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An impending demographic disaster, by Jerry Uwah

April 17, 2018 Editorial IV 0

Nigeria’s population time-bomb is ticking away leisurely with the rulers of the land showing little or no concern. However, the whole world is worried about the brewing demographic disaster and the warnings are really tumbling in. The closest the federal government has come to acknowledging the impending disaster is a recent passive remark by Vice-President Yemi Osinbajo. Last week, the Read More

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Kachikwu’s fuel subsidy figures, by Jerry Uwah

April 10, 2018 Editorial IV 0

A tenuous calm in the nation’s petrol supply chain in the last three weeks has momentarily punctuated the long, winding queues at retail outlets. Motorists could once again drive into fuel retail outlet, top up and head out within 10 minutes. The supply situation is so buoyant that some retail outlets now sell as low as N143 per litre even Read More

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Why we’re always at loggerheads withexecutive – Saraki

April 10, 2018 Blueprint 0

President of the Senate, Bukola Saraki, has disclosed reasons behind the frequent frictions between the executive and the National Assembly, particularly on yearly budget presentation and consideration. Speaking in Jos, the capital of Plateau state on Saturday at a one-day retreat of the Senate Press Corps, Saraki said lack of constructive engagement and institutional collaboration between the two arms of Read More

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Bad news from NIBSS, BY Jerry Uwah

April 3, 2018 Editorial IV 0

Recent data from Nigeria Inter-Bank Settlement System (NIBSS) website should give the generals in the financial inclusion war room of the Central Bank of Nigeria (CBN) some sleepless nights. The good news from NIBSS is that the number of accountholders captured in the Bank Verification Number (BVN) platform has climbed from 26 million in 2016 to a record 41.3 million Read More

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Bill Gates’ grisly warning,  by Jerry Uwah

March 27, 2018 Blueprint 0

Bill Gates painted a grim picture of Nigeria’s healthcare and education sectors last week. The world’s richest man and co-founder of the Bill/ Melinda Gates Foundation listed Nigeria as one of the most dangerous places in the world to give birth, adding that one in every three children in Nigeria is chronically malnourished. He noted that Nigeria has the world’s Read More

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Petrol consumption: NNPC’s alarming figures, by Jerry Uwah

March 13, 2018 Editorial IV 0

Nigeria is in deep trouble. The federal government is worried, but no one knows the way out. The sad news is that Nigeria spent $5.8 billion on petrol imports in just two months. At the current official exchange rate of N305 to the dollar, the Nigerian National Petroleum Corporation (NNPC) has spent N1.7 trillion on petrol imports in just two Read More

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Richer Nigeria, poorer Nigerians, by Jerry Uwah

March 6, 2018 Editorial IV 0

The managers of Nigeria’s economy had a mixed grill last week. The National Bureau of Statistics (NBS) released a report showing foreign investment growing by a record 138 per cent from $5.3 billion in 2016 to $12.2 billion in 2017. Jubilation over the landmark improvement in foreign exchange inflow was just gathering steam when the International Monetary Fund (IMF) punctuated Read More

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Anti-graft war: Transparency International Vs Presidency, by Jerry Uwah

February 27, 2018 Editorial IV 0

Transparency International (TI) is a thorn in the flesh of Nigeria’s rulers. In the last few years, the global anti- corruption watchdog has shown Nigeria gyrating from one of the world’s most corrupt countries to relatively modest position of 136 among 180 nations in its corruption perception index in 2016. In 2017, Nigeria’s score dropped by one percentage point thus Read More

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Tackling fuel scarcity with forex subsidy, by Jerry Uwah

February 20, 2018 Blueprint 0

Fuel queues have persistently defied the federal government’s orders to the Nigerian National Petroleum Corporation (NNPC). In the last two weeks, the embarrassing queues have returned to Abuja and the neigbouring states at a spate that triggers resentment from intrinsically docile consumers. Last week, Ibe Kachikwu was so embarrassed by the intractable queues that he ordered NNPC to slap together Read More

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Startling statistics of Nigeria’s healthcare system, By Jerry Uwah

February 13, 2018 Editorial IV 0

Nigeria has an appalling health care delivery system. Consequently, Africa’s largest economy parades the second highest maternal mortality rate in the continent. With 814 deaths per 100, 000 live births in 2015, Nigeria was second only to Chad in high maternal mortality rate. The child mortality rate is equally horrendous. World Health Organisation (WHO) statistics suggest that 10 per cent Read More

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Court orders final forfeiture of £578,080 to FG

February 6, 2018 Editorial IV 0

By Jerry Uwah Lagos A Federal High Court in Lagos has ordered the final forfeiture of the sums of £578,080.00 to the federal government of Nigeria. The forfeited sum was discovered by the Economic and Financial Crimes Commission (EFCC) in the account of a maritime firm, ZAL Marine Limited domiciled in Diamond Bank. EFCC told Justice Saliu Saidu that a Read More

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Final journey for Justice Ajose-Adeogun begins today

