Following the dip in gross domestic products, GDP, for fourth quarter Q4, 2015 reported last week by the National Bureau of Statistics, NBS, analysts have delved into how and why the economy got to the declining year end.

THE announcement by President Muhammadu Buhari that Nigeria will join ISMAT, a Saudi-led military coalition of Sunni Muslim countries fighting rival Muslim factions in the Middle East is capable of destabilising Nigeria and unsettling its already seriously challenged unity in diversity. It is not only against the constitution of the Federal Republic of Nigeria, but more than that, it is liable to reduce Northern Nigeria and the nation a whole to a theatre of Muslim proxy wars as we see in Yemen, Syria, Libya and other countries.

Governor Ifeanyi Ugwuanyi of Enugu State through the governing council of the college has entered a partnership that will see the German International Training and Support, ITS, develop technological and vocational syllabus for the Enugu State College of Education Technical, ESCET, in a bid to shore-up the technological base of the institution to produce teachers of sound technological disposition.

Minister of Budget and National Planning, Udoma Udo Udoma, says that infrastructure remains a critical element in the growth of any economy. The minister said this lastw eek during his meeting with a delegation of the management of The Infrastructure Bank (TIB), led by its Chief Executive Officer, Mr. Adekunle Oyinloye, in Abuja.

As I’m talking to you, $20bn is in various domiciliary accounts of individuals. Naira is our currency, why are they keeping the foreign currency? From my experience in international finance, I have never seen a country where its nationals speculate on its currency”. The preceeding is an excerpt from the presentation of Dr. Joseph Nnana, CBN Deputy Governor (Financial Systems Surveillance) at a recent meeting with the Joint Appropriation Committee of the National Assembly.