The debt burden of 2017 budget

The 2017 Appropriation Bill has finally lumbered its way out of the National Assembly. The National Assembly padded the bill with N143 billion. Out of the padded N143 billion, the lawmakers appropriated N10 billion to their arm of government. The federal government would spend N7.44 trillion for its services in 2017 if the president eventually appends More...

by Muhammed Adamu | Published 2 days ago
By Muhammed Adamu On Tuesday, May 16th, 2017
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GenCos and DisCos: Time to wield the stick

Two weeks ago, the minister of power, works and housing, Mr. Babatunde Fashola held the monthly ministerial meeting with operators of the power sector in Jos, Plateau State. Developments at the meeting paint a frightening More...

By Muhammed Adamu On Tuesday, May 9th, 2017
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NNPC’s 2019 deadline for ending fuel imports

The Nigerian National Petroleum Corporation (NNPC) is very sure of beating its 2019 deadline for ending the importation of petrol. It drums the message into the ears of whoever cares to listen. At the sidelines More...

By Muhammed Adamu On Tuesday, May 2nd, 2017
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Naira exchange rate: CBN’s one-handed war

The Central Bank of Nigeria (CBN) is doing a fierce, but one-handed battle to stabilize the naira.  Since February, the CBN has pumped well over $2 billion into the market to halt the naira’s journey down the More...

By Muhammed Adamu On Tuesday, April 25th, 2017
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Power supply: Facts behind APGC’s figures

The guns in the Niger Delta have been silent in the last four months.  The militants who took up arms to protest Nigeria’s skewed income distribution system that has impoverished the region that accounts for More...

By Muhammed Adamu On Tuesday, April 18th, 2017
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Whistle-blowers: Treasury looters dilemma

“If the amount of money stolen from Nigeria in the last 30 years was stolen from the UK, the UK would cease to exist”.  Those were the words of David Cameron, the immediate past prime minister of Britain.  More...

By Muhammed Adamu On Tuesday, April 4th, 2017
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Ali’s starchiness and Jemibewon’s bizarre analogy

David Jemibewon recently portrayed a rather puerile sense of analogy by implicitly comparing his former position as minister of police affairs to that of the comptroller- general of customs and concluding that he More...

By Muhammed Adamu On Tuesday, March 21st, 2017
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Magu before the Sanhedrin

The federal government has handed Ibrahim Magu over for trial by the men and women he is either investigating or prosecuting.  Some of the senators drilling the acting chairman of the Economic and Financial Crimes More...

By Muhammed Adamu On Tuesday, March 14th, 2017
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Foreign Affairs: Between Onyeama and Dabiri-Erewa

American immigration and customs officials are on unbridled ego trip.  President Donald Trump’s executive order on immigration has handed them a blank cheque to intimidate and humiliate foreign visitors. Two More...

By Muhammed Adamu On Tuesday, March 7th, 2017
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Naira’s laborious climb

The naira climbed laboriously in the parallel market last week.   By the beginning of the week, the currency of Africa’s largest economy had appreciated almost by 15 per cent in one week.  It climbed to a record More...