Browsing All Posts filed under »Economy«

Feyi Fawehinmi: Industrialisation of Mumurity in Nigeria – The Ajaokuta Example

February 14, 2013 by


Some context will be useful before we get into the meat of the matter. You may have heard, sometime in October or November last year, about the steel giant ArcelorMittal’s decision to close a steel plant in Florange, France. The closure was going to lead to the loss of around 700 jobs. ‘Zut Alors!’ cried […]

NNPC Mega Debt

February 4, 2013 by


The Nigerian National Petroleum Corporation (NNPC) Owes The Federal Government N1.95 Trillion From Oil And Gas Transactions It Supervised Between 2009 And 2011. This Amount Is Almost Half Of The Federal Government’s N4.9 Trillion Budget For 2013

Public Servants Salaries

February 3, 2013 by


Nigeria’s Top 18,000 Public Servants Are Paid N1.26trn (22.9% Of The Federal Budget) In Annual Salaries And Allowances

49 Billion Naira Spent on Women In 4 Years

January 11, 2013 by


  No, Tiger Woods isn’t in the news again. And no, we’re not talking about what I’d do if I suddenly won the lottery. It’s the Government that has blown that amount. The Government! The Minister of State for Foreign Affairs I, Prof. Viola Onwuliri, yesterday disclosed  this in Abuja when she received the Under-Secretary-General and Executive […]

Obasanjo Wants Jonathan to Feed Boko Haram Carrots Then Beat Them With Sticks

January 9, 2013 by


Former President of Nigeria and aspiring GQ model Olusegun Obasanjo has thrown in his two cents as regards stemming the wave of Boko Haram’s mayhem. Speaking to CNN on Tuesday, he asserted that more could be done to stem the tide of Boko Haram killings. He said: “To deal with a group like that, you need […]