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Sobowale On Business

When will the age of aviation begin in Nigeria? – 2

The consequences of this faulty process of thought can be observed by going to any of our airports and spending a day there

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Poorer now richer in the long run

Alfred Marshall, the father of classical economics and the person who pointed out the principles of comparative advantage taught us what any professional economist must understand as his main contribution to society at large. Given the scarcity of resources, even in temporarily affluent nations like the USA, Qatar and Saudi Arabia, no nation has all the resources to do all that it needs to do, now and in the future.

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herdsmen

The economic consequences of herdsmen/farmers clashes – 2

IN two sentences, the Minister has exposed how we have ended up in this murderous crisis tending to draw us apart as a nation. The first test of a good or excellent decision making body – public or private – is to demonstrate the ability to anticipate the likely consequences of the decisions being made. Audu Ogbeh and Buhari, according to the Minister’s own admission, failed to anticipate what would be the reaction to the proposal to establish colonies for herdsmen. He even said that “the government is not seizing the land of any Nigerian to give to Fulani herdsmen to colonise.”

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herdsmen

The economic consequences of Herdsmen/Farmer clashes – Dele Sobowale

SEVERAL mini-wars are raging in Nigeria at once and many more might erupt as news flashes of real and imagined Fulani herdsmen attacks on communities across the country reach us daily. On Monday, January 22, 2018, two reports from Adamawa and Ondo States were published. The killings in Benue and Taraba continue unabated. Farms are destroyed, crops lost and the incentive to plant anew dwindles with each attack. Yet, the Federal Government of Nigeria is not addressing the economic consequences of the widespread conflict.

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We have no refineries; we have scraps – Dele Sobowale

ONE of the reasons Nigeria has never developed as well as her great potentials will suggest is that we live on collectively accepted lies. Among the most enduring is the idea that this country has four refineries. We have a Ministry of Petroleum Resources, the Nigerian national Petroleum Corporation, NNPC, which we claim operates four refineries with combined refining capacity of 445,000 barrels per day. The refineries meanwhile were established from 1965 to 1980.

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Stop playing politics with 2018 budget in the national interest – Dele Sobowale

SEVERAL reasons have been adduced for the continuing delay in getting the 2018 budget passed. This is unfortunate because the 2018 budget has been the most professionally prepared document in more than thirty years – dating back to the Babangida regime. IBB had two former World Bank economists working for him at the same time – Dr Kalu Idika Kalu, KIK and Dr Okongwu.

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A catalogue of failures by buhari’s ministers – 1

IN 2016 and again in 2017, they collectively and individually deceived their Fellow Nigerians. Announcing “the biggest budget ever in the history of Nigeria”, they never told us they were not going to fulfill their promises. We failed to take notice in 2016 when the first budget prepared by this administration was a burst. We were too trusting; or as some of us thought, they lacked experience and would soon learn. But as we crawl to the end of 2017, it is becoming quite clear that these guys really intend to continue to lie to us.

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