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 […]
The sad truth about power sector under Buhari
“Generation plummets to 1,393MW”. The report went on to state that “Checks by VANGUARD showed that, as at 5pm yesterday, national grid supply was just 1,393 megawatts with only nine plants generating to the grid.” This is happening almost seven years after Buhari pronounced 4,000MW “unacceptable”.
Nigeria is losing future competitive advantage
By Dele Sobowale “Nigeria drops to 14 as Egypt tops Africa’s investment destinations” News Report, December 5, 2021. Very few variables determine national economic competitive advantage. One of them is Foreign Direct Investment, FDI. In every continent, but Africa, the country with the largest population and one of the largest Gross Domestic Product, GDP, invariably […]
Tear up the 2022 Budget, start praying
By Dele Sobowale “As a people normally gets the government it deserves, so a society normally receives the punishment it asks for.” — Robert Audrey, in Social Contract All at once, we seem to be suffering from a plague of sorts in Nigeria. One is destroying our cars and pockets with adulterated fuel. The other, […]
Subsidy removal: Generations of Nigerians will suffer
By Dele Sobowale “Every country has the government it deserves.” Joseph De Maistre, 1753-1821, VANGUARD BOOK OF QUOTATIONS, p 80. And every country suffers the consequences of its choice of government leaders. I was half-surprised about the decision to postpone subsidy removal for 18 months, by a government which has only sixteen more months to go. Cowardice […]
Is AMCON being blackmailed by debtors?
By Dele Sobowale Controversy over EFCC’s invitation of AMCON boss” — News Report, January 20, 2022. The story went on to state: “There was controversy on Wednesday (January 19, 2022) over the invitation of the Managing Director of the Assets Management Company of Nigeria, Mr Ahmed Kuru, by the Economic and Financial Crimes Commission, EFCC.” Ordinarily, there […]
