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EPA as “Enslavement Partnership Agreement

In a newspaper report titled “Nigeria rejects EPA over $1.3tn Revenue Loss” (Daily Independent Newspaper of 15/8/2014, Pg. 30), the Director General of Manufacturer’s Association, Mr. Remi Ogunmefun commended the Minister of Trade and Industry, Mr. Olusegun Aganga for “reiterating government’s commitment to pursue the implementation of the Nigerian Industrial Revolution Plan” which accommodates “local content policies and transformation in the agricultural sector among others.”

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Tortoise folklore as metaphor of national leadership

Pius Adesanmi, a budding literary icon was the guest speaker at the “Second State of the Nation” lecture organized recently by Pastor Tunde Bakare-led Save Nigeria Group. Adesanmi, a Professor at Carlton University, Canada, chose the title “Reparations: What Nigerians Owe the Tortoise” as his theme. I invite you to share in an experience that turned out to be an insightful and sobering verbal interactive satire.

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$1bn for ‘BH’: Loan or supplementary appropriation?

I would like to bring to your attention, the urgent need to upgrade the equipment, training and logistics of our Armed Forces and Security Services to enable them more forcefully to confront this (Boko Haram) threat”. “For this reason, I seek the concurrence of the National Assembly for external borrowing of not more than $1bn, including government to government arrangements for this upgrade”.

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Economic contradictions and mute victims

A popular indigenous artiste cautioned in one of his lyrics that you cannot sow cocoyam and hope to harvest rice. Notwithstanding the above wise counsel, Nigerians inexplicably hope and believe that in spite of over 70% of our population, reportedly, currently living on less than $2/day, our country could still blossom to become one of the top 20 economies six years from now.

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The treasury bill scam continues to flourish

In the wake of the 2008 banking crises, the Central Bank created over N4000bn fresh Naira supply, inspite of the attendant inflationary threat, to rescue the Nigerian banking sector. Evidently, however, the bountiful profit figures declared lately by several banks would be clear testimony that, business is presently good in the sub-sector, particularly when compared with the relatively modest profit figures and systemic challenges in other industrial and commercial sub-sectors.

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