Breaking News
Translate

Nigeria: Too many ideas

Nigeria is a country of 167 million people by the current population estimate. Just as the population is fast growing, so are the ideas of how to grow the economy. Just as every Nigerian is a football coach, so is every Nigerian a development economist. Each person has his/her own idea and whether they are motor park economists or classroom economists, whichever group gets the ears of the powers-that-be has its way.

Read More

Budget 2013 may be frustrated, if crude prices continue to drop

In an article on this column on May 30, 2012, titled “The proverbial rains are here,” many Nigerians including the Federal Government, did not take the warning seriously. In Washington DC on Thursday, Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonzo-Iweala, called an emergency press conference to warn the nation of the impending drop in the nation’s finances as a result of falling oil prices and the continued vandalisation of pipelines by oil thieves.

Read More

How real are Chinese investments in Nigeria?

In recent times, there has been growing concern over the genuineness of Chinese involvement in Africa and Nigeria in particular. The concern is borne out of the fact that China in its appetite for oil, in particular, to fuel its growing economy, is busy buying oil blocks and mineral resources from existing investments at any cost.

Read More

The Structure of Nigeria

Two weeks ago on this column, I wrote on why Nigerians should not blame the colonial masters for the problems facing the nation, but Nigerian leaders, who have failed the nation because of their class interest. Up till last week, readers were still sending their reactions. One of such is this article below.

Read More

Crude oil thieves will soon ask for amnesty

Nigeria for all intents and purposes is a very funny country. It is a country typified by the famous Animal Farm drama. The pigs were the top rated animals that profess to be equal to all others, but were sleeping on beds while others were outside on ground in the cold. The truth is that whatever any one says, Nigerians are not all equal.

Read More

AMCON, Bi-Courtney, who is fooling Nigerians?

Last week, Asset Management Corporation of Nigeria, AMCON, came out with a statement that it is working out an out of court settlement between it and Babalakin, whom the corporation had accused of owing it some huge amount of money and was unable to pay. Hence it took over its choice property in Victoria Island. AMCON had told Nigerians that it secured a court injunction on the property. Babalakin had countered that the property in question was not mortgaged as claimed by AMCON and that he did not owe. Rather, it is government that owes him.

Read More