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The disintegration of Oshiomhole

The disintegration of Oshiomhole

Oshiomole argued that while the current democratic dispensation started in 1999, the call for the restructuring of the country was instigated by those who lost out in the 2015 general elections

Paul Kagame as a Lenin and a Tsar

Paul Kagame as a Lenin and a Tsar

LATE  Kenyan political scientist Ali Mazrui once described Kwame Nkrumah of Ghana as “a Leninist Czar”.  He argued that Nkrumah had his positive side as a revolutionary leader committed to justice and social transformation, but was also a despot who brooked no opposition. That sobriquet captures the moral paradox of Paul Kagame’s statecraft in Rwanda.

FG refinances debt and adds more loans

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.

Corruption: Which is worse: N400bn bribery or $15bnplus theft?

Corruption: Which is worse: N400bn bribery or $15bnplus theft?

THE publication of the report of the National Bureau of Statistics’ survey titled, “Corruption in Nigeria; Bribery: Public Experience and Response,” triggered extensive public conversation regarding, the consolidated nationwide value of over N400bn bribes, reportedly paid between April 2015 – May 2016. The 2017 report, estimated that a total of 82.3 million bribes at an average of almost one bribe of N5300 each was paid annually by every adult Nigerian.