Editorial

CBN’s retreat from industry funding intervention

The Central Bank of Nigeria’s (CBN’s) withdrawal from direct intervention funding for manufacturers comes at the worst possible time for an already pressured sector. Instead of moderating the pain from President Bola Tinubu’s harsh economic adjustments, this move risks deepening a credit squeeze that threatens Nigeria’s industrial base. On paper, the decision has one clear […]
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No basis to hike electricity tariff

In a country where electricity supply has permanently been abysmally poor and most consumers provide their own power supply, it is puzzling to hear of constant tariff increments by electricity companies.

Allow peace to reign in Kogi

As Kogi, like other states which are in dire financial straits, grapples with the payment of salary and pension arrears, Governor Yahaya Bello and Senator Dino Melaye are embroiled in a political supremacy battle. Senator Melaye, who represents Kogi West Senatorial District, accuses Governor Bello of masterminding his recall bid from the National Assembly.

FG must act on our low taxation

THE Director General, Budget Office of the Federation, Mr Ben Akabueze, while defending Nigeria’s rapidly-increasing debt burden (which he called “sustainable”) also pointed out that our real problem is our low revenues. He also admitted that we have the lowest tax-to-GDP ratio in the African continent and one of the lowest in the whole world.

Give Osinbajo free rein to work

THE President’s Media Office recently circulated a press statement that President Muhammadu Buhari, through the Minister for Budget and National Planning, Senator Udoma Udo Udoma, directed Acting President Yemi Osinbajo to sign the 2017 Appropriation Bill as passed by the National Assembly.

Invasion of THE Sun premises by EFCC

On the day we commemorated the 24th anniversary of the epochal June 12, 1993, presidential poll that midwifed our current democracy, heavily armed operatives of the Economic and Financial Crimes Commission, EFCC, invaded THE Sun Newspapers’ head office in Lagos.

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