The recent response from the Northern Governors Forum, led by Gombe State Governor Mohammed Yahaya, opposing a proposed derivation-based Value Added Tax (VAT) sharing formula is not only laughable but reveals their unwillingness to engage in meaningful economic discourse. According to the proposed policy, states hosting more multinational companies would receive a larger share of … Read more
The recent attacks on power infrastructure in Nigeria’s North East and North West, affecting 13 states, underscore that Boko Haram insurgents—or whatever they call themselves—still have the capacity to severely impact Nigeria’s economy. They must be crushed without any hesitation. The rhetoric of “they have been decimated” must end. Reports indicate that insurgents vandalized the … Read more
The landmark ruling by the Supreme Court on Thursday, July 11, 2024, which put an end to the state governors’ impunity regarding Local Government financial autonomy, stands out as the most significant judgment in the ongoing legal disputes between the Federal Government and the state administrations since Nigeria’s return to democracy. The judgment has automatically … Read more
The call from Joe Ajaero, the President of the Nigerian Labour Congress (NLC), for the government to review workers’ monthly wages is something a responsive government should consider, even without being prompted by the threat of strike actions, particularly given the over 100% year-on-year inflation rate in the country. However, for the president of the … Read more
President Bola Tinubu’s directive for the Nigeria National Petroleum Company Limited (NNPC) to submit receipts of crude oil sales to the Central Bank of Nigeria (CBN) is not only bold but also signals the end of the era where the oil company served as its own auditor. The opacity of the NNPC has long posed … Read more
The recent promise by the Governor of the Central Bank of Nigeria (CBN) Yemi Cardoso to introduce anti-inflation policies sounds like the “usual political talk”, it lacks the sufficient economic substance that is needed to fight Nigeria’s 27-year debilitating 28.9 percent inflation, which is largely driven by food. Nigerians have grown weary of such rhetoric. Speaking … Read more
Amnesty International’s appeal to President Bola Tinubu to address the rising kidnapping cases in Nigeria as an emergency resonates with our call to eradicate this menace, which has extended from the Northwest to the Northcentral and from the Southeast to the Southwest. It is time for state governors to swiftly enact and enforce death sentences … Read more
The recent 60 million naira crowdfunding on Twitter for kidnappers, aimed at securing the release of Alhaji Mansoor Al-Kadriyar’s six children, casts a shadow on President Bola Tinubu’s Foreign Direct Investment drive. Despite his previous assurance at an international event that all business bottlenecks had been removed, this incident demands swift action from him as … Read more