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Danger ahead as economy is now on auto pilot

THAT the people perish for  lack of good leadership has been one of the abiding verdicts of history. The Nigerian situation today is proving Horace right. In the last three months, I have found myself in several states, east, north, south and west – Sokoto, Kebbi, Zamfara, Kogi, Abia, Akwa Ibom, Kaduna, Niger, Edo,Imo, Kwara, Oyo, Ogun, and of course, Lagos. There is a common thread linking all of us in this country today, irrespective of the government and the political party in power – a sense of despair about the economy. We needed no Brookings Institute or World Poverty Watch or the British Prime Minister or Bill Gates Foundation to tell us that our dear fatherland has not only become the largest hatchery of people living in abject poverty, the situation is getting worse every minute. We have thousands of economists to do that for us
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You lost your shirt get ready to lose your trousers

INEC fixes dates for Ekiti, Osun governorship elections

A LITTLE more than two months ago, the alarm was sounded on these pages about the imminent crash of the capital market. After rising for a few days following that forecast it has been one long decline occasionally broken by one or two days of gains which were inevitably succeeded by several more days of losses wiping out the gains. On the whole close to 16 per cent has been erased from share prices since that first prediction.
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Buharinomics leading Nigeria into another debt trap

Fresh controversy rocks Cabotage Vessel Fund

The first thing which must shock most Nigerians, though not most people in advanced countries, is the fact that Nigeria lacks a comprehensive and coordinated economic policy. The reason for that is clear. Nobody at the top levels of government is an economist. Buhari is not, neither is Osinbajo — the Chairman of the Economic Management Team. Talk about putting a round peg in a square hole or vice versa and the Vice President of Nigeria should be a perfect example of that syndrome.
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Osinbajo on a needless jamboree

THE report quoted the Vice President’s spokesman, Senior Special Assistant on Media and Publicity, Mr Laolu Akande, as saying that “the roadshow is designed to showcase the continued improvement in Nigeria’s business environment to entrepreneurs, investors in American cities.” If you believe that you will believe anything. The Vice President of Nigeria is embarking on a needless jamboree. The only beneficiaries will be those collecting estacodes to go on that trip. The improvements in Nigeria business environment are purely figments of the VP’s imagination given what global economic and financial experts have to say about economic management under Buhari.
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Who is minding the economy now?

EVER since he was appointed the Executive Director and Chief Executive Officer of the Export Promotion Council, Mr. Awolowo has been singing the same song. When it comes to sounding like a broken record, he is in good company. The Chief Executive Officer of Nigeria Plc, President Buhari never changes his tune anywhere he goes.
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Deepening poverty and increasing unemployment mark Buhari’s third year in office

YOU don’t need me to tell you that the country about which the World Bank made that remark is Nigeria. While Buhari was in the White House being scolded like a retarded school boy by President Trump about his responsibilities to his people, the World Bank was confirming what every Nigerian already knew about the state of the economy.
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The 18 million mouth gap in Nigeria

The 18 million mouth gap in Nigeria

BUHARI’s obsession with becoming President, which was eventually  rewarded with success in 2015 on account of the efforts of people like me has taught me a lesson which I should have learnt earlier. When some one becomes fanatical about acquiring power people should beware. The result is almost always tragic. The test of honesty is money; the test of integrity is power. The Buhari we thought we knew was a fellow with utmost integrity who will neither condone corruption nor indiscipline. The Buhari we have is a President not only comfortable with corruption but one who has raised indiscipline to high rank. Allied to that is a government which apparently is run without regard to who the government is set up to serve.
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Economic development impossible under APC

THIS is the season for second term seekers in Nigerian politics. What Nigerians should be asking each of them is one question: what did you do with the first term? A corollary to that question is: are Nigerians better off today than when you came in? Judged by the irrefutable evidence at our disposal, the ruling party, All Progressives Congress, APC, is a failure.
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