Former Special Adviser to ex-President Goodluck Jonathan on Niger Delta Affairs, Kingsley Kuku, yesterday, denied allegation that he borrowed over N2.8 billion while in office as Chairman of the Presidential Amnesty Programme.

The Governor Seriake Dickson-led administration in Bayelsa State has said that it has not obtained any foreign loan to finance any of its development projects and programmes since its inception in 2012 due to the prudent management of the state’s resources.

Rivers State chapter of Peoples Democratic Party, PDP, has accused the Independent National Electoral Commission, INEC, of allegedly manipulating the result of the just concluded governorship election in Edo State in favour of All Progressives Congress, APC

If they had followed the comments the finance minister made about cutting rates, and had followed it, and cut it back to 12%, they would have created some instability which would have upset some investors. But then this is a double inflation as well because it is a battle between growth and inflation. So of course the high rates right now was causing concerns about the investment because of high debts to pay back but at the same time, price stability is probably what the CBN is trying to do, to cut the inflation rate which is 17.6% and also trying to stabilise the naira.

For good measure, the expert would remind everybody that before the Age of Oil exploded on Nigeria in 1973, the country was a large exporter of several products cocoa, rubber, cotton, palm oil, groundnuts, coal, hides and skins, tin, rubber etc; and when the three Regional Marketing Boards East, North and West had offices in London to handle the export of products from their own particular region.