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Running the economy without oil wealth

Running the economy without oil wealth

THERE were two major national problems our military rulers managed poorly. First was the enormous wealth that came our way in the oil boom of the early 70s. One martial ruler said his headache wasn’t money: It was how to spend it. Whereupon the country under him took upon itself the Father Christmas role. We gave and gave to African countries that were not as oily endowed as we were. When we could no longer locate the needy in Africa we turned to shores outside the continent.

Relaxation of monetary policy yet to impact economy — LCCI

Relaxation of monetary policy yet to impact economy — LCCI

Lagos—The Lagos Chamber of Commerce and Industry, LCCI has said the relaxation of monetary conditions is yet to impact on the cost of funds in the economy and predicted that the Gross Domestic Product, GDP will rebound in 2016.

Communities to lose land for bunkering activities —Navy

Communities to lose land for bunkering activities —Navy

THE Nigerian Navy Ship, NNS, DELTA, in a move to end illegal bunkering activities in its domain, has warned communities not to allow illegal refining activities in their area or else such lands shall be forfeited to the Federal Government in its new strategy.

Akanu Ibiam Int’l Airport:  S’East stakeholders allege sabotage

Akanu Ibiam Int’l Airport:  S’East stakeholders allege sabotage

Some stakeholders in South East have raised alarm over an alleged plot by some people in Nigeria, especially the Federal Ministry of aviation staff, to sabotage flight activities at the Akanu Ibiam International Airport, Enugu, to give the impression that it was not suitable to render international services.