Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also join us on the Facebook http://www.facebook.com/economicconfidential and http://www.facebook.com/economicmagazine
The 7 Hardliners behind Fuel Subsidy Removal
The Economic Confidential, in this report, presents the fallouts of the investigations carried out by its reporters on subsidy removal. Here are arguments of the major campaigners and hardliners who are promoting and supporting the removal of the fuel subsidy. Read: http://economicconfidential.net/new/news/national-news/867-the-7-hardliners-behind-fuel-subsidy-removal
Economic Confidential @5: Thanking You All
The Economic Confidential wishes to express its sincere appreciation to all its readers within and outside Nigeria for their loyalty over the past five years as we celebrate our fifth year in the practice of factual, authoritative and accessible journalism. Our readership cuts across all sectors of Nigeria as exemplified from the huge congratulatory messages and comments we received from our readers and stakeholder through social media, emails, direct mails, text messages and phone calls. While we could not publish all the goodwill messages, some of the encouraging comments are on this page: http://economicconfidential.net/new/component/content/article/886-economic-confidential-5-thanking-you-all
The Economic Confidential wishes to express its sincere appreciation to all its readers within and outside Nigeria for their loyalty over the past five years as we celebrate our fifth year in the practice of factual, authoritative and accessible journalism. Our readership cuts across all sectors of Nigeria as exemplified from the huge congratulatory messages and comments we received from our readers and stakeholder through social media, emails, direct mails, text messages and phone calls. While we could not publish all the goodwill messages, some of the encouraging comments are on this page: http://economicconfidential.net/new/component/content/article/886-economic-confidential-5-thanking-you-all
Where I Stand on Fuel Subsidy- By Sanusi Lamido Sanusi
This is an email response of Sanusi Lamido Sanusi to selected online groups, including the Economic Confidential over the removal of fuel subsidy. Some selected rejoinders and reactions to his position as well as similar incisive articles on the issue are also accessible from the Features column of this online publication. He also responds to those attacking his person and family. http://economicconfidential.net/new/features/881-where-i-stand-on-fuel-subsidy-by-sanusi-lamido-sanusi
Facts and Nagging Questions on Fuel-Subsidy Removal-By Professor Mobolaji Aluko
Facts and Nagging Questions on Fuel-Subsidy Removal-By Professor Mobolaji Aluko
The recent abrupt subsidy removal, now increasingly dubbed deregulation in the downstream petroleum industry, is posing new challenges both to the Nigerian citizenry (in terms of direct increase in fuel price and of other essentials due to the impact of the petrol "macroproduct") and to the Federal Government (in terms of protests from various sectors of civil society). Read the facts and figures: http://economicconfidential.net/new/features/885-facts-and-nagging-questions-on-fuel-subsidy-removal
Labour Strikes: Expect Many More, Unless …!
It would be mischief on the part of this column if we subscribed to the bandwagon of elitist Nigerians whose stock in trade is the creation of false hope of a better year ahead at the end of every dismal year.Read: http://economicconfidential.net/new/features/884-labour-strikes-expect-many-more-unless-
The Real Cost Of Nigeria Petrol
On December 10, 2011, if you stopped at the Mobil filling station on Old Aba Road in Port Harcourt, you would be able to buy a litre of petrol for 65 naira or $1.66 per gallon at an exchange rate of $1/N157 and 4 litres per gallon. This is the official price. The government claims that this price would have been subsidized at N73/litre and that the true price of a litre of petrol in Port Harcourt is N138/litre or $3.52 per gallon.Get full detail on the fact from an academic that knows more: http://economicconfidential.net/new/features/883-the-real-cost-of-nigeria-petrol
IBB's Position on the Removal of Fuel Subsidy and Other Matters
Events happening in the country in recent times have once again called for serious concern by all Nigerians in view of our peculiar history, political orientation and the dynamics of our federation.Read the full text of Former President Ibrahim Badamasi Babangida on the removal of fuel subsidy and the security situation in Nigeria.Read: http://economicconfidential.net/new/features/875-ibbs-position-on-the-removal-of-fuel-subsidy-and-other-matters
Re: Where I Stand on Fuel Subsidy- Reaction to Sanusi Lamido Sanusi By Dr. Ola Kassim
Mr. Sanusi's arguments in favour of the removal of the subsidy are as cogent as they are clear to understand, considering he has not employed any economic jargons in his discourse.Read more: http://economicconfidential.net/new/features/879-re-where-i-stand-on-fuel-subsidy-reaction-to-sanusi-lamido-sanusi
Labour Strikes: Expect Many More, Unless …!
