Sobowale On Business

Atiku is right, subsidy removal needs revisiting – 2

Atiku is right, subsidy removal needs revisiting – 2

By Dele Sobowale Some called it lunacy; others were more polite in their condemnation of the idea of government reversing itself. Few did the rational thing when confronted with a proposal on a vital public interest. Most of Atiku’s traducers were political opponents; who were afraid that the idea might just be popular and could […]
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States, local governments in a fix

States, local governments in a fix

For close to a year now, warnings have been given on this page regarding the impending economic reversal which will affect Nigeria – starting now. The reaction from my Fellow Nigerians had ranged from absolute indifference to a collective snooze. The man speaking in the wilderness, apparently to weeds, had a better audience than this columnist writing in the VANGUARD. I might as well be talking to trees myself. But, suddenly, everybody, except President Jonathan, the Federal Minister of Finance and other card-carrying members of the PDP have come to the realization that we are headed for deep economic trouble –starting now.

Unrealistic crude benchmark, exchange rate

Unrealistic crude benchmark, exchange rate

The report written by Sunday Aborisade exhibits the triumph of hope and self-delusion over reality and the verdicts of economic history and experience. Neither one of the two key foundations of our budget can, by any stretch of imagination, be considered reasonable – given global current situation and trends into 2015.

Is AMCON/Bi-Courtney case tainted  with malice and ethnicity? – 2

Is AMCON/Bi-Courtney case tainted with malice and ethnicity? – 2

Mr Olisa Agbakoba, SAN, is not a run-of-the mill lawyer. Even among Senior Advocates of Nigeria, SAN, he occupies the front rank. As a former President of the Nigerian Bar Association, NBA, he would be expected to stand, at all times, as a shinning example to others. So, when this story broke, my first reaction was shock.

From boom to gloom or doom–The story of oil -1

From boom to gloom or doom–The story of oil -1

Crude oil has always been a slippery stuff – good when under control; destructive when out of control. Crude oil is about to destroy the Nigerian economy faster then Boko Haram or even Ebola.

Missing $49.8b and missing organs in the Nigerian economy –3

Missing $49.8b and missing organs in the Nigerian economy –3

Lawyers, as a whole, constitute a pain in the wrong end of the body. As necessary evils, they are more evil than necessary. Priding themselves as “learned” people, all they do is to make laws so complicated as to turn the law into an ass. No other profession, known to man calls its products “an ass.”