Columns culled from The Point Newspaper website
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…
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…
Before the next government formally removes petrol subsidies, a few things must be put in place. The outgoing government of President Muhammadu Buhari that announced the gradual phasing out of the subsidy makes no provision for subsidy in the budget beyond mid-2023. In 2022, the Nigeria National Petroleum Company Limited reported that it spent a…
Maybe you’ve seen the photo of the old man who recently married a pre-teen 11-year-old girl and you remember a former Nigerian Governor, who took a 13-year-old Egyptian girl child as a bride. If you did, and you know the importance of training a child to prosper and to contribute to the progress of Nigeria,…
While attempting to predict that the United States of America will soon lose its supremacy over the rest of the global village to China, a friend traced the story of how the domination of the world passed from one civilization to another through history. He claimed that after the Phoenicians, Egypt became the next leader…
Evidence that the forced migration of Nigerians into the cashless society failed woefully is in the final decision by the Central Bank of Nigeria to obey the ruling of the Supreme Court of Nigeria and return the old N500 and N1000 notes into circulation. Now, you ask, “What was the point of the apparently ill-thought-out…