It would be mischief on the part of this column if we subscribed to the bandwagon of elitist Nigerians whose stock in trade is the creation of false hope of a better year ahead at the end of every dismal year.Read: http://economicconfidential.net/new/features/884-labour-strikes-expect-many-more-unless-
The Real Cost Of Nigeria Petrol
On December 10, 2011, if you stopped at the Mobil filling station on Old Aba Road in Port Harcourt, you would be able to buy a litre of petrol for 65 naira or $1.66 per gallon at an exchange rate of $1/N157 and 4 litres per gallon. This is the official price. The government claims that this price would have been subsidized at N73/litre and that the true price of a litre of petrol in Port Harcourt is N138/litre or $3.52 per gallon.Get full detail on the fact from an academic that knows more: http://economicconfidential.net/new/features/883-the-real-cost-of-nigeria-petrol
IBB's Position on the Removal of Fuel Subsidy and Other Matters
Events happening in the country in recent times have once again called for serious concern by all Nigerians in view of our peculiar history, political orientation and the dynamics of our federation.Read the full text of Former President Ibrahim Badamasi Babangida on the removal of fuel subsidy and the security situation in Nigeria.Read: http://economicconfidential.net/new/features/875-ibbs-position-on-the-removal-of-fuel-subsidy-and-other-matters
Re: Where I Stand on Fuel Subsidy- Reaction to Sanusi Lamido Sanusi By Dr. Ola Kassim
Mr. Sanusi's arguments in favour of the removal of the subsidy are as cogent as they are clear to understand, considering he has not employed any economic jargons in his discourse.Read more: http://economicconfidential.net/new/features/879-re-where-i-stand-on-fuel-subsidy-reaction-to-sanusi-lamido-sanusi
Re: Where I Stand on Fuel Subsidy -An Online Reaction to Sanusi Lamido Sanusi By Ibrahim Sanyi-Sanyi
Malam SLS, Thanks for taking out time to share your thoughts on fuel subsidy removal policy of the FG. I have some inputs to make and questions to ask... Did Nigeria sell PMS at regulated price? What happened to N1.2 trillion subsidy said to be paid to jerk up the pump price to arrive at the 'landing cost'? Isn't the landing cost supposed to be 'market' price of the product? Why can't the subsidy model for imported PMS be adapted to suit the 'locally refined' petrol? Read: http://economicconfidential.net/new/features/880-re-where-i-stand-on-fuel-subsidy-an-online-reaction-to-sanusi-lamido-sanusi
Lies About Fuel Subsidy RemovalBy Leonard Karshima Shilgba, PhD
I urgently appeal to Nigerian labor, organized civil society, national assembly, and indeed all Nigerians to listen to me. I request Nigerians who either have agreed or are considering agreeing with government's arguments on the benefits of removal of fuel subsidy to please give me some attention.Read more: http://economicconfidential.net/new/features/882-lies-about-fuel-subsidy-removal
Fuel Subsidy: Sanusi Lamido, Please Stay Off Debate By Dr. Aliyu U. Tilde
It is difficult to justify the removal of this subsidy. Personally, i believe that the Nigerian government can afford the 220billion or so required to sustain it on behalf of its people. That is just about $1.4 billion or less, just a fraction of the commission (or earnings) it makes from oil companies annually. That the amount has reached over a trillion naira is not our fault, but that of the government that deliberately fails to carry out its responsibility of checkmating them.Read more: http://economicconfidential.net/new/features/878-fuel-subsidy-sanusi-lamido-please-stay-off-debate
Fuel Subsidy Pallatives and Past Rhetoric on Debt Relief in 2005
Similar promises were made in 2005 over debt relief as the administration of President Goodluck Jonathan has now listed a number of palliatives to cushion the harsh impacts of the fuel subsidy withdrawal on citizens. Some of the palliatives of Jonathan's team, the Economic Confidential was told, include delivery of mass transit buses, completion and rehabilitation of rail services, refineries, key federal highways, hydro stations, information technology and water. Read the praises and promises then on Debt Relief palliatives in 2005.Read: http://economicconfidential.net/new/news/national-news/888-fuel-subsidy-pallatives-and-past-rhetoric-on-debt-relief-in-2005
Why Fuel Subsidy Removal is Necessary- President Goodluck Jonathan
The full text of Speech of Presidet Goodluck Ebele Jonathan over the removal of fuel subsidy. "I had cause to address Nigerians on the security challenges we are facing in parts of the country, which necessitated the declaration of a state of emergency in 15 Local Government Areas in four states of the Federation."... Read more: http://economicconfidential.net/new/news/national-news/876-why-fuel-subsidy-removal-is-necessary-presdident-goodluck-jonathan
