“If fuel subsidy removal is going to be your opening gambit in this complex game of economic-chess, you might as well return to your desk at the World Bank.” Dele Sobowale, August, 20II. Advice given to Dr Okonjo-Iweala.Read More
“The outstanding faults of the economic society in which we live are its failure to provide full employment and its arbitrary and ineuitable distribution of wealth and incomes”. John Maynard Keynes, 883-946, in The General Theory of Employment, Interest and Money. Published in 936.Read More
To this, Albert Camus,1903-1960, Algeria born French philosopher and Nobel Prize Winner, in Return to Tipasa, added. “It is a mistake, almost often punished to return to a place one once loved and hope to regain the same ardour.” Madam Ngozi Okonjo-Iweala, Minister of Finance, is like a “fish out of water; flapping on the pier.”Read More
Even, when some of the broad outlines of history appear to repeat themselves, on the whole nothing remains the same. Mankind has been repeating many errors made in the past since recorded history. Africans are the most backward people on earth because we hardly wrote our own history. We waited for Europeans to start writing our history for us. And, now in Nigeria, history has been removed from the school curriculum. That will guarantee that future generations will fall into the same traps as we.Read More
I want to extend my greatest gratitude to Captain Roosa for caring about Nigeria more than our leaders apparently do. I don’t cry over rubber because it represents several opportunities lost in this country. In my short span of life, I have been closely associated with at least four crops – two food and two cash crops – which if grown to the limit of our collective abilities could make our squabble over crude oil revenue disappear.Read More
The Malaysian proverb was offered to Nigerians at the second Nigerian Economic Summit in Abuja by the Guest Lecturer, a Malaysian, who had worked on that nation’s Vision 2020 programme. Unlike the two fraudulent Nigerian versions – VISION 2010 and VISION 2020 – the speaker made it clear that Malaysia, which was already light years ahead of Nigeria, planned to achieve the objectives of VISION 2020 in a generation – defined as thirty years.Read More
The first part of this series on cassava bread appeared on Monday last week; it could not have come at a better time. On Wednesday, June 11, 2012, after the Federal Executive Council, FEC, meeting, the Minister of Finance, Dr Ngozi Okonjo-Iweala, announced that President Goodluck Jonathan had approved two major incentives aimed at encouraging the production of cassava in the country.Read More
As a demonstration of personal preference for cassava bread, the President is in order. And as the transient occupant of Aso Rock, he and Mrs Jonathan can eat whatever they choose. But, it is a grave error to mistake what is a personal preference for a sound national food policy. It is almost certain that cassava bread, as staple in the Presidency, will not outlast Jonathan himself.Read More
In one corner of Cross River State, raw rubber production, which should be at its highest during the rainy season, is dropping. Reason; a paramount chief in the area died recently and ten human heads are needed before he can be buried.Read More
Capital is a coward; it takes flight at the slightest indication of prevalent violence and destruction”. Anonymous.
The Vision 20:2020 project; at best a foolish stunt because it is not based on sound economics, had become increasingly another scam foisted on the Nigerian nation to siphon money into private pockets – especially those of its most ardent promoters in government.
That was the advice of thousands of parents to their sons at the beginning of the founding fathers of the “expatriates” who conquered the vast country which we now know as the United States of America. Then, as now, there were restraining hands, urging people not to go and exploit the opportunities which the new frontiers presented.Read More
“This is what the truth is. Going behind what you hear first. Asking a hundred questions until you make up your own mind on the basis of real evidence.” James A Michener in Hawai.Read More
James Michener was for years an editor before he became a writer of historical novels; he wrote over 20 books and he is one of my mentors – even in death. When in 1994, I first started writing general commentary, the first thing was to find out the cardinal principle of journalism and to apply it at all times to all situations and issues. It still boils down to finding the facts and not being swayed by popular opinions.Read More
Nigeria’s capital market is totally wrecked. It had been partially demolished by 2008, but there was still some hope. Now it is in ruins – thanks to the heads of the two institutions controlling it. The global community, and nations with honest capital markets, whose shares are heading for the basement, must be amused that in Nigeria those who are supposed to build the capital market – the NSE and SEC—are exactly the ones destroying what is left of it.Read More
“0803-301-9018 Sir Uduaghan has no clue about governance. He mouths a 3 point agenda which has gone nowhere for 5 years. His only agenda was and still to cover up thieving of our commonwealth by Ibori and their clan. Pls ask them how much they have spent on the airport so far.Read More