The Strait of Hormuz must stay open
The Strait of Hormuz is the world’s most critical oil chokepoint, and its uninterrupted flow is essential to global stability. Every day, approximately 21 million barrels of crude oil-roughly 21 per cent of global petroleum consumption-pass through this narrow waterway between Iran and Oman. To nickname it a “special international waterway” and treat it as […]
Lagos land use charge law should be retouched
When it comes into operation, property owners will find themselves saddled with charges that could rise to over 400 per cent of what they are currently liable to pay.
Broadband: Harmonising Right of Way levies
THE Nigerian Communications Commission, NCC, recently made a commendable intervention in Nigeria’s broadband development by seeking a favourable pricing model for broadband services in the country.
INEC’s 36-year election timetable
The INEC timetable had indicated that the Federal elections (Presidential and National Assembly) would take place on 16th February 2019 while the State polls (Governorship and State Houses of Assembly) would hold on 2nd March 2019. But the National Assembly while not altering the dates published by the INEC, amended the Electoral Act putting the National Assembly election first and the presidential poll last.
GDP growth and deepening poverty in Nigeria
As reported, the economy, in the fourth quarter, Q4, of last year grew at 1.92 per cent compared to 1.4 in the third quarter, Q3, of the same year and -1.73 in Q4 of 2016. There is certainly some progress, but 0.82 for 2017 is far from the full-year result in 2014 and even 2015. In reality, any growth less than one per cent is not regarded as growth at all.
Return of fuel subsidy
One of the reasons that President Muhammadu Buhari gave for making himself the Minister of Petroleum Resources was that he wanted to sanitise the oil industry, especially the NNPC.
