Lagos—For allegedly defrauding a prospective land buyer of N120,000, 79-year-old Titus Olumide was recently sentenced to two years imprisonment by Magi-strate A. T. Omoyele of an Ikeja Magistrate’s Court, sitting at Ogba, Lagos.

Rivers State Government has denied an online report that the governor, Mr Nyesom Wike, is a sponsor of Niger Delta militant group, Niger Delta Avengers, NDA.

A seemingly responsible fiscal plan will become unimplementable, in the modern era, if the underlying monetary indices are out of sync with budget projections. Conversely, the stubborn sustenance of appropriate monetary benchmarks for inflation, cost of funds and exchange rate may still rescue the performance of an otherwise bad budget.

RECENTLY, the World Bank in its Doing Business Reports 2016, ranked Nigeria 124th on the global ‘Ease of Doing Business.’ This was a slight improvement from the 127th position the country occupied on the competitiveness index last year. The slight improvement recorded by the country, came about as a result of the relentless efforts of the Corporate Affairs Commission, CAC, to improve investment climate across the country.

In 2008 economists had predicted a temporary economic crisis. Today we know that there is nothing short-term about the economic slowdown. Our socio-economic system based on unlimited wealth accumulation has worked, and continue to do so, fantastically well for just a few, while hurting the large majority of citizens with poverty, widening inequality and little to no effective democratic participation.