When will Nigeria’s IDP camps finally close?
For millions of internally displaced Nigerians scattered across about 3,900 camps and settlements nationwide, home is no longer a place of comfort but a distant memory. Many have spent years in camps established as temporary shelters that have gradually evolved into permanent settlements. The question that should trouble every Nigerian is: when will these IDP […]
Gov Obiano and the highest law
It was Ify Unachukwu of the Anambra Broadcasting Service (ABS) who put the question to me. We were at Igbariam in the Anambra East Local Government Area of Anambra State. Governor Willie Obiano had just commissioned the first phase of the Lynden Integrated Farms, a sprawling, N15 billion poultry farm set on 75 hectares of land, the largest such agricultural facility in the South East geo-political zone.
Influx of dangerous arms, fake tyres
Recent reports of the successful passage of contraband or substandard goods through the Customs into the country call for concern. Operatives of the Nigerian Customs Service (NCS) on January 27, 2017, confiscated 661 pieces of pump action rifles illegally imported into the country from China. The weapons were packed in 49 boxes and concealed with […]
Gale of deportations of Nigerians
The month of February 2017 was a most unusual one for the Nigerian Immigration Service (NIS), the National Emergency Management Agency (NEMA) and other statutory bodies charged with the responsibility of handling the intake and processing of Nigerians deported from countries in various parts of the world.
Taming super-rich tax dodgers
A recent report by the Federal Internal Revenue Service (FIRS) and the Joint Tax Board (JTB) revealed that only 40 super-rich Nigerians pay correct taxes on their incomes. The report, apart from being incomplete, merely revealed the extent to which governments of Nigeria (both federal and the states), the FIRS and the JTB have failed Nigerians over the years
Boosting Made-in-Nigeria campaign
We are pleasantly gratified to note that the Made-in-Nigeria campaign is finding more willing advocates, especially at the commanding heights of the Federal Government. Gradually, this important inward-looking crusade is catching the fancy of people in leadership positions.
Bracing for higher stamp duty charges
MORE than thirteen years after the Stamp Duty Act of 2004 was enacted, its implementation has become needful. In fact, the Central Bank of Nigeria (CBN) in January 2016, ordered the banks to start deducting N50 stamp duties on deposits into current accounts with value of N1,000 and above, as part of efforts to boost government’s revenue.
Getting banks to fund agriculture
THE recent announcement by the Bankers’ Committee of the Central Bank of Nigeria {CBN) that banks are henceforth to set aside five per cent of their profits after tax to finance the agriculture sector and non-oil exports should have been cause for cheers nationwide.
Xenophobic attacks in S-Africa: Time for action
IN what is becoming a horrible regular ritual, xenophobic attack by hoodlums in South Africa, specially targeting Nigerians has flared up again in Pretoria and Johannesburg.
Eurobond oversubscription, a beacon of hope
THE nation’s fiscal and monetary authorities were upbeat when results of the country’s USD1 billion Euro- bond offer indicated that it was oversubscribed by a landslide, a massive 800 percent. Not only that, the rate was equally significantly lower than expected. Both outcomes point to positive investor sentiment.
Waiting for the Economic Recovery Programme (ERP)
LAST month, the Vice President, Professor Yemi Osinbajo and the Budget and Planning Minister, Senator Udoma Udo Udoma, announced that the Federal Government would soon launch an Economic Recovery Programme (ERP), designed to lift the nation out of recession. The VP had repeatedly stated that recession would be over “soon” without giving a definite time line.
