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Editorial

Ending persistent fuel scarcity

For over two decades of civil rule in Nigeria, the country has continued to export her crude, while importing refined products, resulting in incessant scarcity and unprecedented hike in prices, unleashing avoidable hardship on the citizenry. From 1999, and till date, the politicians have been promising to revitalise the refineries that are moribund, which ordinarily ...

Sustaining Nigeria’s ranking as top crude oil producer in 2023

Dry season fire outbreak

Armed Forces Remembrance Day: Fallen and surviving heroes deserve more

Condition of public schools

Collaboration of CBN with stakeholders on new naira notes withdrawal limits

Escape of prime suspect in murder of ex-CBN staff, wife in Ogun

While everyone is busy thanking God and relishing seeing the brand new year on January 1, 2023, the news filtered in the afternoon that some suspected arsonists set a couple ablaze shortly after returning from the crossover service held to mark the arrival of the new year. The only son of the couple as well ...

Fourth Mainland Bridge: The promise of compensation

Lagos State government is embarking on the Fourth Mainland Bridge project, which is expected to lift the state socioeconomically, but at the same time heightening fears and anxiety because of the envisaged adverse effects it will have on hundreds of families in the state. The 38-kilometre bridge is expected to gulp about $2.5 billion (about ...

Implementation of the 2023 budget

Following failure of the Federal Ministry of budget to sanction budget implentation defaulters, ensuring full implentation and ensuring effective sanction for 2022 budget implementation defaulters will be highly appreciated. President Muhammadu Buhari had signed 2023 budget into law. What remains is the implementation. The signing of the eight and the final annual budget of this ...

Oyetola’s N14bn handover note: A challenge for governors, public officials

completing their second term of right years have commenced mop up of state treasuries. The action of Oyetola should be emulated by serving Governors and other political office holders. It is not strange that most of these outgoing Governors are contesting for Senate so as to defend their cooked accounts.To encourage others to emulate Oyetola, ...

Food export: Farmers should harness Banks’ loans to boost forex trading

With the Central Bank of Nigeria’s (CBN) pronouncement that the non-oil exporters repatriated the sum of $4.99 billion into Nigeria in 2022. The Governor of the CBN, Godwin Emefiele, disclosed this while delivering a keynote address at the second edition of the RT-200 Bi-annual Export Summit recently in Lagos. It is time for our teeming ...

Fixing Nigeria’s embarrassing power sector crisis

As President Muhammadu Buhari prepares to exit power come May 29th next year, it has become increasingly glaring that Nigeria’s decade-old electricity crisis will persist despite his pledge to turn things around. Though estimates of power needs for Africa’s largest economy range from 25,000MW to 40,000MW, installed generating power capacity is about 12,522MW, and transmission ...

Barr. Raheem: Why IGP must set scapegoat to end extrajudicial killings

More condolences and condemnations have continued to set social media ablaze across the four walls of Nigeria over the Christmas day avoidable killing by a police officer of Omoblanle Raheem, a Lagos-based lawyer. Many prominent Nigerians have taken to social media to express outrage over the killing and call for justice for the deceased. Men ...

Conversion of polytechnics to universities worrisome

There was a dichotomy between Higher National Diploma (HND) holders and university degree graduates. University graduates were rated above their polytechnic counterparts at any meeting point to the dissatisfaction of the latter. The narration was expected to change when a legislative bill was passed to put an end to the discrimination between the two. The ...

Christmas and Boxing Days: Finding joy, celebrating love

Christians celebrate Christmas as a remembrance of the birth of Jesus Christ. The birth brought joy to the Christian world after several years of prophesies. While Boxing Day is a day for giving out to the less privileged in the society. Can we still find joy in Nigeria’s society today where kidnappings and bombing have ...

Qatar 2022: A mirror of possibilities

Fanfare and controversies have surrounded the just concluded world cup that saw Argentina emerge as the winner of the 2022 FIFA World Cup. Football lovers and even those who seem disinterested followed the games all over the world. Qatar was awarded the right to host the 2022 FIFA World Cup on 2nd of December 2010. ...

NSCDC recovers N80m, resolves 800 cases in 11 months in Oyo

Nigeria Security and Civil Defence Corps (NSCDC), Oyo State Command, has said it recovered over N80 million fraudulently obtained from unsuspecting public members between January and November. NSCDC Commandant, Michael Adaralewa, who disclosed this during the end-of-the-year get-together in Ibadan, said the Command also resolved 800 disputes during the period under review. Adaralewa, represented by ...

