In the late 1980s and early 90s, one Frank Olize, now late, of NTA Newsline on Sunday set out in search of the common man in Nigeria. The search took him to several towns across the country in search of that one man who is a common man. But to his dismay, every Nigerian on the street saw himself as a common man. In the end, Frank returned to his base with the conclusion that the search will continue. He never found the Nigerian common man.Read More
Working in Nigeria is quite interesting and as well, very challenging. Public sector workers have to use their meagre salaries to fend for themselves, their immediate and extended families. In a country where the minimum wage is N18, 000 per month and the rate of inflation runs sky high, the average Nigerian public sector worker finds it challenging and begins to cut corners to meet up with his daily expenses. There is no efficient and subsidised transport system, no functional housing scheme to guarantee the workers’ welfare.Read More
When President Muhmamadu Buhari was elected in April 2015, the expectation of Nigerians was that he was well prepared for the task ahead having attempted to occupy the high office three times and failed but succeeded at the fourth attempt. But to the surprise of many after taking office, it took the President and his party almost five solid months to nominate ministers for senate confirmation. The list expected was kind that will get the nod of majority of Nigerians.Read More
AYOBAMIBA wrote and said “If Buhari is keen and sincere about fighting corruption, he should stop this unnecessary media hype of motion without movement and develop a solid anti corruption framework and bill and send it to the NASS on the brutal war against corruption. To me what APC and Buhari had been doing is akin to what I will call fondling and romancing corruption. APC and Buhari are rather in my opinion fondling and romancing corruption, praising and exalting corruption instead of engaging it in a brutal war.Read More
Investors across the world are losing their investments in stock and property owners are also suffering losses as a result of depreciation in currencies. With deepening gloom over demand growth from the world’s second-biggest oil user, and expectations for a significant build-up in surplus oil stocks this year, most oil traders are unwilling to stabilize crude oil prices. The market seems to be stuck in a relentless downward trend.Read More
Nigeria is a country of ironies. Issues are not treated on merit. Every leader follows his fancy and Nigerians just tag along. There is no clear cut national policy or direction. Today, it is President Muhammed Buhari’s fancy that Nigerians are just kicking one another for. Buhari’s body and vocal language is war on corruption. As it now seems the APC and the President are making it look like everything about Nigeria is corruption.Read More
There has been pressure in recent times from within and outside the country for Nigeria to devalue the Naira for the third time this year.
The call is in every sense of the word self-seeking for investors who want to take advantage of Nigeria. The most recent is that coming from JP Morgan which from the look of it, is outright blackmail.
Nigerian governors have not stopped to amuse me. They are so empty in thought and imagination that whenever it pleases them, they speak tongue-in-cheek. They double-speak and dance naked to please their mentors or to get political advantage. Development in the country in recent weeks has shown how shameless these small men in agbada can be. They throw up figures they know are not correct to distract public attention from them.Read More
As crude oil prices dived lower threatening to dip below $40 a barrel for the first time since the financial crisis of 2008 and notching their longest losing streak since 1986, economies around the world are catching cold. Investors across the world are losing their investment in stock and property owners are also suffering losses as a result of depreciation in currencies. With deepening gloom over demand growth from the world’s second-biggest oil user, and expectations for a significant build-up in surplus oil stocks this year, most oil traders are unwilling to stabilize crude oil prices. The market seems to be stuck in a relentless downward trend.Read More
President Muhammadu Buhari recently appointed a new Managing Director for the Nigerian National Petroleum Corporation, NNPC. The appointment drew applause as usual from ever-ready Nigerians to sing the praises of those in power. Many did not look closely at the process involved in the appointment and the implication for the future of NNPC and the Nigerian oil and gas industry. The new Managing Director, many have said, hit the ground running because on the first day of his assumption of office, he fired the existing executive directors and brought in new persons.Read More
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.Read More
Behind the façade of stability, the rebalancing triggered by the price collapse has yet to run its course, and it might be overly optimistic to expect it to proceed smoothly. As a result of the above oil market scenario, the incoming government will have a herculean task running the country effectively. Many states will not be able to pay their bills, same with the Federal Government.Read More
It is atypical for an American president to invite a nascent African head of state to the White House, especially less than one month after the latter’s inauguration. To some observers, therefore, US President Barack Obama’s invitation of his Nigerian counterpart, Muhammadu Buhari, for a White House parley scheduled for July 20 would seem to be an aberration and a surprise. But an analysis of both leaders’ circumstances suggests that such a meeting is a no-brainer.Read More
Buhari’s economic managers should consider increasing spending in sectors, projects and programs that boost the economy; generate employment and promote inclusive growth. These sectors include infrastructure, mining, labor-intensive manufacturing, agro-processing, health and education.Read More
The recent controversy over dividend paid by the Nigeria Liquefied Natural Gas Company, NLNG, portrayed Nigerian politicians as neophytes who do not fit well into civilized political culture. In the wake of the controversy, each side of the divide — PDP and APC — sought to outdo each other by a holier-than-thou attitude. In a cultured and disciplined society, Nigerians should have seen beyond these smart alecs who parade themselves as political leaders.Read More