First off, I say happy birthday to Prof Folasade Ogunsola, whose 64th birthday was two days ago, November 14. On November 11, 2022, she became first female Vice Chancellor of the University of Lagos as the curtains were drawn on the colourful five-year tenure of populist Pastor-Prof Oluwatoyin “Odogwu” Ogundipe. It was also a fitting…
Malevolent scoundrels and incurable incompetents who run the Nigerian state are the reason why Nigeria always seems never able to have enough foreign exchange to finance its myriads of (sometimes unnecessary) imports and to strengthen its currency, the Naira. If it is true that about 500,000 is stolen from the 1,830,000 daily quota of petroleum…
Though President Muhammadu Buhari may be regarded as attempting to divert the public’s attention away from the general failure of his now lame-duck government, you must consider his thoughts about state governors, who hold funds due to the local governments in their states, hostage. The zing in the President’s accusation must have hit home so…
The Central Bank of Nigeria, under Godwin Emefiele, tried to compel those with so-called idle funds to set up brick-and-mortar enterprises, by crashing the interest payable on savings accounts, fixed deposits and Treasury Bills. This CBN policy is almost unmindful of the failure of the Minister with the longish title of Finance, Budget and National…
With the very elaborate electioneering timetable that he published, the All Progressives Congress presidential candidate, Bola Tinubu, may have (literally) thrown caution away to embark on a nationwide campaign, even to states, including Borno, in the insurgency-infested North-East corridor of Nigeria. Other presidential candidates, including Peter Obi of the Labour Party, Atiku Abubakar of the…
Welcome to 2023, the year that is pregnant with the defining moment, May 29th, when the political and economic fortunes of Nigeria will be turned over to another President, who can make or mar the destiny of every Nigerian. What needs the urgent focus of the incoming President and his team is the reworking of…
If electricity generation, transmission and distribution companies were listed on the stock exchange, it is possible that the discipline of the marketplace would compel them to perform more optimally and deliver adequate electricity to the homes and businesses of Nigerians. This is the default argument of those who believe in the capitalist doctrine of a…
Nigeria’s “japa” generation are mostly youths who are daily becoming economic migrants in First World nations because their energies and talents are not being harnessed by the Nigerian political elite, who are practically ill-prepared and ill-fitted for the assignments they have forced upon themselves. In addition to a grand failure to come up with pragmatic…
After making brilliant predictions, economists then spoil everything with the caveat, “ceteris paribus,” or all things being equal. It’s their way of admitting that they are not God, and, like other mortals, are fallible. Economists even poke fun at themselves with the observation that when 10 economists form a committee, they’ll likely come up with…
Everyone knows that candidates for sundry political offices have expressed their intentions and provided their manifestos to the people of Nigeria. And the hour is fast approaching for you, the citizens of Nigeria, to choose those who will administer your affairs in the next four years. If the choice was between the reelection of incumbent…