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The Naira abuse palaver, by Dakuku Peterside

The Naira abuse palaver, by Dakuku Peterside

THERE is no disputation that Naira abuse or more specifically the act of spraying money at social events has become an acceptable norm or cultural practice in Nigeria. Nigerians have a cultural affinity for lavish social gatherings. Many people regard these occasions as a means of displaying social status and wealth. Spraying Naira notes, and other […]

Pushed to the wall over state police (2), by Eric Teniola 

Pushed to the wall over state police (2), by Eric Teniola 

From last week, continues the relevant quotes from the 1963 Constitution which made the establishment of the Nigeria Police possible, while abrogating regional police. Reference: Section 105 (7) Nothing in this section shall prevent the legislature of a Region from making provision for the maintenance by any native authority or local government authority established for a […]

TINUBUNOMICS: The rich getting richer, the poor getting slaughtered

TINUBUNOMICS: The rich getting richer, the poor getting slaughtered

“Yes, we will do anything for the poor man; anything but get off his back.” — Leo Tolstoy, 1828-1910.

IF the first year of  Tinubunomics is an indication of what is in store for the middle class and the poor people of Nigeria, then, it is time to abandon hope. Information available to us daily proves beyond reasonable doubt that while Nigeria’s globally rated billionaires have become increasingly richer, the rest of us have become poorer. Start with the banks. Despite the poor performance of the economy, all the banks have declared astonishing profits for the year 2023 and correspondingly high dividends as a result. The chairman of the bank, sitting on billions of shares will rake in billions of naira; the middle class owner of a few hundred thousand shares goes home with a few hundred thousand naira.