Sobowale On Business

Nigeria Air: Sirika and unlimited executive lawlessness

Mr Hadi Sirika, ex-Minister of  Aviation, in Buhari’s government, on Friday, May 26, 2023, demonstrated to the entire world why his appointment was a blunder and why the government he served was a colossal failure. In a desperate bid to leave a legacy of achievement, which had eluded him, in eight years in office, launched an airline he called Nigeria Air. The absurdity of the event could not escape anybody who has not lost his senses for several reasons. Only a few will be touched upon here – for posterity.
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Nigeria Air doomed from the start

By Dele Sobowale ‘Ethiopian Airlines emerges preferred bidder for Nigeria Air’ – News Report, September 24,2022 For a die-hard supporter of Nigeria Air,  NA, I must express fear that announcement of a successful bid by Ethiopian Airlines, perhaps the most successful in Africa, leaves me with a sad dilemma. On the one hand, I should be […]

Airport concession: Unpatriotic Nigerians at work again

“We have met the enemy and they are [our own people]” – O H Perry, 1785-1819, Vanguard Book of Quotations, P. 48 The Minister of Aviation, Hadi Sirika, is increasingly creating an image of a man who can have big dreams for Nigeria; but, who ends up with nightmares. As one of his strongest supporters on […]

Buhari’s budgets: Like Ponzi schemes run by government

This [deficit] is significantly above the three per cent threshold stipulated in the Fiscal Responsibility Act, 2007 and there will be no provision for treasury-funded MDA’s capital projects in 2023.” —Minister of Finance, Aug 29, 2022. In one sentence, the Buhari gov ernment openly announced that it will break the law with impunity and reduce […]

The CBN is powerless to correct economic problems

By Dele Sobowale “Allow an untenable situation to go on for too long; and suddenly, there are no good options left.” Arthur Burns, 1904-1987, Chairman US Federal Reserve Bank from 1970-1978. For some of our readers, it is necessary to point out that the US Federal Reserve Bank is the Central bank of the United States; […]

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