FG loses $518m to Oil Swap, OPAs deals – Adio

The Federal Government has lost approximately $518 million to oil swap and Offshore Processing Agreements (OPA) in 2013 due to inefficiencies by the Nigerian National Petroleum Corporation (NNPC) and its subsidiaries, the Economic Confidential can authoritatively report.
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PDP crisis: Despite peace moves, Sheriff insists no agreement

Despite losing some of his key supporters to the Ahmed Makarfi led Caretaker Committee of the Peoples Democratic Party (PDP), former chairman Ali Modu Sheriff remained defiant as he insisted that he has not reached agreement with anybody to relinquish his position as chairman of the party.

Abia gov tussle: Nwosu, the game changer

Since 1999, Sir Friday Nwosu had warmed his way into the hearts of Abians as a man who had distinguished himself in the service of the people. He had always been identified with pro- people causes. Described by many Abians as incorruptible and trustworthy, Nwosu is the arrow head of the campaign for power shift to his native Ukwa/Ngwa bloc which before then had not produced governor.

Why it is so hard to generate revenue in Nigeria

In the last few months, the story that many of our states are unviable and therefore unable to meet basic needs of their people such as payment of workers’ salaries has taken a firm root in everyone’s sub-consciousness. The reason for it is not only because it true but more because it has been repeatedly said even at the highest quarters. There is the hypothesis that states are unable to generate revenue because our people don’t like to pay taxes.

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