Category: Economy

Olusegun Obasanjo

That Obasanjo’s Bombshell on the economy

December 12, 2011 | Comments (1)

At a recent advocacy workshop organized by the Revenue Mobilisation Commission (RMAFC), on the need for economic diversification and revenue generation, in Abeokuta, former President Olusegun Obasanjo dropped another bombshell on the economic performance and problems confronting the nation. His criticisms of the government could be his usual blunt frankness as this writer had witnessed [...]

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A Muslim’s Thought on Christian Banking in Nigeria

A Muslim’s Thought on Christian Banking in Nigeria

July 25, 2011 | Comments (21)

By Yushau A. Shuaib It is rather unfortunate that every issue in Nigeria today is debated on the basis of ethnic or religious sentiments, while every action taken is politicised, becoming a weapon for further escalation of animosity among the Nigeria’s citizens. What is more alarming is when religious leaders join the bandwagon in fanning [...]

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A Season of Natural and Man-Made Disasters in Nigeria

A Season of Natural and Man-Made Disasters in Nigeria

October 23, 2010 | Comments (4)

On September 23, 2010, the National Emergency Management Agency (NEMA) hosted a preliminary meeting for a simulation exercise on presumed terrorist’s bomb explosions iat a very strategic place in Abuja. The agency which has in its service officers from Nigeria Intelligence Agency (NIA), the Nigerian Army, Navy and Airforce, had a full attendance at the [...]

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The Victims of Halliburton and TSKJ Scandals

The Victims of Halliburton and TSKJ Scandals

May 18, 2010 | Comments (3)

Just as there is confusion over the names of the major oil company involved in the bribery scam for a gas plant in Nigeria, so also are the different lists of alleged beneficiaries. The story of bribery scandals by a consortium of foreign oil firms operating in Nigeria has resurfaced again with names of the [...]

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NEMA Helicopter

The Plane Crash and Fire-Outbreak in Nigeria

March 15, 2010 | Comments (0)

Nigeria has continued to witness series of embarrassing disasters and emergency situations that are largely man-made; for instance youth militancy, communal clashes, religious conflicts, fire outbreaks, road accidents, kidnapping and robberies. The magnitudes of the carnages usually overwhelm response agencies responsible for managing and mitigating such situations. The National Emergency Management Agency (NEMA) an organization [...]

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Nigeria

The Battle Over Excess Crude Accounts

February 28, 2009 | Comments (0)

This is indeed a period of legal battles to resolve issues bordering on Fiscal Federalism. Nothing has been more contentious amongst the tiers of government than the controversial Excess Crude Accounts. Recently fourteen states of the Federation sued the Federal Government over illegal deductions from the Federation Account and on the illegality of the Excess [...]

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Africa Finance Corporation and Other Probes

May 30, 2008 | Comments (1)

Africa Finance Corporation and Other Probes – By Yushau A. Shuaib In this season of probes on various sectors of the Nigeria’s economy, there are insinuations that the enquiries are witch-hunting exercises to nail some personalities of the previous administration. More worrisome are the emerging tribal sentiments being expressed on some of the investigations. While [...]

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Power Probe: A Repeat of Old Dramas – By Yushau a. Shuaib

April 2, 2008 | Comments (0)

Power Probe: A Repeat of Old Dramas – By Yushau a. Shuaib He is not a major player… or a participant in the mind-boggling billions of Naira and dollars expended on the controversial electricity power projects during Obasanjo’s administration. Nevertheless, he was actively involved as an umpire on fiscal allocation. His organization apart from monitoring [...]

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NITEL: Saving Our Collective Patrimony- By Yushau A. shuaib

March 26, 2008 | Comments (2)

NITEL: Saving Our Collective Patrimony- By Yushau A. Shuaib It gladdens my heart that at last some of the process of sales of our collective assets as a nation, which have been covertly bequeathed in the name of privatisation to the very few, are being reviewed especially when they have failed in their operations. I [...]

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WINDFALL: Sharing of Excess Crude and Dollarised Allocations- By Yushau A. Shuaib

March 16, 2008 | Comments (0)

WINDFALL: Sharing of Excess Crude and Dollarised Allocations- By Yushau A. Shuaib This is a season of windfall and a period of extra vigilance by electorate to closely monitor how huge and unprecedented revenue allocation would be managed from the Federation Account. Imagine this reality: apart from the monthly statutory releases, VAT disbursements and internally [...]

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