A recent report published by Vanguard has pointed out that only six states out of 36 were able to outpace the Federation Accounts Allocation Committee, FAAC, allocations to sustain governance with internally generated revenue, IGR, in 2016. Though this is even a base-level statistical representation of the problem, it shows heavy dependency of the states on federal allocations for survival.

THE Senate, last week, said Nigeria’s banking sector is being run by a cartel which frustrates the monetary and fiscal policies of the Federal Government, adding that bank owners have become so strong that they now manipulate the economy. This came with Senators’ condemnation of the high interest rates which they said were “imposed by banks.”

Both the Navy and the Police are Federal Government’s security agencies which are expected to cooperate in maintaining peace and order. Their conduct ought to reflect the time-honoured culture of discipline which the military in particular is known for.

The oft-mouthed shibboleth by the Executive that the Judiciary is a clog in the wheel of its anti-corruption crusade is no longer holding water.

There are few examples of government-guided sectors that have drawn positive marks as the country’s pension industry. In an environment where government affairs are run with laxity and corruption, it is gladdening that the involvement of a new pension regime in 2004 turned around an industry that was before then steeped in sleaze and maladministration.