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Monitoring Government Spending and its Effects on Nigeria’s Debt Profile -By Aniekpeno John Inyang

    Financial Literacy is an ability to understand financial choices with a focus towards enhancing sustainable economic well being. When people make informed financial decisions, they form an integral part of the economy, and in the process contribute directly to the growth and development of any society. Financial Literacy in Nigeria is very low, […]

  The issue of sustainability of Nigeria’s debt and service burden has returned to the forefront of public discourse lately. Instructively, after the controversial, stupendous payment of almost $20bn in 2005-2006 to exit an oppressive $30bn debt overhang, owed primarily to a consortium of overseas creditors, Nigeria’s total debt has climbed rapidly again, from less […]

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  It would be heartless to ignore organised labour’s demand for an urgent upward review of the subsisting N18,000 per month minimum wage, which was fixed over six years ago, when this income was above the international value of $150, i.e. above $5/day and more than double the poverty bench mark of less than $2/day. […]

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It is no longer a news as we are all familiar with corruption news and its wide spread like wildfire in Nigeria. As we all know that corruption is an enemy of development and good governance ‘Pratibha Patil’. From ages immemorable, corruption has been in existence in Nigeria, the Transparency International research survey in the […]

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Is deregulation on hold forever? -By Henry Boyo

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  “… If we do not deregulate, it is not cost-effective for those who are producing PMS (petrol) to sell. Likewise, if you deregulate completely, prices of everything will go up. So there are those complications, meaning we’ve got to moderate all those things. Government has to come in, to a certain extent, and this […]

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On the executive-legislative budget war -By Eze Onyekpere

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  We are back again to the era of sowing corn and expecting to reap cassava. The executive and legislature arms of government are back in the trenches about the extent of their respective powers in the budgeting process. This is not a new challenge and it is as old as presidential democracy in the […]

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Senate’s wonderment at high interest rate -By Lekan Sote

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Last week, the Senate invited the Central Bank of Nigeria, commercial banks, and their Organised Private Sector victims, to a stakeholders meeting on the runaway bank interest rate. The Senate says Nigerian banks are a cartel that makes astronomical profits, but retrenches workers, and causes losses to investors. Senate President Bukola Saraki, (a goody-two-shoes?), who […]

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How to communicate maximally on lean budget -By Azuka Onwuka

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  If you have a million naira or less to publicise your product or service, should you perish the thought because the budget is too little to make an impact? No. There is no amount of money that is too low for communication. It is true that the impact and result may be low, but […]

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‘Business survival inconceivable with high interest rates’ -By Henry Boyo

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  “It is inconceivable that businesses anywhere can survive on a 25 to 30 per cent interest rate regime. How can investors anywhere survive on these rates? How can they create jobs and make returns? But this is the situation our businesses currently live with.” “The Senate fully appreciates the economic complexities that determine interest […]

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Where is the 2016 budget implementation report? -By Uchenna Uwaleke

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  Up till the time of writing, the third and fourth quarter 2016 budget implementation reports had not been uploaded on the website of the Budget Office. Section 30 of the Fiscal Responsibility Act 2007 charges the Budget Office with the responsibility to monitor and report on budget implementation. In subsection 1, it states that […]

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