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Rational Perspectives

MMIA: Passenger torture from arrival hall to car park!

passengers

By Henry  Boyo THE Murtala Muhammed International Airport, which was commissioned over 40 years ago, remained, Nigeria’s premier gateway, until, the new Abuja, International Airport was commissioned this year. Regrettably, in retrospect, since, the MMIA was opened, there was no major attempt to refurbish and sustain smooth running operations at the earlier celebrated aviation facility.
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Sowore, Soyinka, Shehu, Revolution now

SOWORE: ‘They’re going to come after me, no question about it’

THE undeniably violent, heavily armed, and merciless Extremist Group, Boko Haram, who have, systematically, decimated tens of thousands of Nigerians, clearly remain the major present security threat to the Nigerian government; although, other ethnic, regional or political associations such as IPOB, MASSOB, Afenifere and PANDEF have at various times, openly decried perceived injustice and inequity in government policies, these pressure groups have, so far, never been known for such violence nor have they resorted to self-help.

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CBN

CBN’s 5-year plan: Chasing shadows with a charmed audience (2)

THE discourse, this week, relates to the implications of the CBN Governor’s plan for banks “to increase their capital base above the present N25bn”, which incidentally, was equivalent, to $195m (N127-N130=$1) in 2004, but has become seriously eroded to barely $75m today! Notwithstanding, CBN Governor, Godwin Emefiele did not reveal how the inexplicably, battered Naira Exchange Rate, which is actually, the prime cause of the sliding value of the capital base of Nigerian banks will be rescued.

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Buhari, AfCFTA

African continental free trade agreement: Matters arising

PRESIDENT Muhammadu Buhari’s endorsement, of the document establishing the AfCFTA, at the 17th Extraordinary Session of the Assembly of African Union Heads of government in Niamey, Niger Republic, last week, (July 2019), suggests that 53 countries are now party to the same AfCFTA, which Nigeria, unexpectedly, refused to sign, even after 44 other countries had endorsed the treaty in a similar convention in South Africa in March 2018.

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Free-floating the naira is disobeying the law – CBN

THE title above is from Tuesday, June 11 edition of the Daily Independent Newspaper. In the related report, CBN Governor, Godwin Emefiele, engaged stakeholders, at an interactive session in Lagos, on why he has rebuffed the incessant calls by some ‘experts’ to deregulate and float the naira exchange rate, as a product of  the actual market dynamics of demand and supply.

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