Globally, subsidies, whether for food, transportation, energy or housing, are part of good governance. So, the issue is not subsidies but who benefits from them. In Nigeria, subsidies are primarily for the rich, by the rich and for the rich. I will highlight a few, how they are being manipulated and how huge sums of money can be recovered not just to subsidize fuel but also to provide funds for development. 1. Diversion of N40 billion from Federation Account A company, Continental Transfert Technique had been hired by the Ministry of Interior to collect the Combined Expatriate Residence Permit and…
Author: Adewale A.
Ogun State Governor, Prince Dapo Abiodun, has congratulated the newly appointed Inspector General of Police (IGP) by President Bola Ahmed Tinubu, Mr Kayode Egbetokun. Egbetokun’s appointment in an acting capacity, pending approval by the Senate, was announced on Monday, alongside those of other Service Chiefs, the National Security Adviser and the Comptroller General of Customs (CG). Egbetokun, an indigene of Ogun State, was a Deputy Inspector General of Police (DIG), prior to his elevation to replace IGP Usman Alkali Baba. Prince Abiodun, in a statement from the Governor’s Office, said the elevations of Egbetokun and others were well deserved as…
Recent research has shown that 68% of high-revenue growth companies have embraced a hybrid model worldwide. With businesses enjoying remote or hybrid working, benefits including reduced maintenance costs, improved flexibility and extended talent pool, cyber security awareness has become more critical than ever. With this in mind, Indusface is intrigued to find out the most secure countries for businesses to allow their employees to work from, by creating an index score based on cybersecurity data including DDOS attacks, phishing sites, Malware hosting sites and compromised computers. Venky Sundar, Founder and President of Indusface also provided six tips for small businesses…
Following the recent revelation of Senator Adamu Bulkachuwa, the 83 years Husband of immediate past Appeal Court President, Justice Zainab Bulkachuwa, on how he influenced the judgments of the Appeal Court for his Colleagues in the National Assembly, while his wife (Zainab) held forth as Head of the Court in Nigeria. A human rights organization, the Centre for Human Rights and Social Justice (CHRSJ) has urged the Chief Justice of Nigeria (CJN), Hon. Justice Oluwakayode Ariwoola and the National Judicial Council (NJC) to begin the close Monitoring of the Justices of the Nigeria Courts, saying that the Bulkachuwa’s public revelation…
President Bola Ahmed Tinubu, GCFR, has approved the immediate dissolution of the Governing Boards of all Federal Government Parastatals, Agencies, Institutions, and Government-Owned Companies in the exercise of its Constitutional Powers and in the public interest. The dissolution does not, however, affect Boards, Commissions and Councils listed in the Third Schedule, Part 1, Section 153 (i) of the 1999 Constitution of the Federal Republic of Nigeria as amended. In view of this development and until such a time new boards are constituted, the Chief Executive Officers of the Parastatals, Agencies, Institutions, and Government-Owned Companies are directed to refer matters requiring…
President Bola Ahmed Tinubu, GCFR, has approved the immediate retirement of all Service Chiefs and the Inspector-General of Police, Advisers, and Comptroller-General of Customs from Service as well as their replacements with immediate effect. The newly appointed Officers are: 1. Mallam Nuhu Ribadu – National Security Adviser 2. Maj. Gen. C.G Musa – Chief of Defence Staff 3. Maj. T. A Lagbaja – Chief of Army Staff 4. Rear Admiral E. A Ogalla – Chief of Naval Staff 5. AVM H.B Abubakar – Chief of Air Staff 6. DIG Kayode Egbetokun – Acting Inspector-General of Police 7. Maj. Gen. EPA…
Dr Olisa Agbakoba, SAN has called on President Bola Tinubu to implement the Uwais Committee Electoral Reforms. Hon Justice Mohammed Lawal Uwais is the longest-serving Chief Justice of Nigeria (CJN) and has been blessed by God to reach the milestone Age of 87! President Tinubu’s special gift to our CJN is to implement the far-reaching electoral reforms of the Uwais Committee. Agbakoba adds “I was honoured to serve in the Uwais Committee. Mr president! please implement the Uwais recommendations”
His Serene Majesty King Prof. T.J.T Princewill, Amachree the XI and Amanyanabo of the Kalabari Kingdom has passed on. In a statement titled “The King has departed, long live the Kingdom” by his son Prince Tonye Princewill on behalf of the family said, “It is with a very heavy heart that I am formally announcing the departure of my father, our King and His Serene Majesty, King Prof. T.J.T Princewill, Amachree the XI and Amanyanabo of the Kalabari Kingdom. He was not just my father; he was also my best friend. “Earlier today, the Buguma Council of Chiefs and the…
Professor Yemi Oke, a Professor of Law, University of Lagos and a prominent citizen of Egbaland, has expressed dismay at the unwarranted display of thuggery by some APC elements today at the Election Petition Tribunal sitting in Abeokuta today, June 5, 2023. The thugs, holding guns, canes and cudgels, unleashed attacks on the PDP gubernatorial aspirant, Otunba Segun Sowunmi and other PDP members present in the court. He writes: (1) I’m an APC supporter but we don’t play politics with the blood of our relations. We have APC, PDP and members of other political parties in our family. (2) Otunba Segun…
There’s an awe of a legend, and this awe is fed or fuelled by the happenings in the life of that legend. When Obafemi Awolowo said certain things during his lifetime, subsequent events could only be explained and substantiated, at times, by the metaphysical analysis of those events. Take, for instance, when the late sage was being taken to prison, he told the Abubakar Tafawa Balewa-led government that he was going “from this twilight into the darkness, with a brave heart, with confident hope, and … unshaken in” his “trust in the Providence of God that a glorious dawn will…
Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track and give feedback on public projects in their communities, has discovered that a total of N81.7 billion was allocated to the construction of solar street lights in the 2023 FG Capital and Constituency projects. This is higher than the total allocation to schools and primary health centres, which gulp N77.9 billion and N3.1 billion, respectively, in the budget. In 2022, a UNESCO report tagged Nigeria’s out-of-school children figures at 20 million, a staggering 52% increase from the 10.5 million reported by UNICEF in 2020. Nigeria’s child mortality rate…
President Bola Ahmed Tinubu has just been sworn in today as Nigeria’s new president. In his inaugural speech, President Tinubu highlighted his areas of focus and hit the ground running specifically mandating the following key economic policies of the new government: Fuel Subsidy is gone. Commodity Boards to be reintroduced. Multiple exchange rates are to be unified and mandated Central Bank of Nigeria (CBN) to achieve a Unified Exchange Rate immediately. There will be house cleaning at CBN. Interest rates are too high and anti-business, and to be reduced. Focus on Infrastructure Development to create jobs. Electricity Generation, Transmission and Distribution…
The Buhari Years: What We Ordered vs What We Got – BudgIT reflects on the Buhari Administration and its achievements, shortcomings, and regressive steps. This article focuses on the economic legacy of President Buhari. The outgoing administration of President Muhammadu Buhari will be assessed semi-chronologically, tracing the high and low points of his dual term under the following subheadings: The Economy of the Goodluck Jonathan-Muhammadu Buhari Transition and Beyond Brent oil prices tanked from their heights of $111 per barrel in May 2014 to $54 per barrel per day by late 2014. The currency, heavily defended with copious reserves in…
I am not a fan of Olusegun Obasanjo (OBJ) and will never be his fan, but Obasanjo has a special grace reserved for men of destiny. It was Gen Hassan Katsina who first discovered this uncommon grace in Obasanjo. In her book titled “Bitter Sweet”. Obasanjo’s first wife and the mother of Iyabo, Mrs Oluremi Obasanjo, wrote that she was with Obasanjo at the Airport in Kaduna in the 60s when Gen Katsina prophetically whispered to her that she should take good care of Obasanjo because God has set him aside to play prominent roles in the life of Nigeria.…
There is an unravelling mystery about the Nigerian press. The custodian of this value is clearly misunderstood and misused in opportunities. But it is for the present crop of journalists to reinvent themselves into relevance; otherwise, the Nigerian press will remain a caricature of itself and the ideas of its founding fathers. Nonetheless, the patriots were also guilty. When it’s time to go back to that story, we will! Thank God the 2022 Osun governorship election has come and gone! A victor has finally emerged and the losers have ‘moved on’. However, the victorious Governor Ademola Adeleke and the Peoples’…
Forces that have kept Nigeria in chains are stronger than the Prince of Persia that withheld Daniel’s answers for 21 days. Tell me how else to describe the frustration faced by candidates who seek redress in court after INEC had declared winners in an election fraught with bare-faced irregularities and deliberate manipulations? The style now is “Let us win first and let them go to Court.” Yes, it is easier for a camel to go through the eye of a needle than for a candidate to prove electoral fraud at the Election Petition Tribunal. What is the cost of hiring…
A human rights organization, the Centre for Human Rights and Social Justice (CHRSJ) has strongly condemned the way and manner the Nigeria Police Force (NPF) treated the son of legend Afro beat Musician, Fela Anikulapo Kuti, Seun Kuti by putting handcuffed in his hand like common criminal, saying that those political class which they mortgaged our economic future and as well involved in financial crime were treated like kings by Police. Also, he condemned the way and manner the Police treated Seen Kuti as if they have arrested a notorious armed robber or murderer by removing all his belongings. It…
Our Client is a consulting and capacity-building international entity currently seeking to employ Researchers & Knowledge Management Consultants to work on projects relating to different areas of specialization. Candidates MUST be PhD holders (any discipline) who are willing to work remotely from within or outside Nigeria. This is an exciting opportunity for enthusiastic PhD holders to join our dynamic Team and for candidates who are looking forward to advancing their careers. Required Capabilities & Experience: Candidate must have a minimum of 5 years of cognate experience. Must have Project Management skills. Must have experience in Research Development and Analysis. Must…
God’s will has started already in its fulfilment. We had an election. The ruling party candidate got 37 per cent luckily he won with that. When an election is rigged one would know that It was really rigged. Peter Obi won all his tribal States. Bola Tinubu won five out of 7 states that belong to his tribe. He has more than 21 friends as State governors that are working for him. Each of them is more than Peter Obi in capacity. Obi is not ruling any state as of February 25. He did not even have the support of…
On Monday, May 1, 2023, the immediate past governor of Osun State, Alhaji Adegboyega Oyetola inaugurated “an 11-man committee to stimulate, revamp, restructure and reposition the All Progressives Congress (APC), Osun State Chapter”. Nigerians wish the Professor Isaac Adewole-led Committee well in the onerous tasks ahead. That said, there’s a Yoruba adage, which says: ‘Bi omode ba subu, yio wo iwaju, bi agbalagba ba subu, yio wo ehin’ (Upon falling, a youngster looks ahead – for help; but an elder looks back – for the cause. For Osun APC, it can only look back with a view to unravelling what…