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Sobowale On Business

State of Nigerian economy at halfway mark – 2

Professor Soludo, ex-Chief Economic Adviser to President Obasanjo and former Governor of the Central Bank of Nigeria, CBN, is an intriguing fellow.

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The Nigerian economy May 2015-2017: A catalogue of failures (1)

WE have such a leader in Nigeria today in President Buhari. Some who voted and canvassed for votes for him were aware of the fact that the man was last in Government in 1985. That was thirty years before he remounted the saddle in 2015. Again some were aware that Harold Wilson, British Prime Minister had warned that “A week in politics is a long time”. (VANGUARD BOOK OF QUOTATIONS, VBQ p 271).

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State of the nigerian economy at half-way mark

ON May 29, 2017, the Buhari administration will be two years old; that means it would have reached the half-way mark of its four-year tenure. Nigerians should, right now, disregard those crack-pots talking about second term. The focus should be on mid-term assessment. Plainly asked it comes down to: What has been achieved in the two years under Buhari? Put another way: “Are we better off now than in 2015?

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The $289m special vote for nia was economic sabotage

FOR any economist worthy of the name it must have appeared like fiction or fairy tales. Who would have thought that a President of any nation, even a Banana Republic, said to be a Ph.D holder would in one day sign off N289 million to a security outfit without authority from the National Assembly, NASS, and have the funds withdrawn illegally from a government agency? Saul Bellow has pointed to how power destroys the sanity of most people. But, power allied with stupidity amounts to a double curse on the people led by such individuals. As German philosopher Frederick Von Schiller, 1759-1805 (VBQ p 235) has advised us “Against stupidity [of the leaders] the gods themselves struggle in vain.”

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The CBN is winning but pessimists still complain

THOMAS Hardy, 1840-1928, great British writer, once said that “a pessimist is the person who looks at the worst possible contingencies.” (VANGUARD BOOK OF QUOTATIONS, VBQ, p 186). No Federal Government official has been plagued by more pessimists in the last two years, but especially since January this year, than Mr Emefiele, the Governor of Central Bank of Nigeria.

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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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