Here we go again. Just when you thought that constitutional amendment to extend tenure of presidents and governors have been shelved by the president because of the outcry and protest by Nigerians, new information indicates that President Jonathan have repackaged and sweetened the deal so his new gambit will gain wider appeal to scale …
Category Archive: Politics
Nigeria War on Corruption at a Crossroad
Update: Article written before recent arrest of governors by EFCC Corruption in Nigeria is an ongoing nightmare. It is so endemic that it has permeated all sectors of Nigerian society. One cannot walk into most government offices and obtain help without offering bribe, commercial vehicle operators offer bribes to police at most check points. …
Stop Digging Mr. Central Bank Governor
CBN Act of 1958 established the Central Bank of Nigeria which commenced operation on July 1, 1959. As stated in the CBN act of 1958, the major regulatory objectives of the bank is to issue legal tender, maintain external reserves of the country, promote monetary stability and sound financial environment, act as banker of last …
Tenure Elongation for President and Governors
Few years ago, former president of Nigeria, Olusegun Obasanjo embarked in a disastrous quest for a third term which would have extended his presidential tenure from 8 years to 12 years or more. After 8 years in office, he started seeing himself as indispensable to Nigerian progress and peaceful co-existence. He cobbled together various …
Decentralization of Federal Power in Nigeria
Concentration of power at the federal level as currently exist in Nigeria is not the best way to achieve much needed rapid development. Decentralization of power from federal government to state, local and municipal governments is the way to go. Nigeria is made up of diverse ethnic groups which have similar goal of moving …