Nigerians want to be lied to. We claim to seek the truth, to desire honesty from our leaders. Yet we’re all too comfortable with lies. It is our complacency, our acceptance of socio-economic backwardness as the norm which is the true cause of today’s recession. In a country where overnight oil millionaires influence public thinking and monopoly capitalism is the only unchanging policy, recession was almost inevitable, given our refusal to invest in anything else beyond rhetoric. We never imagined there could be an end to the quick and easily obtainable oil rents our entire society survives on.

It is with the above in mind that I recommend the following:
a.Build and strengthen institutions that will outlive individual governments – Governments will come and go but strong governmental institutions will last forever. Government should therefore strengthen institutions such as the NJC to further enhance its capacity to perform its constitutional duty.

FIDEL Alejandro Castro Ruz took his final breath on November 26, 2016 taking along with him our beloved Fred Agbaje,Lagos-based activist Lawyer;and bringing closure to a long era.

Newly-elected Governor Godwin Obaseki of Edo State struck the right note in his maiden address to the people of Edo State when he declared that “there is more free lunch”. He has his reasons which the tables below will pertly explain. Contrary to what some consider an early rebuke of his immediate past predecessor, it was nothing more than a bow to reality. Facts remain the eternal enemies of illusions which still drive most of our politicians promising free everything under the sun.

There is a limit to which you can grow a business with personal savings; invariably, sustained growth and expansion require additional capital, which may be subscribed or borrowed. It is less risky, for example, to borrow, if loanable funds come with cheaper rates below 5%, especially where gestation is necessarily extended; besides, easier access to cheap funds generally stimulates businesses to create more job opportunities. Furthermore, material inputs, similarly financed with low interest loans, will also reduce production cost, and sustain consumer demand with affordable prices.