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.

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.

MoneyGram, in conjunction with Access Bank, has launched a special consumer promo tagged Access Bank MoneyGram Big Splash Promo to reward customers who undertake receive transactions at all branches of the bank between July and December this year.

The Central Bank of Nigeria (CBN) recently excluded some goods being imported into the country from the list of items valid for foreign exchange in the Nigerian foreign exchange markets. The implication of this is that those who import these items can no longer buy foreign currency from banks, bureaux de change or any other official source to pay overseas suppliers of such goods. Instead, they have to source their foreign exchange from outside the banks and bureaux de change. These items are not banned but importers cannot access foreign exchange from Nigerian banks.

Nigerians’ expectation from the new government at all levels is that the idea of sharing will be shelved and a new thinking of baking a larger cake for the nation will emerge. But Governors are already at it, talking of excess crude account that is to be shared. They have dragged as usual the yet-to- settle down president into setting up a committee to look into what the governors know too well has been shared. If this government were ready to replace old ways of thinking with the new, the Federal Government would have ignored these jobless governors.

This is a shame if the federal, states and local governments cannot be trusted with public funds. No wonder those who aspire to hold public offices always make it a do or die affair. How can they be stealing our monies and show off as if they are gods? All I am waiting to see is the so-called change that APC government intends to bring but if not, it will then be a moral burden on them as so many APC members and those decamping from PDP and other parties to APC in order to protect their ill gotten wealth.

A survey has shown that Nigerian politicians, especially state governors, deliberately involve themselves in flagrant and ostentatious expenditure as a way to show off their class, without the knowledge that their action is responsible for the underdevelopment of the economy.

By Omoh Gabriel Ambassador Tom Amolo, the Kenyan Ambassador to Nigeria last week reiterated the need for Africa to look inward when looking for solutions to its problems. Africa he said is capable of assessing itself on the progress made in the areas of good governance and economic development. Amolo said in Abuja during an […]

Former military President, General Ibrahim Babangida was once quoted at a meeting with the organized private sector during the Structural Adjustment Programme SAP, as saying that he did not know why the Nigerian economy had not collapsed.

When in 1999 President Olusegun Obasanjo assumed office as President of Nigeria, one of his intentions was to create a state-backed Nigeria enterprise that could compete with multinationals anywhere in the globe. So, Mr Obasanjo encouraged what came to be known as Corporate Nigeria. Many enterprising Nigerian businessmen were brought close to the seat of government. Many used the opportunity to carve for themselves business empires.