Nigeria: Background to economic reforms by Okonjo-Iweala

Nigeria: Background to economic reforms by Okonjo-Iweala

My introduction to economic reform in my country really began in 2000 when, at the invitation of President Obasanjo, I took a leave of absence from my job at the World Bank to return to Nigeria for six months to serve as his Economic Adviser. My remit was very specific: advise the president on how to manage Nigeria’s debt so that the country could begin the process of seeking and obtaining debt relief from its largely Western group of official creditors, all members of the Paris Club.
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Presidential imports waivers: For good or bad?

Presidential imports waivers: For good or bad?

“The bill gives significant powers to the Customs Service and ordinarily this should not be a bad thing, but it does remove powers from the President and the minister that we think are necessary to ensure that the economic agenda of the country are properly carried out as directed by the President and delegated to the minister.”

Migrating old pensioners to new pension scheme will eliminate ghost pensioners – Sogunle

Migrating old pensioners to new pension scheme will eliminate ghost pensioners – Sogunle

Stakeholders in the pension industry, particularly the regulators and operators have been exploring various strategies towards enhancing public awareness about the enormous benefits derivable from the country’s nascent pension regime enunciated in the Pension Reform Act of 2004. In this interview, Chief Executive Officer of Stanbic IBTC Pension Managers, Dr. Demola Sogunle, addresses some of the recurrent issues in pension and retirement planning in Nigeria.

BUDGET 2013: All talk; no jobs – 2

BUDGET 2013: All talk; no jobs – 2

“In modern Japan the good of the nation [is] more important than the good of the class. A poor talented and diligent boy had a chance to rise as high as he could…modern Japan was perhaps the world’s most efficient distillation system, in which remarkably little was wasted..a vital part of it was the education system: it supplied the nation with the right number of workers, the right number of engineers, and the right number of managers for every need of a modern society, but, also important, it brought to the poorest homes the sense that there were better possibilities for the children “, David Halberstam, in THE RECKONING, p 277.

Sheikh Amda wins Arco table tennis championship

Sheikh Amda wins Arco table tennis championship

Gbolahan Okuneye was in two finals, but it was Sheikh Amda who stole the limelight at the end of the day. The occasion was the 2nd Arco Petrochemicals Table Tennis Championship held at the Table Tennis section of Ikoyi Club 1938.

Crude theft: Nigeria’s oil production slumps

Crude theft: Nigeria’s oil production slumps

FOLLOWING incessant sabotage on crude oil lines by suspected oil thieves, the country’s crude oil production has dropped by 25,000 barrels per day after Shell Petroleum Development Company, SPDC, said it shut, weekend, its Imo River Trunkline Eastern operations

Youth restiveness and unemployment in Nigeria: The way out part 1

Youth restiveness and unemployment in Nigeria: The way out part 1

The words ‘youth’ and ‘restiveness’ have become so commonly used together in the last couple of years that it seems to have taken on a life of its own. In the last decade and more there has been a proliferation of cases all over the country and indeed the world, of youth agitations which have tons of people dead and valuable infrastructure as well as personal properties lost and destroyed.

Obudu ready for Saturday’s race

Obudu ready for Saturday’s race

The local organising committe for the Obudu international mountain race says it will organise another hitch free competition this weekend when the 8th edition of the race holds at the Obudu Ramch Resort in Obudu,Cross River State. Sir William Archibong,chairman of the committee disclosed at the weekend that his committee has concluded all arrangements for a perfect race on Saturday.

A focused PDP‘ll win Lagos in 2015 –  Salis

A focused PDP‘ll win Lagos in 2015 – Salis

A chieftain of the Lagos State chapter of the Peoples Democratic Party, PDP, Mr. Owolabi Salis, a lawyer, has said it was possible to dislodge the ruling Action Congress of Nigeria, ACN in the state in 2015, if PDP had unity of purpose and focus.

Terrorism: Cleric warns against reprisal attacks

Terrorism: Cleric warns against reprisal attacks

The use of weapons as solution to the incessant bomb attacks on harmless Nigerians in some northern parts of the country has been described as baseless in proffering a lasting solution to terrorism in the country.

Lam Adesina, a dogged fighter – Fashola

Lam Adesina, a dogged fighter – Fashola

GOVERNor Babatunde Fashola of Lagos State, paid glowing tribute to late former governor of Oyo State, Alhaji Lam Adesina, describing him as a dogged progressive fighter.