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AFTER the euphoria of Saturday’s governorship elections, the winners will confront the grim reality of managing insolvent states. Just how precarious the finances of the 36 states have become was highlighted by the Fiscal Responsibility Commission, which said their combined debts exceeded their revenues by N2.39 trillion in 2017, a 53.31 per cent deficit. With …
Continue reading "Debts, insolvency driving states to bankruptcy"
Nigeria grabbed the headlines for the wrong reason in the United Arab Emirates recently, when five of her youths smashed a bureau de change outlet in the Sharjah Emirate of the country and made away with Dh2.3 million (about N226.1 million in our local currency). The UAE police said the robbers had travelled on March …
Continue reading "Curb export of crimes abroad By Punch Editorial Board"
Less than two months to the end of his first incumbency, it is now beyond doubt that President Muhammadu Buhari loves to bask in the short-term escapism of foreign trips. In the past week, the President has been to three different capitals in West Africa and the Middle East. With misery, insecurity and economic implosion …
The political class has destroyed so many things in this country. The health system has been destroyed. People now travel abroad for medical attention. Sanusi Lamido Sanusi, the Emir of Kano, has indicted politicians on the growing rate of insurgency in the country, claiming that the political class is aiding kidnapping and thuggery. Speaking at …
Continue reading "Politicians Have Destroyed Institutions In Nigeria, Says Sanusi"
There is a battle for survival. If you’ve ever read the book, ‘Animal Farm’, that’s what it is. Because there is economic insecurity, it leads to social insecurity, which means that you are now reduced to your animalistic instincts Bismarck Rewane, Chairman of the Presidential Technical Advisory Committee on the Implementation of the National Minimum …
Continue reading "There’s Nothing Like ‘Rich’ In Nigeria, Says Rewane"
Centre for Nigeria Progress 