Recently, the Peoples Democratic Party (PDP), the ruling party in Nigeria, held its national convention for the purpose of electing national officers of the party. Before the convention, there were heated campaigns in some zones of the country for the political offices allotted to their zones. The case of the North East geo-political zone which […]
President Goodluck Jonathan is seeking the approval of the National Assembly to borrow $7.905 billion (about N1.3 trillion) from five financial institutions, the World Bank, African Development Bank (ADB), Islamic Development Bank, Exim Bank of China and Indian Lines of Credit. In a letter of his intention to take the credit facility, addressed to the […]
By 2015, nations of the world are expected to meet the first target of the eighth Millennium Development Goal (MDG) of reducing, by half, the proportion of its people living in extreme poverty. On paper, this is good news. But accelerating progress on the MDGs needs to be well-thought out. It also requires focusing on […]
The Chairman of the Presidential Task Team on Pension Reform, Mr. Abdulrashed Maina’s recent revelation that a pension racket syndicate had been defrauding the Federal Government of about N3.3 billion monthly is mind-boggling. Also stunning is the discovery of how a few privileged but corrupt civil servants in the Pension Office of the Head of […]
In his small but insightful book entitled THE TROUBLE WITH NIGERIA, the renowned writer, Chinua Achebe pin-pointed Nigeria’s major ailment. The trouble with Nigeria, he posited, boils down to corruption and wanton greed as well as lack of political will to deal with these monsters. The solution? Make corruption difficult and unprofitable, Achebe writes. Reason? […]
The latest monetary policy by the Central Bank of Nigeria (CBN) aimed at easing pressures on cash transactions in the banks has already begun in Lagos. It is known as ‘cashless’ policy. In some other countries operating the system, the policy is called ‘mobile wallet’, which is an alternative payment method that allows a consumer […]
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