Don’t be fooled, states are not richer
By Dele Sobowale Most Nigerians are being fooled right now, as they often are, by the Federal Government; with regard to the monthly allocations to states. Unfortunately, because the hands of many of the State Governors are not clean, they are allowing the FG to blame them unjustly for overall poor performance. Granted, there are a […]
Time insecurity and poverty in Nigeria
By Dele Sobowale ”Capital is a coward: it flees from wherever there is turbulence.” Time managementFor almost ten years, the idea has been disturbing my mind that perhaps the time has come in Nigeria when governments at all levels must consider security as an economic variable. Right now, Nigerians, in and out of government remain […]
NNPCL controversy long foretold
By Dele Sobowale “$3bn refinery fraud: N80bn found in sacked MD’s account” – Report, May 3, 2025 There is probably no adult Nigerian alive who was shocked or surprised by the news report. It was a tragedy waiting to unfold. That the Nigerian National Petroleum Company Limited, NNPCL, would be probed was never in doubt. The […]
Crude Curse Demolishes 2025 Budget, Threatens 2026
By Dele Sobowale Nigerian leaders in Abuja and at state levels are desperate; even if most Nigerians are not aware of it. The federal and state governments are going broke with each passing day. Meanwhile, ignorance is bliss. Most Nigerians go to bed without the vaguest idea about how their economy is being gradually demolished by the […]
DisCos’ operations as legalised scams on consumers, by Dele Sobowale
DISCO hiked my bill from N2.7m to N29m” — Lagos Deputy Gov. The report in a national newspaper of April 15, 2025, provided the best opportunity for all stakeholders to re-visit the matter of privatisation of electricity supply to Nigerian consumers. Put bluntly, Nigeria’s electricity Distribution Companies (DisCos) have become the greatest fraudsters in the […]
Access Bank on the right track
By Dele Sobowale “It is unthinkable that wisdom should ever be popular.”Johann Wolfgang von Goethe, 1749-1832. Access Bank Plc is perhaps the most innovative Nigerian bank in the last two years as the changes in the nation’s economic landscape have multiplied the uncertainties banks and other financial institutions face in the country today. It has diversified […]
