Columns

FG and Umahi’s roads to hell – 2

By Dele Sobowale The Benin-Agbor-Asaba highway to sudden death symbolizes everything wrong with how the Federal Government and Minister David Umahi have been managing Nigerian roads. The horrors of that road are being replicated everywhere – as will be demonstrated shortly. Umahi obviously is the wrong man for one of the most important assignments. Nigeria’s […]
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Why are we still borrowing?

The national debt burden, which was about $32bn in 2006 was regarded as excessive and unsustainable. Consequently, we were encouraged to part with $18bn in order to cancel most of our external debt. Inexplicably, just six years down the line, Dr. Ngozi Okonjo-Iweala, who as Finance Minister incidentally ‘midwifed’ the controversial debt payout in 2006, now confidently assures Nigerians that our current debt burden of about $45bn is nothing to worry about, since, at only 17%, it falls well below the critical debt to GDP benchmark of 40%! The Coordinating Minister of the Economy is obviously unfazed that the average cost of servicing over N6 Trillion of these debts annually is in excess of 15% in place of 1 – 7% for such risk-free sovereign debts elsewhere.

Time to go Dr Okonjo-Iweala – Part 3

“If fuel subsidy removal is going to be your opening gambit in this complex game of economic-chess, you might as well return to your desk at the World Bank.” Dele Sobowale, August, 20II. Advice given to Dr Okonjo-Iweala.

State Police, no State Police

Imagine yourself on a Nigerian highway, say the interstate stretch between Enugu and Onitsha. The hazards are many, including uneven corrugations and potholes or craters formed from the culture of neglect of public utilities.

Re: Violence & helplines

There’s nothing as frightening and distressing as being helpless in the face of violence, most especially when your life is at risk. Most of the confidence that keeps the majority of the people going comes from knowing that when you’re in trouble, or have a problem, you have a reliable source of help at hand.

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