State of the Nation with Olu Fasan

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Nigeria’s low tax intake: Blame weak economy, breach of social contract, by Olu Fasan

RECENTLY, the International Monetary Fund, IMF, lamented Nigeria’ low tax revenues. Two weeks ago, when launching the IMF’s Regional Economic Outlook for Sub-Saharan Africa, the Fund’s Director for Africa, Abebe Selassie, said: “For a country like Nigeria, Africa’s most populous country, with all those development spending needs, we think it is problematic that the tax revenue […]

The trial of Emefiele: A lesson for all presidential yes-men, by Olu Fasan

THE images of Godwin Emefiele, flummoxed as he is chaperoned by state security agents from custody to custody, from courtroom to courtroom, contrast sharply with those of the man who, as governor of the Central Bank of Nigeria, bestrode, until just a year ago, the Nigerian financial and banking world like a colossus; the man who […]

Tinubu’s spending spree fuels CBN’s aggressive interventions, by Olu Fasan

BOLA Tinubu, Nigeria’s president, is gloating. The economy “is looking much better”, he says, and wants Nigerians to start rejoicing because their woes will soon be over. In his Easter message, Tinubu told Nigerians that “the seeds of patience, which they have sown, are beginning to sprout and will in no time bring forth an abundance […]

Okuama killings: Nigeria must tackle the worsening military-civilian conflicts, by Olu Fasan

THE incessant ambushing and killing of soldiers and policemen by civilian gangs in Nigeria is a sign of anarchy. When soldiers and policemen, symbols of state authority, become frequent targets of civilian attacks, it’s an indication that citizens are rebelling against the state and that the state lacks a monopoly on the use of organised violence. […]

Bad governance: The persistent violations of budgeting norms in Nigeria, by Olu Fasan

TWO weeks ago, on March 7, the British Chancellor of the Exchequer presented the UK government’s annual budget to parliament. The Financial Times and other British broadsheets pored over the budget and each devoted over 15 pages of a special supplement to analysing its intended and likely impacts on different categories of people, on families, […]

Oronsaye report is a distraction; Nigeria needs holistic restructuring, by Olu Fasan

THERE was much hoopla when the Bola Tinubu administration recently announced that it would implement the 12-year-old report of the Stephen Oronsaye committee on the rationalisation of federal parastatals and agencies. The extensive media coverage and public commentaries suggested the announcement was a game changer. Sadly, it is yet another evidence that Nigeria majors in […]

Shettima goofs: No forces want to pull down Nigeria! By Olu Fasan

AHEAD of last year’s general elections, I wrote a piece titled “2023: Shettima unfit to be Nigeria’s vice-president” (Vanguard, September 22, 2022). I argued that despite his education and seeming bibliophilism, Kashim Shettima suffers from negative parrhesia, expressing indecorous views freely without aforethought. I wrote: “With Shettima’s inherent tetchiness and truculence, he would be gratuitously provocative. […]

Insecurity: Nigeria needs regional police, not state police, by Olu Fasan

RECENTLY, faced with escalating violence across Nigeria, the president, Bola Tinubu, reportedly agreed with state governors to establish state police. The news excited those calling for state police in Nigeria. But the agitation for state police is misguided; it is based on shallow reasoning, not on a rational, hard-nosed analysis of the potential consequences.  To […]

Tinubunomics? It’s economic illiteracy writ large! By Olu Fasan

BOLA Tinubu, Nigeria’s self-regarding president, says he deserves an entry in the Guinness Book of World Records for his economic reforms. Speaking at the 10th German-Nigerian Business Forum in November last year, Tinubu said: “To me, if you didn’t mention me in the Guinness Book of Records, I would find a way to insert myself because […]

2027 presidency: Atiku’s political naivety beggars belief, by Olu Fasan

ATIKU Abubakar, former vice president, made his sixth attempt to become Nigeria’s president last year, 30 years after his first foray into presidential politics in 1993. He failed. However, God sparing his life, Atiku wants to make his seventh attempt in 2027, aged 80. Leaving aside the age for the moment, what does Atiku think will […]

Abuja vs Lagos: The perversity of Nigeria’s ethnicised, zero-sum politics, by Olu Fasan

The controversies over the Federal Government’s plans to relocate some departments of the Central Bank of Nigeria, CBN, and the headquarters of the Federal Airports Authority of Nigeria, FAAN, from Abuja to Lagos are yet another proof that Nigeria is deeply divided. The country that the British colonialists cobbled together from several ancient kingdoms and […]

Toothless bulldog: Tinubu’s EFCC can’t fight corruption, by Olu Fasan

OLA Olukoyede, the chairman of the Economic and Financial Crimes Commission, EFCC, recently appointed by Nigeria’s new president, Bola Tinubu, is saying the right things and making the right noises about fighting corruption in Nigeria. Recently, he struck a chord with me when he called for unexplained wealth legislation in Nigeria. Unexplained wealth laws are the […]

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