January 3, 2018 Editorial IV 0

By Jerry Uwah Lagos Funeral arrangements for late Justice of the Court of Appeal, Lagos, Justice Olatunji Ajose-Adeogun begins today in Lagos. The legal icon died on December 13, 2017 at the age of 93 after an age-related illness. He was the Baba Oba Agba Ilu of Lagos state and Vice Chairman of Eminent Lagos Persons Group headed by Senator Read More

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Counting the cost of fake third party insurance policy By Jerry Uwah

December 19, 2017 Blueprint 0

The insurance industry is a money spinner in developed economies. It is so influential that it touches the lives of just about everyone. In Britain, 19.6 million of the country’s 26.4 million households had motor vehicle insurance policies in 2014. Consequently, insurance companies in Britain are so powerful that they own banks. The industry raked in 160.4 billion pounds (N670 Read More

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66% prison inmates awaiting trial – NPS

December 18, 2017 Editorial IV 0

By Jerry Uwah Lagos The Nigerian Prison Service (NPS) has confirmed that 66 per cent of inmates in Nigerian prisons were awaiting trial as at December 15. The Controller General of the Service, Jaafaru Ahmed, made the disclosure at the quarterly meeting of the Penal Reform Media Network (PERMNET) in Lagos. Represented by the spokesperson of NPS, Francis Enobore, the Read More

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Financial inclusion: Emefiele’s ambitious 2020 target, By Jerry Uwah

December 12, 2017 Blueprint 0

Godwin Emefiele is an incurable optimist.  The governor of Central Bank of Nigeria (CBN) has set for Nigeria’s banking system a rather ambitious target on the thorny issue of financial inclusion.  Emefiele wants 80 per cent of Nigerian adults to own bank accounts by 2020.  The CBN governor argued that only 50 per cent of Nigerian adults are currently in Read More

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PENCOM and the lawless employers, By Jerry Uwah

December 5, 2017 Blueprint 0

Nigeria’s pension scheme is in deep crisis and no one knows how to rescue it. The Pension Commission (PENCOM) sees the N7.5 trillion in the pension account as a huge achievement. PENCOM is busy flaunting the figures and has forgotten about the fate of more than 38 million workers outside the pension net. One source argued last week that only Read More

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GSM: A Challenge to the banking sector By Jerry Uwah

November 28, 2017 Editorial IV 0

  Nigeria’s GSM service providers have thrown a challenge to the banking industry. Since the service providers rolled out mobile phone lines in 2001, no sector of the economy has grown as fast as the telecoms industry. Before 2001, the Nigeria Telecommunications Limited (NITEL) dominated the scene practically as state monopoly. After decades of dominating the scene as operator and Read More

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Nigeria: Financial literacy still low–Jerry Uwah

November 25, 2017 Blueprint 0

  The Editor South, Blueprint newspapers, Mr. Jerry Uwah has described as criminally low the level of financial literacy in the pension scheme sector. Mr. Uwah, in his presentation at the 2017 Nigeria Deposit Insurance Corporation workshop for finance correspondents and business editors in Kano, said that Nigerian consumers find it difficult to seek redress due to the cumbersome nature Read More

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2018 Appropriation Bill: The missing items, By Jerry Uwah

November 21, 2017 Editorial IV 0

The 2018 Appropriation Bill now in the National Assembly raises more curiosity from the crucial issues not addressed in the budget proposal than those treated extensively. The budget is strangely silent on the thorny issue of fuel subsidy. The federal government slipped fuel subsidy through the backdoor in the last quarter of 2016 when crude oil price appreciated and pushed Read More

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Nigeria’s dangerous population time-bomb, By Jerry Uwah

November 7, 2017 Editorial IV 0

Donald Duke, a former governor of Cross River State kicked up the storm last week in his speech at the launch of the sub-national index report by the National Competitiveness Council of Nigeria. Duke, who arguably is the best governor of Cross River State since the return of civil rule in 1999, said that the lack-lustre economic performance of governors Read More

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Planning for days without oil revenue, — By Jerry Uwah

October 10, 2017 Blueprint 0

Technology is spinning the world out of dependence on commodities at a terrifi c speed. Th e government of France announced early this year that by 2040, it would phase out vehicles powered by petrol or diesel. Th e year 2040 is a scant 22 years away and recent developments suggest that it might not take that long to phase Read More

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Nigeria @ 57: A glimmer of hope? Jerry Uwah

October 3, 2017 Blueprint 0

After 57 years of motion without movement, the rulers of Nigeria might have fi nally realized the futility of running a one-handed economy. Th e last recession triggered by an odd combination of tumbling oil price and elusive production target plunged the exchange rate of the naira to an all-time low of N520 to the dollar in February 2017 and Read More

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As Nigeria’s population time bomb ticks

July 18, 2017 Blueprint 0

By jerry Uwah Th is year’s World Population Day threw up sad reminders about the population time bomb ticking away leisurely in Nigeria. At the current annual population growth rate of 3.2 per cent, Nigeria would have more than 220 million mouths to feed by the year 2030. By 2050, Nigeria’s population will be larger than that of the United Read More