02 Aug

Analysing the proposed amendments to the 1999 Constitution

The growing calls for restructuring in Nigeria, recent events, and the reactions they have spawned, have shown the Nigerian Constitution as an increasingly unworkable document. As a result, the National Assembly has commenced the process to amend the Constitution, and on Wednesday 26 July, and Thursday 27 July, the Senate and the House of Representatives voted on some of the proposed changes.

Thirty-three laws in the Constitution came up for review, and both houses................   read more

28 Jul

The week ahead – Of truths and dare

An attack on a Nigerian oil exploration team by Boko Haram militants killed at least 48 people, according to hospitals and military officials in Borno state. Those who died in the 25 July attack include 18 soldiers, 15 local vigilantes, five geologists from the University of Maiduguri, 4 drivers from the Nigerian National Petroleum Corporation and six others, Bloomberg reports citing unnamed sources. The exploration team was in a convoy of 11 vehicles with security................   read more

21 Jul

The week ahead – Activity does not always mean progress

The latest Consumer Price Index from the National Bureau of Statistics show that inflation dropped from 16.25 percent in May to 16.1 percent in June. “The CPI which measures inflation increased by 16.1 percent year on year in June 2017. This was 0.15 percentage points lower the rate recorded in May. Accordingly, this represents the fifth consecutive decline in the rate of inflation since January,” the report said. On a month-on-month basis, the headline index rose................   read more

14 Jul

The week ahead – There is life in this thing yet

President Muhammadu Buhari is recuperating fast and will return home shortly, his deputy said on 12 July after visiting the head of state in London where he has been on prolonged sick leave. Yemi Osinbajo’s brief and unannounced trip has revived speculation about Buhari’s health and whether he will be able to stand for re-election in 2019. The details of his illness have not been made public.”He is in very high spirits, he is recuperating very quickly................   read more

07 Jul

The week ahead – Doing new things

There was some mild political theatre on the floor of the Senate at the resumption of a three-week recess on July 4, when a point of order was raised, that Senate President, Bukola Saraki was Nigeria’s effective Acting President. Lawmakers in the upper house had received a letter from Acting President, Yemi Osinbajo, seeking the confirmation of Lanre Gbajabiamila, as the Director General of the National Lottery Regulatory Commission. Legislators were furious about................   read more

30 Jun

The week ahead – We need to see in order to detect stunted growth

Nigeria’s Excess Crude Account tied for the world’s most poorly governed sovereign wealth fund, according to a report by the Natural Resource Governance Institute released on Wednesday. The $2.4 billion account was ranked alongside the Qatar Investment Authority as the worst in terms of oversight and transparency in NRGI’s index of resource management. NRGI rated 11 sovereign wealth funds, managing least $1.5 trillion in total, as “failing”. “The government................   read more

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