Nigerian government appears to be grasping for straw in the mist of mounting economic distress. The honest truth is that Nigeria government from the local to federal level is near broke. The oil prices are not rising as expected and our OPEC quota of 2.2 million barrel of oil per day are not been met …
Positive Policies amid Economic Misery and Recession
Nigerian government finally admitted the obvious fact that the country is in recession. I think Nigeria has been in recession for more than a year. Nigerians are suffering greatly. The cost of basic necessities has tripled due to lack of foreign currency needed for imports. It is unfortunate that Nigerians import most basic necessities. Business …
Budget Padding is not a Crime
Budget padding is not a crime. It is generally regarded world-wide as effort by political representatives of various national or state assemblies to help their constituents by steering projects to their states. In United states, it is called pork or earmarks or bringing home the bacon. Some members of the national and state Assemblies bring …
Looming Dangers: Sharia, Immunity and War on Corruption
It is fair to say that 80 percent of Nigerian problems are man-made. When some problems are on their way to been solved, some Nigerians starts digging another costly hole for the country. They are two important issues that are making their way quietly in the National Assembly. The first is Sharia amendment and the …
Unrealistic Expectations from President Buhari Administration
Nigerians had unrealistic expectation from the inception of President Buhari’s administration. Some even naively felt that he could perform magic and fix Nigeria problems overnight. It has been more than one year and Nigeria economic problem appears to have gotten worse from all available economic indicators. Why is Nigerian economy in such dire stress? The …