What happened to Mr. Omoleye Sowore in Nigeria is very unfortunate. His crime is that he called for RevolutionNow protest. The federal government of Nigeria decided to arrest him for calling for RevolutionNow protest and charged him for treason and money laundering. He was arrested, charged to court where he spent more than 45 days …
Tag Archive: nigeria
Federal & State Governments Incessant Debt Accumulation.
Nigeria is on a forward match to debt trap. Incessant urge by the federal and state governments to borrow is alarming. As of June 30, 2019, Nigeria debt stood at 25.70 Trillion Naira ($83.88 billion) according to the Debt Management Office of Nigeria. External portion of the debt stands at $27.16 billion while domestic portion …
Bad Economic Policy that Could Devastate Nigerian Businesses and Investment
Nigerian government established Asset Management Corporation of Nigeria (AMCON) on July 19, 2010 to provide opportunity for banks to sell off non-performing loans, complement re-capitalization of insolvent Nigerian commercial banks, propel lending ideology in Banks, enable banks to free up valuable resources and enable banks to focus on their core activities. AMCON went hard into …
Nigeria Should Go Slow on ACFTA
President Buhari’s go-slow approach on African Continental Free Trade Area (ACFTA) appears to be the right approach. President Buhari have so far refused to sign ACFTA and instead inaugurated a committee to access the impact of Nigerian membership in the free trade pact. More study and discussion of the Free trade agreement is very important …
Upcoming 2019 Nigerian Presidential Election
The stage is now set for 2019 Presidential election between the ruling party, All Progressive Congress (APC) and the main opposition party, Peoples Democratic Party (PDP). PDP presidential primary which concluded on Sunday, October 07, 2018 was the best I have seen since Nigeria went back to civilian government in 1999. It is unprecedented in …