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Lies, damned lies about fuel subsidy removal in Nigeria, by Olu Fasan

Lies, damned lies about fuel subsidy removal in Nigeria, by Olu Fasan

For decades, removing the petroleum subsidy in Nigeria was a political hot potato and then a political football. The first metaphor refers to the squeamishness of some past governments about removing the subsidy. The second describes self-interested and hypocritical politicians whose presidential ambitions led them to be Janus-faced on subsidy removal. In 2012, Bola Tinubu […]
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Power show, wrong show

Power show, wrong show

What was that show of might before unarmed civilians all about? Why was it necessary for the Airforce to transport by road military hardware(?) that could be better airlifted? Where were their cargo planes?

Bearing the red flag

Bearing the red flag

I started menstruation at the age of 10. When I started, I felt strange because I thought I’d injured my self. But I could not recall how. I was so scared that I couldn’t tell my mum about it. Before it happened, I had no prior information about it, so that really made me scared all the more. It was my aunty that saw me and now told my mum about it.

CBN, FOREIGN RESERVES AND THE ECONOMY

CBN, FOREIGN RESERVES AND THE ECONOMY

In last week’s article, “Dollar Reserves: Who Owns What?” we endeavoured to lift the shroud over the amorphous concept of Nigeria’s foreign reserves. Incidentally, the Senate has lately in consonance with our position, also frowned at the illegality of the component of the reserves defined as excess crude account! (See Daily Independent headline of 23/10/2009, “Sharing of $2bn Excess Crude Fund Illegal – Senate”).

Let us deregulate now!

Let us deregulate now!

TO deregulate the oil sector or not to deregulate it is an issue. When to do so is even more of an issue. The logic of deregulation is beginning to catch on, even among sections of organised Labour. The success of the liberalised telecoms sector is a very persuasive example to cite.