Anti-corruption war and honesty of purpose

Governance is about building public trust and goodwill between the leadership and the people. It is about telling the truth and being clear on the vision and mission of governance so as to enable the people to buy into the vision. Collectively, the leadership and the people achieve national goals and set standards. It is also about leadership by example and demonstrating unwavering commitment to legal and policy standards. Effective leadership is also concerned with the rule of law and its due (more…)

Local Content, Jobs And Economic Development

Recently, it was widely reported that the Federal Government had hired a Malaysian firm to review the Economic Recovery and Growth Plan. The firm is to, inter alia, set up focused labs in agriculture, transport, power, gas, manufacturing and processing. The Minister for Budget and National Planning, Udo Udo-Udoma, stated that the firm would “help us and bring their international connections, reach and give it credibility. It is for $500,000 per lab”. This intervention, coming at a time of a (more…)

Debts, Deficits And The 2018 Budget: The Big Picture

On November 7, President Muhammadu Buhari, in accordance with Section 81 of the Constitution of the Federal Republic of Nigeria 1999, as amended, presented the 2018 federal Appropriation Bill to the National Assembly. The budget expenditure is in the sum of N8.612tn which is a 16 per cent increase over the 2017 figure; retained revenue of N6.607tn being 30 per cent above the 2017 estimates and a deficit of N2.005tn. The key assumptions are the benchmark price of $45 per barrel of crude oil; (more…)