MANY Nigerians sorrowfully misconstrue the supposed looting spree that characterised the successive Nigerian governments as the epicentre of the economic muddle the country is facing today. Some think that recession set in because Nigeria refused to save during the days of oil boom. But lack of true federalism is simply the mother of Nigeria’s many … Read more
It is New Year again. As usual, many Christians went to Church on New Year Eve to receive prophesies for the incoming year about what it may bring. There were prophesies like “APC will face crisis”; “A new party will be formed by politician”; “A popular politician will signal his intention to run for the … Read more
Before now, there have been suggestions that local industries should be supported in order to produce guaranteed pharmaceutical products for local utilisation, because no nation progresses by importing everything it uses without the local content. This has made the opinion expressed by Prof. Temitope Alonge, recently signifying that expensive drugs can be a thing of … Read more
It’s heart-warming to note efforts by the present administration led by President Muhammadu Buhari to invigorate the economy for the overall interest of Nigerians. One of such proposals is the ‘Emergency Economic Stabilisation Bill 2016’ seeking emergency powers from the National Assembly to push his planned stimulus for the economy. In the proposal, President Muhammadu … Read more
Abuja (AFP) – Nigeria’s economy nosedived into a recession, official data showed Wednesday, with oil production hammered by militant attacks on pipelines and foreign investment at a “record” low. Output in the three months to the end of June was -2.1 percent with the oil sector reporting a double-digit decline following a wave of attacks … Read more