Can Agriculture Replace Crude? Experts reveal path to Nigeria’s export revival
By Cynthia Alo For more than five decades, crude oil has remained the dominant pillar of Nigeria’s economy, displacing agriculture from the position it once occupied as the country’s major source of revenue and foreign exchange. However, with the global shift towards cleaner energy and growing concerns over the sustainability of oil dependence, experts are […]
Sleazy details from House of Reps subsidy probe
It’s been accusations and counter accusations as more details of how the Nigerian National Petroleum Corporation NNPC is run emerge. The details are coming due to the protests that greeted the fuel subsidy removal by President Goodluck Jonathan.
Strike panicked Jonathan
WHEN on January 9, 2012, the Organised Labour made up of the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) backed by Civil Society Organisations (CSOs), made good their threat to shut down socio-economic life in Nigeria over the New Year Day shocking removal of fuel subsidy by the Federal Government, very few people, especially government officials including those in Aso Rock, gave them a chance.
Labour was a ‘sell-out’ – Mohammed Fawehinmi
Mohammed Fawehinmi is the eldest son of the late Chief Gani Fawehinmi. A critic,almost in the mould of his father, defied his condition and participated in the protest; a regular face at the Gani Fawehinmi Freedom Park, Ojota, Lagos last week. In this interview, he explains why he joined in the rally among other issue and why he will continue to protest.
Much ado about fuel subsidy
To subsidise is to sell a product below the cost of production. Since the Federal Government has been secretive about the state of our refineries and their production capacity, we will focus on importation rather than production. So, in essence, within the Nigerian Fuel Subsidy context, to subsidise is to sell petrol below the cost of importation.
Fuel subsidy removal: Tips for EFCC
THE Nigerian government claims that Nigerians consume 34million litres of petrol per day. Most experts disagree and give a figure between 20ml and 25ml per day. For this write up, I will use the government figure.
