Breaking News

2018 Budget: Inherent mischief and financial recklessness

The Deputy Speaker of the House of Representatives, Yusuff Lasun disclosed, last week, that the National Assembly, would interrupt its annual recess and reconvene, sometime, this week, to consider an expenditure proposal for N242bn for conducting 2019 General Elections. It is unclear, why President Mohammed Buhari omitted this item in the appropriation bill, presented to the National Assembly in November 2017.

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Banking hall

Shoprite as metaphor for AfCFTA

THE South Africa President, Cyril  Ramaphosa, was in Abuja earlier, this month (July 2018), to participate in the 25th  anniversary and annual General meeting of the African Export Import Bank (Afreximbank). Ramaphosa, used the opportunity to call on Nigeria, not to delay signing the agreement for the African Continental Free Trade Area (CFTA).

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The Nigerien Connection

IN September last year (2017), President Muhammed Buhari received his Nigerien counterpart Mahamadou Issoufou in Daura, Katsina State; Issoufou had reportedly visited, to ask after PMB’s health and also congratulate him on Nigeria’s exit from recession; the discussion, apparently also included “the fight against Boko Haram, the economic challenges in the Lake Chad Basin and other developmental concerns, that directly affected the citizens of both countries”.

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Abacha’s repatriated loot: Matters arising

THE actual amount stolen from Nigeria’s Treasury between 1993-8, by former Military Dictator, Sanni Abacha, may never be known. Nonetheless, Amnesty International, for example, has suggested, that over $5bn of Abacha loot had been identified, even when speculations still persist that the audacious ‘shop lift’, by Abacha, and his associates, is probably nearer $10bn. The Nigerian treasury, may have been boosted by the recovery of well over $3bn, since Obasanjo initiated, the International pursuit of Abacha’s loot in September 1999.

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At last a world ‘trophy’ for Nigeria!

NIGERIANS, recently, lamented the way their darling, Super Eagles, crashed out of the on-going World Cup in Russia. Nonetheless, the well known Nigeria penchant, for always daring to stand out, at any cost, may have been embellished, by last week’s announcement that Nigeria, has overtaken India, as Number One, in the World’s Poverty Ratings. In other words, Nigeria is presently populated by, not just a very large number of indigent citizens, but, out of Nigeria’s estimated total 170 million people, alarmingly, close to 50%      are deemed to be extremely poor.

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Collegiate Presidency and National Harmony

THIS article was first published in June 2006 and has been republished, annually, since then on the Anniversaries of Democracy and Independence Day. However, its content has become increasingly relevant this year. Hopefully, this article will once more serve as a wake-up call to abort the inevitable dire consequences which will jeopardize our relationship as a nation, so as to forestall the inevitable frustration of the hope of our people for a better life.  I wish you Happy 2018 Democracy Day! Please read on.

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