in his field of study. Wahab’s was Engineering.

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When did annual budgets become such a joke?

The Honourable Minister was speaking in Vienna after the Organisation of Petroleum Exporting Countries, OPEC, had voted to cut supplies for six months in order to firm up the price of crude oil globally. OPEC went further to exclude Nigeria from the widespread cut because the other members had long regarded this country as the “poor cousin” whose dependence on crude revenue is almost total – unlike others. So, Nigeria was allowed to keep its 2.2 million barrels per day quota.

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Open letter to Buhari on behalf of Nigerian consumers

Mr President, Sir, you probably don’t need a reminder that there is a recession on in the country. As a matter of fact, what we have is stagflation – a wicked combination of inflation (now 18.5%) and declining GDP (now -2.4%). Most economists and marketing professionals would testify that the two translate to low purchasing power and empty pockets. Permit me to confess that I am both a practitioner of the dismal science (economics), as well as Marketing.

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Wanted: Governors who can do more with less

Newly-elected Governor Godwin Obaseki of Edo State struck the right note in his maiden address to the people of Edo State when he declared that “there is more free lunch”. He has his reasons which the tables below will pertly explain. Contrary to what some consider an early rebuke of his immediate past predecessor, it was nothing more than a bow to reality. Facts remain the eternal enemies of illusions which still drive most of our politicians promising free everything under the sun.

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