The World Bank Ease of Doing Business Index “indicates better, … simpler, regulations for business, and stronger protections of property rights,” usually for the benefit of Foreign Direct Investors, who will like to guarantee conducive environment for their businesses. The thrust of the Ease of Doing Business idea involves: enforcing contracts; resolving insolvency; starting (new)…
In the world of commerce, a “Sleeping Beauty,” is a company, usually a startup, that is attractive to hostile takeovers, because of its appealing features, like a stash of cash, undervalued real estate or shares, but has a management that is unable to take advantage of its potential. In Nigeria, government-owned enterprises, like the Nigerian…
After Prof Oluwatoyin Ogundipe approached the National Industrial Court to withdraw a lawsuit he instituted against the Dr. Wale Babalakin-led University of Lagos Governing Council that reportedly sacked him from his position of Vice-Chancellor, the University Visitor, and President of Nigeria, Major General Muhammadu Buhari (retd), stepped in. Buhari asked the Pro-Chancellor, the Vice-Chancellor, and…
Femi Fani-Kayode, former Minister of Aviation, shouldn’t evade the question asked by Daily Trust newspaper reporter, Eyo Charles, who wanted to know who is paying for the nationwide “ward round” he is making, inspecting projects carried out by some state governments. Charles explained, “I obliged the invitation (to FFK’s press conference)… so that it would…
“E fe pa is kétékété ni?” is the way the Yoruba would ask if a taskmaster intends to add the last straw to finally break a camel’s back. This question is patently necessary now, because it appears that both the state and Nigeria Inc. seem intent on piling unending burdens on hapless Nigerian citizens. Sometime in…
A good idea that is coming out as an imposed federal law, instead of an agreement between the Federal Government and the federating units, is the Water Resources Bill that has entered its Third Reading in Nigeria’s House of Representatives. There is no doubt of a need for a pan-Nigeria approach to harnessing the water…
Don’t allow anyone to fool you with the cock-and-bull tale that capitalism is only market-driven economy, and its citizens and corporates do not receive subsidy or any form of helping hand. If you believe that, you will believe anything. Tax experts will admit that tax breaks, given to companies by governments, are a form of…
Hans J. Morgenthau, international relations scholar, thinks that the national character of the people of a nation are “certain qualities of intellect and character (that) occur more frequently, and are more highly valued in one nation than in another.” English poet, Samuel Taylor Coleridge, avers, “There is an invisible spirit that breathes through a whole…
Aisha Yesufu expressed concern that Nigerians, who usually complain about failure of governance in Nigeria, failed to show up for a scheduled protest march on Independence Day. The film footages showing some protesters were scanty, almost vacant. Some of those who managed to come to protest admitted that their number was probably not too impressive….
Members of Nigeria’s club of elites, like former military dictator, Ibrahim Babangida, who insist that the unity of Nigeria is not negotiable, obviously did not reckon with God, through Pastor E.A. Adeboye, General Overseer of The Redeemed Christian Church of God. Though he didn’t say, “Thus saith the Lord,” when he suggested that Nigeria must…