By Abdullahi Danbaba It seems the sense of reasoning of the Senator representing Bauchi Central Senatorial District, Isa Misau, is fast deteriorating, hence, needs the help of  psychiatric doctors to examine it. This is sequel to the way Senator Misau is behaving in a rather strange manner in recent times. Senator Misau, many believe is having a mental issue because, it is only an insane person that can talk recklessly and raise series of unsubstantiated allegations without thinking of the implication of his actions. Few months ago, Senator Misau raised weighty allegations against the Nigeria Police Force, the Inspector General of Police (IGP), Ibrahim Idris, and the Police Service Commissioner alleging that they are corrupt. He accused the police of collecting billions of naira from the multinational companies and that the IGP collects millions of naira from senior police officers before posting them. He was called upon to provide evidence for the allegations, up...

Elumelu In Africapitalism

BY Magnus Onyibe  Few Africans have talked about pan Africanism and made it happen. And one of such people is Tony Elumelu, the self-appointed champion of AFRICAPITALISM -Afrocentric entrepreneurship aimed at stimulating economic growth towards the  elimination of poverty in the continent of Africa. The banker turned entrepreneur through his HEIRS holding-a diversified conglomerate, has in the past three years been leveraging on his philanthropic platform, Tony Elumelu Foundation, TEF to turn the whole African landscape of 54 countries into a sort of investment tapestry, just like a visual artist paints his vision on canvas. His commitment to spend a jaw-dropping sum of $100m in the next 10 years empowering budding entrepreneurs is so strikingly remarkable that skeptics would have thought that it was a mere gimmick. But as it has turned out, Elumelu is not a politician that may be given to hoaxes. Being a businessman who is fighting a cause, as the...
BY Onyibe , development strategist On December 12, 2015 in Kaduna State, North Central Nigeria, the military allegedly mowed down some Shiite Muslims who allegedly tried to obstruct their path. Till date, their leader, Ibrahim El Zarzaky and his wife are still in detention, although authorities like to sugar-coat it as protective custody. It is common knowledge that Bornu and Yobe states were practically turned into killing fields by terrorists and citizens have remained exposed to being raped, kidnapped and sold into slavery or killed for nearly 10 years. In fact, the National Bureau of Statistics , NBS and Central Bank of Nigeria, CBN attribute the current high cost of food partly to displacement of farmers in the north east due to acts of terrorism which has been preventing them from tiling the soil for food. A quick trend analysis reveals that under the regime of other democratically elected presidents like Umaru Yar’Adua...
BY Magnus Onyibe Being a farmer himself, it was easy for President Muhamadu Buhari to spot the fact that the Central Bank of Nigeria, CBN Anchor Borrowers Program has been making waves by having massive impact on the farming sector across the country and by extension helping in lifting up Nigeria’s economy which due to the sharp drop in crude oil price had tanked since the inception of the current administration. President Buhari who used the opportunity of October 1st Independence Day anniversary broadcast to Nigerians to sort of present the mid-term report of his stewardship in the past two years , also held aloft the recently launched  CBN National Collateral Registry program also known as Collaterals Bank aimed at making credit more accessible to the small scale enterprises, SMEs as another milestone achievement under his watch. Through the new scheme, owners of SMEs and a critical mass of micro entrepreneurs...
By Dele Ogunrinde n the first part of this article, the author assessed the performance of theMuhammaduBuhari administration on its tackling of corruption and maintenance of national security. He was also forthcoming with suggestions as to what needs to be done to win the battles on these two fronts. In this second and final instalment, he focuses on the delivery of infrastructure and the management of the economy over the past two years in the context of dwindling revenues from petroleum oil resources and frayed tribal/ethnic nerves. On the political terrain, posits that restructuring of the political landscape is a challenge that the Buhari administration cannot run away from.  Economy Beyond recovery of illicitly acquired funds, not much can be said to have been achieved in the improvement of the economy. Some have been willing to concede that the economy had been battered to a most serious state before the advent of...
By Magnus Onyibe - There is a buzz about the internal strife that has recently been hunting Aso Rock villa like a ghost. It is based on the belief that there are numerous pockets of power in the presidency, which like a constellation of stars revolving around the moon seeking to overshadow one another, have in the process created chaos, serious enough to trigger the leadership cataclysm currently besetting Nigeria. By tugging at each other’s throats, the different power blocks in the presidency are believed to be working at cross purposes and for selfish interests which does not augur well for effective governance. The recent incidents of the security agencies that have direct reporting lines to president Muhamadu Buhari being at daggers drawn, affirms that there is trouble in Nigerian seat of power. Take for instance, the fact that the Directorate of State Services, DSS, Economic and Financial Crimes Commission, EFCC,National Intelligence Agency, NIA, are...
BY Godwin Emefiele When I spoke at last year’s dinner, the general aura in the hall was fretful, uncertain and anxious given the precar ious position of the macro economy at that time and the recession that beleaguered the Nigeria in 2016. Key macroeconomic and financial metrics for October 2016 which were available as at last year’s event were worrisome. At that time, GDP had, for the third consecutive quarter, contracted by 2.3 percent with further contractions expected in the fourth quarter. Inflation rate had doubled to 18.3 percent in October 2016 from 9.6 percent in January 2016. Persistent depletion of FX reserves seemed irreversible with a balance of US$23.6 billion at end-October 2016 while downward exchange rate pressures intensified. Plummeting stock market indicators, sustained net capital outflows and poor doing business indicators all characterized our economy when I gave my speech last year. At that time, as many of you...

No, Nigeria Police Is Not The Last

Bala Ibrahim - The International Police Science Association (IPSA) and the Institute for Economics and Peace recently jointly released what they called the World Internal Security and Police Index International (WISPI) report, proclaiming Nigeria as having the ‘worst police force in the world’ in their rating for the year 2016. The report said the Nigeria Police Force (NPF) has the least capacity to “handle internal security challenges among the 127 countries that were sampled. It is important to note that the report was compiled by experts, researchers and scholars who were pre-occupied with security efforts from all over the world. This is important because, the resultant report from their efforts could be understood more appropriately only by those who have equal or near equal capacity to apply logic, rationality and basic education to interpret it, not those who will only fixate on the last pronouncement without giving cognizance to the premises. The...