Sobowale On Business

Improvement in economic indicators points to Nigeria’s stabilisation — UBA boss

Improvement in economic indicators points to Nigeria’s stabilisation — UBA boss

Group Managing Director of United Bank for Africa (UBA) and Chairman of the Body of Bank CEOs in Nigeria, Oliver Alawuba, has outlined a blueprint for building a resilient Nigerian economy, calling for deliberate policies and stronger collaboration across the public and private sectors to transform economic stability into inclusive prosperity. Alawuba made the call […]
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World Economic Forum – A waste of time and resources

World Economic Forum – A waste of time and resources

“There is nothing more wasteful than doing diligently what should not be done at all.”
President Jonathan took a plane load, or more, of people to Davos, Switzerland for what was billed as the World Economic Forum, WEF. The entourage included several Ministers, some Governors, captains of industry and others too numerous to mention.

Our unrealistic expectations from the power sector

Our unrealistic expectations from the power sector

“Power failure will be a thing of the past within six months.” Late Chief Bola Ige, Federal Minister of Power and Steel, June 1999.

It has become necessary to remind Nigerians that our unrealistic expectation about the Nigerian power sector is not a recent occurrence; in fact, it predated the Cicero of Esa Oke, as Ige was then known.

Is this any way to run a government?

Is this any way to run a government?

The management of Federal, as well as states funds, since 1999 had been one great swindle perpetrated by all the governments without exception. But, I had long restricted myself to the Federal government because the unitary constitution handed to us by General Abdusalami Abubakar, on his way out of office, gave so much power to the Federal government.

Oil Benchmark: Haggling over nothing

Oil Benchmark: Haggling over nothing

“Against stupidity, the gods themselves struggle in vain.” Fredrick Von Schiller, 1759-1805. (VANGUARD BOOK OF QUOTATIONS p 235).

Duty waivers, SWF & ECA: Three musketeers of economic management

Duty waivers, SWF & ECA: Three musketeers of economic management

The objective of the waiver policy, the implementation of which was reviewed and strengthened in late 2011 is to curb the abuses and inefficiencies of the previous regime…There is evidence that it is working to boost key sectors of the economy.” Federal Ministry of Finance in November 2013.