Showing posts with label Central Bank of Nigeria. Show all posts
Showing posts with label Central Bank of Nigeria. Show all posts

Monday, September 19, 2022

The President And The Silent Trumpets

 By Dan Agbese

The late premier of the Northern Region, Sir Ahmadu Bello, Sardauna Sokoto, was once quoted to have said that it was his duty to blow his own trumpet because other people were busy blowing theirs and would not bother to blow his own for him. There appears to be some unquestionable wisdom in that. President Muhammadu Buhari appears to have missed it. He has relied on his appointees to blow his trumpet, but they have failed him.

*Buhari 

On his working visit to Imo State this week, the president opened up on his frustration with the men and women in his administration for failing to trumpet his achievements in the past seven years as president. He has done titanic things worthy of being loudly trumpeted within and beyond our shores. Still, the trumpet is silent. He has waited this long and these many years for the president’s men and women to loudly blow his trumpet. All he keeps hearing is the rich sound of silence. He said: “Those who should be speaking about my government are not doing so.”

That is criminal. Why will the trumpeters padlock their lips as if they were mere observers in the administration whose achievements rub off on its appointees? One could offer one of two possible reasons for this. It is either that (a) his appointees are busy blowing their own trumpets they forget that blowing their principal’s trumpet is a duty incumbent on them or (b) they see nothing worth trumpeting in the sterling performances of the administration. If the president knows what he has achieved and his aides do not, there is a serious problem, I tell you.

Friday, September 2, 2022

Nigeria’s Dysfunctional Banks

 By Sonnie Ekwowusi

On a Thursday I went to one of the branches of a Bank to carry out a transaction on one of the accounts of our law firm. This particular account was opened about 17 years. And since the opening of the account, our law firm has been successfully operating without any hitches or hiccups. 

But this day after presenting my cheque at the counter, I was informed that “Sir, this account needs reactivation.” “Why the reactivation?” I queried. “Because it has been rendered dormant. It is no longer active,” the lady responded. What will I do to reactivate it? She pulled out a sheet of paper containing some bank requirements and said: “Sir, these are the requirements for reopening the account. 

Tuesday, August 9, 2022

Dark Clouds Over The Nigerian Economy

 By Dakuku Peterside

Rome is burning, and Emperor Nero and Roman elites are busy revelling in gladiator rendezvous and despicable hocus-pocus with the empire’s future. The leadership in Nigeria is playing Nero, and the Nigerian elites are side-tracked by the macabre dance of preparing for the next elections.

Whilst neglecting the harsh truth that millions of Nigerians’ backs are broken by the harsh tripartite economic realities – hyperinflation, especially food; massive unemployment; and energy crisis occasioned by the Russian–Ukrainian war in a post-COVID 19 economy. The political class seems indifferent to the crumbling economy and collapsing living standards of Nigerians.

These days the average Nigerian may be an economic illiterate or may not be interested in economic indicators, but almost all Nigerians know by impact and experience that the economy’s health is in shambles. You do not need to be an economist to know that a loaf of bread you bought for N500 in June sold for N700 by the end of July or that cost of 10kg of cooking gas almost doubled in a space of four months from March to July 2022.

Monday, February 28, 2022

Nigeria: Emerging Ray Of Hope In Igboland

 By Jude Asike

One possible approach to look at the incoming government of Chukwuma Soludo in Anambra State is to look at it as an account of the change of many things in Igboland, Nigeria. This is invariably to say that with the emergence of Soludo as the next Governor of Anambra State on March 17, 2022, things will positively change for the better in Igboland.

*Soludo

The failure of leadership, lack of genuine goal and vision for Igbo persons in Nigeria will be corrected through a proper understanding of good governance and development initiatives in Anambra State. Anambra is always gifted in producing great leaders of thought, and Soludo is here to move the people of Anambra to the next level.

Thursday, October 30, 2014

Buhari And APC’s N27.5 Million Nomination Forms

Exactly two weeks ago (Thursday, October 16, 2014), the All Progressives Congress (APC) startled decent Nigerians when its national chairman, Mr. John Odigie-Oyegun, announced that the party put the cost of its expression of interest and nomination forms at the cost of N27.5 million in order “to separate the men from the boys.” Another way of saying this is: ‘to separate the wheat from the chaff!’
















*Buhari
This statement which almost immediately reverberated across the nation through various blogs and television screens was widely reported in the papers the next day, Friday, October 17. As I write now (about 48 hours after it echoed in Abuja ), neither the APC nor its national chairman has even attempted to “clarify” the very unwholesome assertion or withdraw it in its entirety. This can only mean, therefore, that the party solidly stands by such an outrageous and unsettling statement by its topmost officer. What a sad, tragic development.

Now, to describe a grown man as a “boy” is to dismissively imply that he is immature, inexperienced, inadequate or, worse, irresponsible. And so, going by the statement of the APC chairman, the ability to roll out millions of naira is what qualifies somebody to be a “man” in the party. In other words, even if you are generously endowed with superlative moral, intellectual and managerial   abilities, as long as you are not a multi-millionaire or have multi-millionaire friends who can throw the millions on your behalf, you are in the “progressive” thinking of the APC a mere “boy” – immature and irresponsible, and, therefore, not qualified to contest a responsible position on the platform of the party! 

For a party that has unduly strained itself to persuade Nigerians that it represents a healthy alternative to the Peoples Democratic Party (PDP), this is indeed a most devastating disclosure and horrendous disappointment! What this, once again, demonstrates very clearly is that whereas the APC has deployed enormous efforts to tell Nigerians how bad the PDP is, it has been most unsuccessful in its attempt to allay growing fears (and conceal the stubbornly reoccurring indications) that it is, perhaps, even worse than the PDP.