Sobowale On Business

Right again on 2026 budget

Right again on 2026 budget

By Dele Sobowale Before commenting, it is vital to provide the reasons for another budgetary disaster – which has become emblematic of the way the Federal Government, under President Tinubu, is progressively ruining the nation’s future. After this failed budget, even the most die-hard apostle of the $1 trillion economy by 2030 must now see […]
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Fire alarm from finance minister

Fire alarm from finance minister

“When the housewife announces that “the soup in the pot is totally burnt”, she is telling the family that there will be no dinner”, Old Uncle in Lagos.

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.