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 …
Tag Archive: nigerians
South African Xenophobic Attacks on Nigerians
Certain actions defy common sense and logic. Why are South Africans attacking Nigerians and other Africans residing in their country? Killings and lootings of Nigerian and other African stores have been going on for a long time in South Africa. Nigerian government have been conveying their displeasure to South African authorities diplomatically, but South African …
Darkness Have Descended on the Land
The unthinkable happened in Nigeria today. Daar Communication, the parent company of African Independent Television (AIT) and Ray Power FM radio license was today cancelled by Nigerian Broadcasting Corporation (NBC) under the control of the executive branch,headed by president Buhari. There is no way that the chairman of Nigerian Broadcasting Corporation can shut down AIT …
Non-confirmation of Ibrahim Magu as EFCC Chairman
The charade that took place at the Nigerian senate few days ago, regarding Ibrahim Magu confirmation as Chairman of Economic and Financial Crime Commission (EFCC) is another indication of how low the National Assembly has sunk. It has been clear for couple of months now that the senate has no intention of confirming Ibrahim Magu …
$5.2 Billion MTN Fine: Penny Wise, Pound Foolish
It is unfortunate that successive Nigerian administrations sometimes adopts contradictory policies that works against what they said they want. President Buhari has been jetting around the world since his inauguration to improve Nigerian image, conduct diplomacy and attract much needed foreign investment to Nigeria. The National Bureau of Statistics (NBS) disclosed recently that the nation’s …