The Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, is going to take some flak from federal legislators over his statement that the national assembly consumes 25 percent of federal spending.
“We need power, we need infrastructure, so we need to start looking at the structure of expenditure and make it more consistent with the development initiative of the country”, he stated. “It not good enough that a quarter of the federal spending was being consumed by the National Assembly instead of using it to bring real development to the country”
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Looking through the pictures below, I wonder what governance (the activity of governing) is if indicators such as simple and vital infrastructure like motorable roads are not available. Continue reading…
Cecilia Ibru’s story does not add up; there’s more to it than greed, I’m convinced. There‘s a pathological underpinning to her story? As the only female top bank executive in her time, Cecilia was an epitome of success, power and pride to all. In 2009, under her leadership, Oceanic Bank won the 2007 Nigerian Bank of the Year Award. You just don’t flush that down the toilet. But that is what Cecilia did. Continue reading…
We are back on the road to a national ID card project, once again. Back in 2003, former president Obasanjo, whose administration initiated the idea, said “the scheme [ID card project] will help government planning and to fight fraud and corruption”. The statement couldn’t have had more ironic implications…the project has proved to be nothing but a cesspool of scam, scandal and sleaze! Continue reading…
I can’t readily think of instances of collaborative actions between the Nigerian government and the citizens and organizations in the private and nonprofit sectors working together as partners to accelerate innovative, results-oriented, and sustainable solutions to our nation’s social problems. One thing that is not very common—and really needed—in Nigeria is this public-private collaboration. Continue reading…
Some 26billon Naira has been stolen from Ondo State account at Intercontinental bank according to reports from at least two media outlets, SharpedgedNews.com and Huhuonline.com. [Update, 7/25: here are screen shots of the articles on Huhuonline and SharpEdgeNews, click to view.]
What do I care?
I do care as a indigene of the state. I care because this is a serious allegation that needs to be proved convincingly by the instigators. However, there are no indications that the report is accurate. Continue reading…
I once read somewhere that “development is the gradual emergence of a problem-solving system”.
Nigeria is fraught with problems, the tooth-achy type that seem to last for ever. Power failure, crumbling infrastructure, failing institutions, etc.
Half a century down the road, can one say Nigeria has developed over the year?
Has any problem-solving system emerged since 1960 when the Brits passed on the baton? Food for thought!