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Sobowale On Business

Thanks Dangote but…

dangote

How do you have economic growth without power? So, no power, no growth because without power there can’t be growth. Egypt increased its electricity by 10 gigawatts, which is equivalent to 10,000 megawatts in 18 months.

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APC

No minimum wage yet: What will NLC do now?

MAY salaries and wages have been paid by the Federal and State governments without the minimum wage directive being put into effect. President Buhari and leaders of the Nigeria Labour Congress, NLC, as well as the erstwhile minister of labour, Ngige, who obviously did not know the limits of his authority, can now go and hide their faces in shame. I told them categorically that only a gross violation of the constitutional guarantee of separation of powers between the Federal and State government can induce governors to accept instructions from Buhari to start implementation with immediate effect.

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Congrats CBN Governor, but there is wahala (2)

THE easiest way to be loved, even pampered by those in power in Nigeria, or elsewhere for that matter, is to always shower praises on measures proposed or taken by the leaders. Request for appointments are quickly granted and other favours follow. That is the subtle form of bribery and corruption which corrodes the basis of society as surely as the barefaced embezzlement of public funds by the custodians of funds and trusts. It is even much easier when one generally agrees with the official to fall into the trap of becoming a cheap praise-singer. It is tendency that must be fought always.

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Nigeria

The famine this year and next

THERE are several fires raging in Nigeria today which will overpower us unless President Muhammadu Buhari wakes up from his slumber, and moves quickly to put them out. But, one fire is now on the verge of breaking out and its consequences will dwarf all the others by actually escalating them. Famine on an unprecedented scale is building up in the land and, if government fails to take pre-emptive steps, it will make Boko Haram, herdsmen and bandits menaces appear like child’s play. Indeed, famine will turn virtually the majority of our people into bandits.

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Buhari,minimum

The minimum wage swindle

PRESIDENT Muhammadu Buhari signed into law the Minimum Wage Bill passed by an equally cynical National Assembly, NASS, whose leaders are still smarting from the shellacking they individually and collectively received from voters in February. It is still a bad dream for one or two of them who had assumed they had their states in the palm of their hands to do as they wished with them.

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Buhari

Buharinomics: The bad, the worse, and the ugly

FOR more than seven months, I have refrained from writing about the Nigerian Loss, sorry, Stock Exchange, NSE, because it had been my experience for nearly thirty years that most Nigerian investors in the capital market are the closest human beings who can be classified as retarded. It is bad enough when millions of individuals presumed to be an intelligent act against their own interests out of ignorance. It is absolutely astonishing when Nigerian investors, like human lemmings, all rush to their own economic destruction.

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Transport, education and the rule of con men

The Minister was on yet another inspection tour of the work being done on the Lagos-Ibadan railway project – which as everybody now knows has missed so many deadlines promised for its launching by the Federal Government. In another example of the con games they play with Nigerians, the Vice President visited the project during the campaigns and after being driven through a hastily prepared portion of the railway line promised Nigerians that the line would be inaugurated before the elections.

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