Nigeria in a new Middle East, by Suleiman A. Suleiman
It was bemusing to read in the news that Nigeria has joined the Red Sea Alliance, an ostensibly “maritime security” coalition cobbled together by Saudi Arabia, along with 12 other predominantly Muslim countries in tow. The announcement exposes our current approach to foreign policy: episodic, sentimental, and reactive rather than deliberate and strategic. It has […]
Senator Misau vs IGP Idris:”Overtake don overtake Overake”
There have been so much celebration of the “whistle blowing” policy of this administration and it cannot afford to be deaf to this blown whistle
The past and present wahala of Decree 34 of 1966 (1)
Tribal loyalties and activities which promote tribal consciousness and sectional interests must give way to the urgent task of national reconstruction
FG refinances debt and adds more loans
THE recent announcement by the Federal Minister of Finance of the government’s decision to refinance the country’s debt by borrowing dollars at seven per cent instead of locally at between 13 and 18.5 per cent would have been commendable if it was not just a mere paper exercise which would still not reduce the quantum of debt the country is owing. On paper it would reduce the cost of borrowing, but at maturity it would require the country to source for dollars to repay.
Is petrol still subsidized?
PETROLEUM marketers have announced, in their communiqué of August 29, 2017, that they would commence mass retrenchment, unless government pays their over $2bn outstanding invoices, and also settles interest charges, on delayed payment and related exchange rate differentials. Nonetheless, government’s present lean revenue expectations may compel the need, to additionally borrow N720bn domestically or $2bn externally and oppressively compound the already crippling deficit of N2.32tn in the N7.4tn 2017 budget.
Insiders as Outsiders
OVER the years, the recurrent themes at gatherings of the Ijaw (Ezon) people include marginalisation despite producing most of the oil that sustains the country’s economy. They are about environmental pollution, deprivation rather than derivation and resource control.
