Sobowale On Business

Dangote Refinery IPO is not for you, by Dele Sobowale

Dangote Refinery IPO is not for you, by Dele Sobowale

Alhaji Aliko Dangote said he wants millions of Nigerians to share in the wealth which will be generated by the Dangote Refinery by buying at least ten shares priced at N525 each. That amounts to N5250 for each minimum investor. The impression was given that wealth sharing is guaranteed once the investment is made. Even […]
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This NASS is nasty on 2013 budget amendment

This NASS is nasty on 2013 budget amendment

“What we find it not to our liking when a comment is made that tends to say that government will shut down if the National Assembly doesn’t do anything. We do not agree with that”, Senator Abaribe.

POWERFUL LIES: Familiar stories on Blackouts … PART 2

POWERFUL LIES: Familiar stories on Blackouts … PART 2

The announcement by the US President to provide an intervention fund worth $7 billion to seven countries in Africa, including Nigeria, should be regarded as a major embarrassment to this country and a vote of no confidence in our ability to solve the power problem by ourselves.

Powerful lies: Familiar stories on blackouts

Powerful lies: Familiar stories on blackouts

“Privatisation of electricity distribution in the country will come into effect next January, Power and Steel Minister, Alhaji Bashir Dalhatu said yesterday. DAILY TIMES, November 10, 1995.

FAAC crisis and the dangers ahead

FAAC crisis and the dangers ahead

“The Forum of Commissioners of Finance from the 36 states led by the Chairman, Mr Timothy Odaah, had expressed anger over the unpaid arrears amounting to about N160bn($1bn)”. PUNCH 19, 2013.

Nigerians, for reasons difficult to understand, seem to be totally uninterested in the most important issues affecting their lives; one such is monthly revenue allocation to states. For the last one week, while the focus had been on politics, NGF, PDP etc, the Finance Commissioners of the 36 states had been in a tug of war with the Federal government; which owes them, collectively, about N160 billion.

Floods and Famine – The Future is here – 1

Floods and Famine – The Future is here – 1

With flood ravaging virtually every nation on earth where there has been record rainfall, it is important to issue a reminder to Governments and the people of this country that the devastation this year is likely to be worse than what we suffered last year. Read last year’s warning first and wait for this year’s.