FG: Budgeting or barefaced robbery?
By Dele Sobowale FG budgets N1tn for empowerment, SUVs amid rising borrowing pressure – Report, July 27, 2026 Veterans monitoring the formulation and execution of annual budgets can honestly admit one truth. Military regimes were more disciplined. Every annual budget ended on midnight December 31 of the year. Funds not spent by that time were returned to […]
The age of oil is over for Nigeria – 2
“We promise our people that even with the drop in oil prices, the economy will be stable.” President Jonathan. December 4, 2014.
Why Coca Cola must be held to account (1)
What is good for General Motors, is good for America.
Consequencies of devaluation for your sector – Print media (1)
Devaluation of the currency, brought about mostly by the lack of foresight of the Minister of Finance, and Coordinating Minister for the Economy, CME, will savage all business sectors in Nigeria. As the price of crude oil slides further away, downwards, from the $78 per barrel, on which the original budget, now discarded, and the second one based on $73, now in the dust bin, were based, the outlook becomes bleaker for everybody in Nigeria. The CME can no longer be relied on to provide a reasonable guide to what has become a murky future for Nigerian businesses – mega, large, medium, small or micro. Everybody is suddenly at risk.
What Dr Okonjo-Iweala failed to tell us
Hiding behind a finger is a great deal more sensible than what that statement portrays. Read it again, and what comes through is a government which is reluctant, indeed, almost begging, to introduce more stringent progressive tax — even when every economist in the world knows that it is inevitable.
How the inevitable economic downturn will affect you (1)
“We have not seen the impact of the falling oil prices in Nigeria; it will start this month [November 2014]. Dr Ngozi Okonjo-Iweala, Finance Minister, November 13, 2014.