In Nigeria, Boko Haram Is Not the Problem- American Professor
Since the May inauguration of President Goodluck Jonathan, a Christian from the Niger Delta in the country's south, Boko Haram has been blamed for virtually every outbreak of violence in Nigeria.But the news media and American policy makers are chasing an elusive and ill-defined threat; there is no proof that a well-organized, ideologically coherent terrorist group called Boko Haram even exists today. Evidence suggests instead that, while the original core of the group remains active, criminal gangs have adopted the name Boko Haram to claim responsibility for attacks when it suits them. Read more: http://economicconfidential.net/new/features/865-jean-herskovits
A Former Minister's Piece on Resource Allocation and Economic Potentials in the North
Agreed, the 1963 constitution advocated, provided for and applied the principle of Derivation. Its insertion must be informed then by the period of learning and gaining experience of living together and perhaps the desire to lay a solid foundation for the Unity in Diversity. Even at that, the Northern part of the country was giving money to help its sister regions to balance their budget. Aware of the paucity of resources of the Niger-Delta, the then Federal Government under Sir Abubakar Tafawa Balewa, set up the Niger-Delta Development Commission (NDDC). The initial oil development industry was funded by the resources from the "Arid North"... Read the piece of former Agric Minister on the above: http://economicconfidential.net/new/features/872-resource-allocation-and-economic-potentials-in-the-north
Similar promises were made in 2005 over debt relief as the administration of President Goodluck Jonathan has now listed a number of palliatives to cushion the harsh impacts of the fuel subsidy withdrawal on citizens. Some of the palliatives of Jonathan's team, the Economic Confidential was told, include delivery of mass transit buses, completion and rehabilitation of rail services, refineries, key federal highways, hydro stations, information technology and water. Read the praises and promises then on Debt Relief palliatives in 2005.Read: http://economicconfidential.net/new/news/national-news/888-fuel-subsidy-pallatives-and-past-rhetoric-on-debt-relief-in-2005
Why Fuel Subsidy Removal is Necessary- President Goodluck Jonathan
The full text of Speech of Presidet Goodluck Ebele Jonathan over the removal of fuel subsidy. "I had cause to address Nigerians on the security challenges we are facing in parts of the country, which necessitated the declaration of a state of emergency in 15 Local Government Areas in four states of the Federation."... Read more: http://economicconfidential.net/new/news/national-news/876-why-fuel-subsidy-removal-is-necessary-presdident-goodluck-jonathan
In Nigeria, Boko Haram Is Not the Problem- American Professor
Since the May inauguration of President Goodluck Jonathan, a Christian from the Niger Delta in the country's south, Boko Haram has been blamed for virtually every outbreak of violence in Nigeria.But the news media and American policy makers are chasing an elusive and ill-defined threat; there is no proof that a well-organized, ideologically coherent terrorist group called Boko Haram even exists today. Evidence suggests instead that, while the original core of the group remains active, criminal gangs have adopted the name Boko Haram to claim responsibility for attacks when it suits them. Read more: http://economicconfidential.net/new/features/865-jean-herskovits
A Former Minister's Piece on Resource Allocation and Economic Potentials in the North
Agreed, the 1963 constitution advocated, provided for and applied the principle of Derivation. Its insertion must be informed then by the period of learning and gaining experience of living together and perhaps the desire to lay a solid foundation for the Unity in Diversity. Even at that, the Northern part of the country was giving money to help its sister regions to balance their budget. Aware of the paucity of resources of the Niger-Delta, the then Federal Government under Sir Abubakar Tafawa Balewa, set up the Niger-Delta Development Commission (NDDC). The initial oil development industry was funded by the resources from the "Arid North"... Read the piece of former Agric Minister on the above: http://economicconfidential.net/new/features/872-resource-allocation-and-economic-potentials-in-the-north
Still on Agricultural Potentials from Oil Revenue