CBN, DSS must stop in-fighting

The internal rumbling among President Muhammadu Buhari Administration members raises serious concern. The recent in-fighting between the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele and the Department of State Services (DSS), is a typical example. Outside Nigeria's frail economy decorated with heightened inflation, energy crisis, unemployment, poverty and insecurity, Nigerians still have ...

US-Africa summit: Africa needs more than $15bn new deals

The US-Africa summit has come and gone. The US President, Joe Biden, and a group of US business leaders met with 49 African presidents and many business stakeholders. He made promises to improve the US bilateral and multilateral relationship with Africa. He had spent much of his first two years in office trying to assuage ...

The need for judicial autonomy

An independent judiciary is necessary to ensure the rule of law is respected. Judicial independence means that judges are not subject to pressure and influence and are free to make impartial decisions based solely on fact and law. The independence of the judiciary protects individual liberties and prevents a tyranny of the majority. Examples include ...

Collaboration, key to end fuel scarcity

For almost four months on now, Nigerians have continued to groan amidst unending queues for Premium Motor Spirit (petrol, as popularly known) at filling stations. The long queues started appearing at the filling stations across the country in September, forcing the price of the petroleum products to jump from N180/litre to between N205 and N210 ...

NCC’s N569bn 2023 budget and telecoms growth

On Tuesday, the Senate approved N559,080,711,000 as the fiscal budget for the Nigerian Communications Commission (NCC) to drive continuous growth in the telecommunications industry. There are several examples of this telecoms growth in Africa. In South Africa, the wireless telecommunication services market grew by 7.5 per cent in 2021, reaching a value of $7.2 billion. ...

Purchase of PVC by Politicians?

Just less than 90 Days to the 2023 General Elections, the Independent National Electoral Commission (INEC) has raised the alarm over desperate politicians wanting to win by all cost through sharp practices of buying the Permanent Voters Cards (PVC)from the electorate. The Election umpire emphasised such unwholesome happening is posing a challenge towards achieving a ...

That CBN cash withdrawal limit

The Central Bank of Nigeria last week Tuesday put a limit on cash withdrawal made by individuals and organisations with effect from January 9, 2023. In a memo signed by the Director of Banking Supervision, Haruna Mustafa, the apex bank directed all banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals ...

World Cup: Morocco’s semi spot keeping Africa’s hope alive

The Atlas Lions of Morocco, against all odds have set new record as the first African country to qualify for semi-final of the FIFA World Cup. The North African country achieved this feat after their hard earned victory over Portugal in the ongoing World Cup in Qatar, in a quarter final match. The North African ...

Time to embrace CBN’s naira redesign policy

There have been ripple of reactions following the latest Central Bank of Nigeria (CBN) revised policy on cash withdrawal. CBN’s revised guidelines on the effective implementation of the naira redesign policy states that from 9th January 2022, Automated Teller Machines, ATM/ Point of Sales, POS withdrawals would be limited to N20,000 Per Day. The notification ...

Political campaign Thug-war of words vs 2023 Elections

As the countdown continues on the 2023 General Elections, the political gimmicks and campaigns by Politicians are witnessing a high tension with the throwing of words at one another to damage image of opponents. Espectedly, politicians have been moving from pillar to post trying to market and de-market themselves to the citizens instead of engaging ...

On LG autonomy we stand!

President Muhammadu Buhari on Thursday accused state governors of thwarting development in the country by tinkering with local governments’ allocations. According to the widely reported news, President Buhari accused the state governors of forcing the helpless local government chairmen to sign that they have received 100 percent of funds allotted to their respective local governments ...

Mother tongue policy in primary education

The Federal Government has approved a new National Language Policy which makes the mother tongue a compulsory medium of instruction in primary schools. The Minister of Education, Adamu Adamu, revealed this to State House correspondents after the Federal Executive Council meeting presided over by President Muhammadu Buhari at the Presidential Villa. According to him, the ...

Strengthening NDIC to enhance supervisory operations in modern banking

The role of Nigerian Deposit Insurance Corporation (NDIC) in reviewing policies and programmes to enhance its regulatory and supervisory functions in the Deposits Money Banking (DMBs) cannot be overlooked. The corporation has been engaging stakeholders and members of the Senate Committee on banking, insurance and other financial institutions in several workshops to reamend some laws ...

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