23 Jun

The week ahead – There is a need to get tougher, but also to be sensible about it

The Department of State Services has warned groups including northern youths and the Niger Delta militants against hate speeches. The DSS, which stated this in a statement signed by its spokesperson, Mr. Tony Opuiyo, in Abuja on Sunday, said it had observed how some Nigerians had been preaching hate in the last few weeks. The DSS spokesperson described the trend as disturbing and warned those he called desperate and mischievous elements, to stop in their attempt to................   read more

16 Jun

The week ahead – One hurdle has been crossed, now for the steeple

Acting President Yemi Osinbajo has signed the 2017 budget into law. The budget was due to be signed a fortnight ago, but the signing was put off for undisclosed reasons. President Buhari had presented a budget proposal of ₦7.298 trillion to the National Assembly on December 14, but the senate which passed it on May 11 jerked it up by ₦143 billion. The budget has a projected revenue of ₦5.08 trillion with a deficit of ₦2.36 trillion. A total of ₦2.98 trillion................   read more

09 Jun

The week ahead – It’s a race against time

At least ten persons have been confirmed dead and as much as 40 injured as Boko Haram suicide bombers staged multiple attacks targeting mosques where worshippers were praying on Wednesday night, witnesses said. The attack occurred while soldiers were battling to repel another Boko Haram insurgent formation trying to enter the city via its southern flank. According to Premium Times, the attack was in the Jiddari Polo district of the city, with the army saying it repelled................   read more

02 Jun

The week ahead – We need relationship counselling

The presidency and lawmakers are still in talks over the 2017 budget nearly three weeks after the spending plans were passed by the Senate. Both chambers of parliament agreed to a bigger budget than the ₦7.298 trillion draft spending plan submitted by President Muhammadu Buhari in December. “There are ongoing consultations between the executive and the legislature over the budget. Consultations have not been concluded,” said Ita Enang, senior special assistant................   read more

26 May

Two years in, how has the Buhari government fared?

On May 29, 2017, the Buhari administration will have spent two years in charge of Nigeria, reaching the halfway mark in running with the mandate Nigerians collectively handed to them in the 2015 General Elections. Just as importantly, President Buhari’s party, the All Progressives Congress, would have spent two years with the majority of seats in the two chambers of Nigeria’s National Assembly, apart from being the ruling party in 24 of Nigeria’s 36 States.

In................   read more

26 May

The week ahead – It’s not pretty

The Nigerian military says it will investigate allegations of a plot to overthrow the current democratically-elected government and purported attempts by politicians to influence the office and soldiers of the Nigerian Army. It has vowed that no coup d’etat, or takeover of government, will be supported or encouraged by the armed forces. In a joint press briefing convened by the Defence Headquarters (DHQ) and the Nigerian Army in Abuja on Wednesday, the military asked................   read more

25 May

The prospects of Biafra 2.0

The FG’s handling of Kanu’s case and its general management of the pro-Biafra movement in the South-East have proven to be strategic blunders which ended up raising the profile of both the man and his cause. Just two years ago, Nnamdi Kanu was unknown to most Nigerians. Even within South East Nigeria, some saw him as an abrasive presence on the airwaves because of his incessant spewing inciting vitriol against Nigeria and other enemies of “Biafra” on the pirate................   read more

23 May

Analysis – Q1 GDP shows path to growth

This morning, the National Bureau of statistics (NBS) released its first quarterly report for 2017. The report revealed that Nigeria is still in a recession with Q1 2017’s growth rate of -0.52%, officially representing the fifth consecutive quarter of contraction for Africa’s largest economy. This was worse than SBM’s projection that Nigeria would be out of recession by the end of Q1. Nominal GDP (values not adjusted for inflation) for the quarter stood at ₦26.028................   read more

19 May

The week ahead – Thinking for Government 101

Nigeria plans to raise $3.5 billion in foreign loans including from the World Bank and from international debt markets, to help fund its 2017 budget deficit. Budget Office Director General, Ben Akabueze said $2 billion of the foreign borrowings would come from concessionary loans with the balance of $1.5 billion from commercial markets including the Eurobond market. He said Nigeria has a shortfall of $7.5 billion for its 2017 budget expenditure. “We would look at................   read more

12 May

The week ahead – A pipeline of hope increases expectations

The National Assembly signed off on a record ₦7.44 trillion budget for 2017 on Thursday. The budget is based on an assumed oil price this year of $44.5 a barrel, while global benchmark Brent crude is currently trading above $50. The plan also entails foreign borrowing of ₦175.9 billion and domestic borrowing of ₦1.488 trillion. Both chambers of parliament agreed to a bigger budget than the ₦7.298 trillion draft submitted by President Muhammadu Buhari in December.................   read more