The back-and-forth between the northern Nigerian political establishment and southern Nigeria is probably a struggle between conservative Nigeria and the pseudo-progressives who are closet conservatives. After conceding the presidency to the South, the northern Nigeria political establishment wanted archconservative North-West Nigeria to head the legislature, to checkmate any radical restructuring that President Bola Tinubu may…
Some argue that if the government is spending 96.3 per cent of its revenue on debt servicing, while also satisfying other financial responsibilities for infrastructure, salaries and overheads, the government cannot afford any palliatives. Yet others vehemently insist that the government’s revenue shortage is a result of the trick of the Nigeria National Petroleum Company…
Many Nigerians can’t wait to see the exit of the Muhammadu Buhari administration that expires today. One of the reasons that many Nigerians are in a hurry to see its end is the debt binge it went into, especially in the twilight years of its life. By 2022 ending, Nigeria owed N46.25 trillion long-term loans….
This intervention is inspired by the submission by someone that City Fathers of Warri City, in Delta State, may have been negligent by not checking the excesses of those who levied illegal taxes on corporate organisations that included International Oil Corporations and their allied service industries. The Warri narrative, which may have been exaggerated, claims…
A presidential aspirant then, Bola Tinubu, desperately wailed, “Emi lo kan,” meaning, “It’s my turn,” when he wasn’t quite sure he would win the presidential ticket at the approaching primaries of the All Progressives Congress early 2022. “Emilokan,” an expression of his desperation at the looming betrayal of nearly every APC potentate, including former President…
The sack of the resources of the House of Oodua, or South-West, was accomplished by two sets of buccaneers, non-indigene military governors, who were first appointed by General Murtala Muhammed in 1975, and indigenous civilian governors, especially in the current Fourth Republic. They battered its resources so much that one could say that the glory…
Because it will take some time for its long-term macroeconomic policies to begin to yield significant and appreciable results, one of the first things that the incoming administration of President Bola Tinubu should do is to creatively tweak the foreign exchange rate regime, so that a stronger Naira will buy more in the international market….
It’s no more news that the Central Bank of Nigeria Governor, Godwin Emefiele, put the noses of all Nigerians through a grind with the introduction of a cashless policy that nearly ruined the Nigerian economy and impoverished many Nigerians. There’s another paperless policy, whereby Nigeria’s policymakers, by sheer negligence and inability to look into the…
Nigeria’s minimum monthly wage of N30,000, which most employers, including some state governments are not even paying, has been stuck, rooted, since 2015, when President Muhammadu Buhari assumed power at the Federal level. That is bad enough. But worse is that inflation, which the National Bureau of Statistics put at 9.01 percent in 2015, jumped…
First, the government of President Muhammadu Buhari announced what everyone thought was an irrevocable and tough-minded policy to remove the subsidy on motor fuel, beginning from the second half of 2023 Financial Year. To achieve the subsidy-free policy, the President grandly announced to Nigerians that the 2023 annual budget will provide for fuel subsidy up…