Breaking News

Conference Hall

Watch Vanguard Conference Hall on ‘Our legislators’ jumbo pay: Fact or fiction’

The Vanguard Conference Hall to be moderated by Emmanuel Aziken, will be an opportunity to bring focus to the issue of the entitlement of Nigerian legislators whether it is the standard or a scandal.

Read More

Restructuring: What is it? ‘Give a good system to bad managers; they will run it aground’

What have we been able to establish with oil money? Virtually nothing! If you establish today, you can’t maintain. They are not interested in the maintenance; they are interested in what they are going to put in the pocket. They put 10 percent in the development and the rest into the pocket unlike before the war, when politicians stole 10 percent and put the rest into development.

Read More

On derivation, fiscal federalism we stand 

Contrary to the 1999 constitutional provision on derivation, which stipulated “that the principle of derivation shall be constantly reflected in any approved formula as not being less than thirteen percent (13%) of the resource accruing into the Federation Account directly from any natural resources”, there are renewed agitations by delegates from the northern part of the country that derivation should be reduced to five percent.
Although the constitution envisages a periodic upward review, there has not been any exercise in the past 15 years.

Read More