ELDER statesman Dr. Tunji Braithwaite once recalled how his mother just six years into Nigeria’s independence asked poignantly “when will this independence end?”. That was how brutal the old woman could put the simmering signs of failure in such a short period. If you are perceptive enough ,you may not have all the tips on how to seed but you sure must identify the signals of failure.

WHEN Republicans last week held their kitchen-table “debate” for candidates who did not make the top ten in the polls according to Fox News that hosted and televised the event, you would have thought the occasion was specifically designated as a bash-Hillary Clinton affair. Later the same night when the top ten candidates virtually traded insults among themselves, their common theme was how to mount a serious attack at Hillary Clinton’s bid for the US presidency.

WHEN I was Acting General Secretary of the Nigeria Labour Congress (NLC) in 2011, we ordered workers’ strikes following disagreements on the implementation of the new Minimum Wage. Ogbeni Rauf Adesoji Aregbesola, Executive Governor of the State of Osun asked me for a discussion in Abuja.

The story went on to state the reason for the take over. According to the report by Everest Amaefule, “Following the declaration of force majeure by Integrated Energy Distribution and Marketing Company, the core investor in the Yola Electricity Distribution Company, the Federal Government has taken over the beleaguered power firm.”

Notwithstanding, the CBN has again assured Nigerians, that the current Naira rate would be stable, as it is inappropriate for the tail (i.e. the small parallel market) to wag the dog. Nevertheless, the CBN may have been in denial of the inflationary potential on the economy of the ultimately higher market prices for rice and 40 other items recently banned from official dollar purchase.