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Tinubu’s misery ‘relief’ plans: A blatant electioneering ploy, by Olu Fasan

Tinubu’s misery ‘relief’ plans: A blatant electioneering ploy, by Olu Fasan

Economic reforms are universally measured by their impacts on the living standards of ordinary citizens, but President Bola Tinubu judges his reforms by macro-economic statistics that have absolutely no bearing on the wellbeing of ordinary Nigerians. More than three years after their introduction, Tinubu’s economic reforms have had devastating social consequences, deepening poverty, hunger and […]
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Thinking Nigeria

Thinking Nigeria

A wise man is he who imbibes the wisdom of other people; Nigerian leaders need to imbibe the wisdom of other leaders and steer the country from the rough seas of insecurity, incompetence, parochialism and want, to the calm harbor of inclusive development

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.

The phenomenon of Biafra (4)

The phenomenon of Biafra (4)

Going back to constitutional matters, historians agree that the 1954 constitution established a serviceable federal structure by delineating spheres of activity in respect to which the regions exercised authority