The Nigerian economic situation can be aptly described as an interlocking set of vicious circles that perpetuate economic stagnation and rural poverty. One of these circles involves the savings – investment gap in rural Nigeria.

On May 29, Muhammadu Buhari will take office as President of Nigeria. Expectations are high as most Nigerians expect the coming government to wave a magic wand and make all their problems disappear. The Buhari campaign which ran on a ‘CHANGE’ mantra made numerous promises to Nigerians during the campaign.

The family of late Justice Chuba Ikpeazu, two-time Chairman of the Nigeria Football Association (NFA) marked with fanfair his 10th year memorial service at his residence in Onitsha, Anambra State.

The Extradition Treaty between Nigeria and the United States was signed on June 24, 1935 while it entered into force on June 24, 1935. The treaty was signed with the United States by the British colonial regime which then exercised dominion over the territory of Nigeria. When Nigeria obtained political independence from the Britannic Majesty in 1960 the treaty was, like several others, adopted by the federal government.

If any of the Ministers in the outgoing government is now actively living in wonderland and releasing more fairy tales than facts about her accomplishments, that Minister must be Dr Ngozi Okonjo-Iweala. She doubled as the Federal Minister for Finance and the Coordinating Minister on the Economy, CME. In that regard, she was the second most powerful person in the outgoing government. Her appointment for the second time as Finance Minister was received with a great deal of hope and enthusiasm given her exalted status as one of the Managing Directors of the World Bank.