Economic hardship: South-East traders lament low patronage, high costs
…Residents demand government intervention as traders seek grants, lower levies By Ugochukwu Alaribe, Chinedu Adonu, Vincent Ujumadu, Jeff Agbodo, Chimaobi Nwaiwu and Emma Iheaka UMUAHIA — Residents and traders across the South-East have lamented the rising cost of goods and services, declining consumer purchasing power and worsening business conditions, urging the Federal Government to introduce […]
VOICES ON FUEL SUBSIDY REMOVAL
Subsidy removal will free N1.2 trillion in savings part of which can be deployed in providing safety nets for poor segments of the society to ameliorate the effects of the subsidy removal
–President Goodluck Jonathan.
The case for subsidy removal but – Sen Saraki
Dr Bukola Saraki, the immediate past governor of Kwara State, and the senator representing Kwara Central in the Senate, recently spoke with journalists in Ilorin, on the state of the nation. State Correspondent, DEMOLA AKINYEMI, was there. Here are excerpts from the parley.
Why government will not keep its promises, by Akinlaja (Ex-NUPENG Sec. Gen)
Hon. (Comrade) Joseph Iranola Akinlaja is a member of Federal House of Representatives, representing Ondo East/West Federal Constituency. Before he delved into active politics he was a labour leader of note. He rose to the position of deputy national president of Nigeria Labour Congress, NLC, and Secretary General of Nigerian Union of Petroleum and Natural Gas Workers, NUPENG. After that, the Petroleum Tanker Drivers (PTD an affiliate of NUPENG) made him their Grand Patron/Technical Consultant. He is currently national deputy chairman of Labour Party and deputy chairman House Committee on Women Affairs, and member of other key committees
Subsidy Removal: The thickening conspiracy
Last week, it was about the riddle of political stability and economic prosperity.
Today, and as this administration, which came to power on the crest of massive goodwill, continues its push for the removal of the subsidy on petrol, the riddle is about the chicken and the egg.
FUNDING MEDIUM TERM FISCAL FRAMEWORK: The odd mix of MTFF & subsidy removal
Professor Joseph E. Stiglitz, Economics Nobel Prize Winner, 2001, in “Undoing the bankruptcy of capitalism”.
In part one of this review of the MTFF, it was pointed out that the authors, ably led by our Federal Minister of Finance, were merely indulging in semantic and cosmetic changes. Multiple-year economic plans are as old as the Gowon administration. Until now, they were called Medium Term Economic Plans, MTEP. And none has worked from the 1970s till now. Is there anything in the MTFF which is so radically different as to induce confidence in its pronouncements?
