Tough times ahead in post 2015 elections
The 2015 election will certainly come and go but the after effect may linger for a long time. Whether it is PDP or APC that eventually wins the presidential election, the party that will come to power post-election had better get prepared for the handling of the economy. As it stands, the nation is on a financial cliff that can fall off any time except a miracle happens. The one commodity that provides life support for the economy has seen its price at the international market fallen to as low as $58 per barrel.
FG, create a business friendly environment, investors will rush
Access to credit by investors is a critical factor for economic development of any nation. A country like Nigeria that says it is in a hurry to catch up with others can not but make policies that gives local, as well as foreign investors access to credit. President Goodluck Jonathan’s core economic policy is transformation of the Nigerian economy. Transformation agenda is critically dependent on the quality of investment climate.
Public Private Partnership: The new way to infrastructural provision
Recently the media was awash with the news of the revocation of the concession granted to Bi-Courtney to reconstruct the Lagos/Ibadan road which has been in a deplorable state. The decision to revoke the concession sparked off a lot of debate as to the seriousness of government to the whole idea of Public Private Partnership.
PIB: FG and oil companies, who holds the ace?
Nigeria is a difficult country to understand. It is a country where leaders’ actions are based on greed and personal interest than that of the nation at large. The Petroleum Industry Bill has been in the National Assembly for a while now begging for passage. Legislators are reluctant to pass the bill because most of the oil companies do not favour the legislation as if laws made in the country are to be determined by those who operate in the sector for which the laws are made.
Dollarisation of the Nigerian Economy: Who is to blame?
Recently while in Tokyo at the conclusion of the 2012 IMF/World Bank Group Annual meetings, the CBN Governor, Sanusi Lamido Sanusi, decried the dollarisation of the Nigeria economy. He said the President, the CBN and everybody is worried about the development. In Economics parlance, dollarisation of an economy occurs when the inhabitants of a country use foreign currency in parallel to or instead of the domestic currency as a store of value, unit of account, and/or medium of exchange within the domestic economy.
Is governance about food and drinks?
Aso Rock, the seat of federal government,has become a fortress of all sorts. There, you have political power, position, influence and dishing out of largess to the favoured. One of the easiest ways of dishing out largess in Nigeria is through contract award. Food for instance can be supplied by anybody; so to help the girls who are close to the power that be, fruits and other food ingredients are supplied on contract.
