FG: Budgeting or barefaced robbery?
By Dele Sobowale FG budgets N1tn for empowerment, SUVs amid rising borrowing pressure – Report, July 27, 2026 Veterans monitoring the formulation and execution of annual budgets can honestly admit one truth. Military regimes were more disciplined. Every annual budget ended on midnight December 31 of the year. Funds not spent by that time were returned to […]
Nigerians and deepening poverty for years to come
By Dele Sobowale “The point though to keep in mind is that if you put this in historical perspective for Nigeria, the fact remains that real per capita income in Nigeria in 2021 is the same as it was four decades ago in 1981.” Dr Shubham Chaudhuri, Nigeria’s World Bank Country Director, October 2021 on […]
Beware of pump and dump in stock market
By Dele Sobowale “Otedola: First Banks shares rise 2.45% as SEC investigates.” – News Report, Oct. 26, 2021 As a shareholder of the First Bank, I should be happy that the share price, which remained stuck at N7.50 suddenly started climbing for reasons at first unknown until it reached N12.00. But, then I am not an […]
VP vs CBN: The beginning of presidential campaign?
By Dele Sobowale “As for the exchange rate, I think we need to move our rates to be as reflective of the market as possible. This, in my own view, is the only way to improve supply.” – Vice President, Yemi Osinbajo That pronouncement, as well as others we shall mention shortly came as a […]
4 reasons development eludes Nigeria under Buhari
By Dele Sobowale If you don’t know where you are going, you will wind up somewhere else.” Nigeria’s economy is currently being managed by a leader who does not have the grasp of what is required to achieve sustainable economic development. Despite all the attempts to deceive Nigerians about phantom great achievements, the results in […]
VAT WAR: Time for mediation
By Dele Sobowale “The wrong war, at the wrong time and the wrong place.” — US five-star general, Omar Bradley, 1893-1981 When the Kennedy and Johnson administration got the USA more deeply involved in the Vietnam war, General Bradley voiced the minority opinion among the military establishment. He was ignored. America suffered its first military setback […]
