Sobowale On Business

Independence address, endless promises no specifics

Independence address, endless promises no specifics

By Dele Sobowale Bayo Onanuga, the Senior Special Adviser to the President, accused critics of writing their responses without reading Tinubu’s address. That is certainly not true about me. In fact, the address was read to me by Uncle Sam, the Publisher of Vanguard, in his house – while asking for my comments on a […]
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How Federal Government robbed the states

How Federal Government robbed the states

Somebody should hang for this if it occurred in China or Yew’ Singapore. But, since this is Nigeria, somebody should at least change their boutique designer outfits for “prison designer collections”. The report revealed as follows: “The Federal Government withdrew the sum of N395bn in 2013 to fund subsidy on petroleum products, the Fiscal Responsibility Commission has said.

Another ‘Genius’ Fails Nigeria: Okonjo-Iweala (1)

Another ‘Genius’ Fails Nigeria: Okonjo-Iweala (1)

In one of her last face-saving measures, Dr Ngozi Okonjo-Iweala, the Coordinationg Minister for the Economy, CME, “directed the immediate termination of the partnership between the Subsidy Reinvestment and Empowerment Programme and Forcecom Networks Limited on the Graduate Internship Scheme.”

National Assembly’s biggest joke in four years

National Assembly’s biggest joke in four years

It is just as well that over seventy per cent of the current representatives in the National Assembly will not be returning. This is probably the least productive legislative branch in the world today. Unproductive, that is, in anything which could be beneficial to the people of Nigeria. It might however be the front runner for mischief and idleness.

Nigeria without oil is now a reality

Nigeria without oil is now a reality

“Unsold Nigeria crude grows as buyer interest falls”. PUNCH, Thursday, April 9, 2015, p 41. The story by Femi Asu, went on to state that “Weak buying from Asia and other regular buyers of Nigerian crude oil has left a large overhang of March, April and May cargoes, it was learnt”.

Nasarawa State Budget as metaphor for unrealistic state budgets

Nasarawa State Budget as metaphor for unrealistic state budgets

The report by Umar Muhammed disclosed that “The budget which was christened the budget of “sustainability” would be funded with resources from the Federation Account, internally generated revenue [IGR] Value Added Tax, and SURE-P.” Commissioner Danazumi, for Local Government and Chieftaincy Affairs, who delivered the budget on behalf of ailing Governor Al-Makura, could be forgiven for not realizing that he had delivered the most unrealistic and unsustainable budget in the state’s history.