The famine this year – 1

The famine this year – 1

One of the biggest problems Presidents and Prime Ministers face, virtually all the time, is who to believe among their Ministers and Advisers – especially those who are recruited from international organisations. President Ibrahim Babangida had nothing less than four Nigerian economists who had worked for the World Bank before coming on board to help midwife the Structural Adjustment Programme, SAP, which was later to give his administration the bad name it has failed to shed till today.
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How mobile commerce redefines online retail in Nigeria

How mobile commerce redefines online retail in Nigeria

According to recent statistics, mobile commerce is worth $230 billion, about N46 trillion globally with Asia representing almost half of the market, and has been forecast to reach $700 billion in 2017. According to BI Intelligence, in January 2013, 29 per cent of mobile users have now made a purchase with their phones. Bank of America predicts $67.1 billion in purchases will be made from mobile devices by European and U.S. shoppers in 2015.

Local investment in  agric rises to 70%

Local investment in agric rises to 70%

“We have ended the dominance of government and I am optimistic that the private sector will lead Nigeria in restoring its past glory in agriculture. “ He continued “On this ground, we are together inaugurating the Agribusiness Investment Inter-Ministerial (AIM) Working Group today as a show of our commitment in delivery on our promise to facilitate your investments from early stage and throughout the investment life cycle.

Rail line rehabilitated with N1.6bn overgrown with bush

Rail line rehabilitated with N1.6bn overgrown with bush

By Jonah Nwokpoku & Ediri Ejoh The Federal Government’s newly rehabilitated rail loop lines linking various oil tank farms at Apapa, Lagos have been overtaken by thick bush, eight months after rehabilitation, Financial Vanguard investigation has revealed. The project which was handled by China Civil Engineering Construction Corporation, CCECC, has remained unused after it was completed. […]

Trapped dollars in Nigeria, money nobody wants

Trapped dollars in Nigeria, money nobody wants

For Nigerians who are old enough to remember the currency change in 1984, what is happening now is similar, though different in nature and context. In 1984, the Nigerian military government of Muhammadu Buhari in an attempt to legitimize its interruption of the democratic process through a military coup d’état directed the CBN to cause a change in the colours of the Nigerian currency. The exercise was designed to render the money alleged to have been stolen by Nigerian political leaders useless in their hands.