Prior to the discovery of crude oil at Oloibiri Oilfield in Niger Delta in 1956, Nigeria had showed a remarkable record as one of the major exporters of agricultural produce across African continent. The nation witnessed a new era of socio-economic tardiness after the take-off of oil exportation in 1960s.Read more: http://economicconfidential.net/new/features/871-still-on-agricultural-potentials-from-oil-revenue
Prior to the discovery of crude oil at Oloibiri Oilfield in Niger Delta in 1956, Nigeria had showed a remarkable record as one of the major exporters of agricultural produce across African continent. The nation witnessed a new era of socio-economic tardiness after the take-off of oil exportation in 1960s.Read more: http://economicconfidential.net/new/features/871-still-on-agricultural-potentials-from-oil-revenue
Gimba Kumo: A Mortgage Banker's Dream for Affordable Houses
Since his appointment as the Managing Director, Federal Mortgage Bank of Nigeria (FMBN) Gimba Ya'u Kumo has been actively engaged in ensuring that Nigerians derive optimum benefits from the mortgage institutions in country. He was at the National Assembly, Abuja where he implored the lower House to enact necessary legislations and laws that would facilitate the creation of mortgages that could consequently increase the rate of housing delivery in the country. Read his profile: http://economicconfidential.net/new/component/content/article/866-gimba-kumo-a-mortgage-bankers-dream-for-affordable-houses
PenCom tasks bureaux to report defaulting States, LG
As part of efforts to ensure the success of contributory pension scheme in Nigeria, the National Pension Commission (PenCom) has mandated the State Pension Bureaux to report to the commission, should any State or Local Government fail to remit pension contributions on behalf of their employees.Read: http://economicconfidential.net/new/news/state-news/869-pencom-tasks-bureaux-to-report-defaulting-states-lg
NEMA: Disaster situations in 2011 and beyond
The year 2011 wrapped up on disastrous note with the occurrences of separate deadly explosions on Christmas morning that claimed many lives in Madala, near Abuja and Damaturu in Yobe State.Black curtain drew over the grim year which had earlier dawned with similar explosive situations at the Mummy market of Mogadishu Cantonment, Abuja and in Jos, Plateau State as well as several other disasters in-between to make it one of the most challenging in recent time. The blasts at the Mogadishu Cantonment actually occurred on the eve of the 2011, taking the people by surprise and raising fears about the future. Read more: http://economicconfidential.net/new/news/national-news/887-nema-disaster-situations-in-2011-and-beyond
NDIC Launches Special Help Desk for Microfinance Banks
The Nigeria Deposit Insurance Corporation (NDIC) has established a Special Help Desk for depositors, employees, shareholders and other stakeholders of microfinance banks (MFBs) and primary Mortgage institutions (PMIs) in Nigeria.Read: http://economicconfidential.net/new/financial/monetary/868-ndic-launches-special-help-desk-for-microfinance-banks
FIRS Advocates Taxation in Curriculum
Mrs. Ifueko Omoigui Okauru, the executive chairman, Federal Inland Revenue Service (FIRS) has appealed to the Federal Ministry of Education to fast track the entrenchment of taxation in the nation's education curriculum. Read: http://economicconfidential.net/new/financial/tax-matters/870-firs-advocates-taxation-in-curriculum-
Traps in Sovereign Wealth Fund
Let me state right away that I am not in favour of the establishment of the so-called Sovereign Wealth Fund (SWF). Yet, I believe in planning and saving for the future. Read http://economicconfidential.net/new/features/873-traps-in-sovereign-wealth-fund
Since his appointment as the Managing Director, Federal Mortgage Bank of Nigeria (FMBN) Gimba Ya'u Kumo has been actively engaged in ensuring that Nigerians derive optimum benefits from the mortgage institutions in country. He was at the National Assembly, Abuja where he implored the lower House to enact necessary legislations and laws that would facilitate the creation of mortgages that could consequently increase the rate of housing delivery in the country. Read his profile: http://economicconfidential.net/new/component/content/article/866-gimba-kumo-a-mortgage-bankers-dream-for-affordable-houses
PenCom tasks bureaux to report defaulting States, LG
As part of efforts to ensure the success of contributory pension scheme in Nigeria, the National Pension Commission (PenCom) has mandated the State Pension Bureaux to report to the commission, should any State or Local Government fail to remit pension contributions on behalf of their employees.Read: http://economicconfidential.net/new/news/state-news/869-pencom-tasks-bureaux-to-report-defaulting-states-lg
NEMA: Disaster situations in 2011 and beyond
The year 2011 wrapped up on disastrous note with the occurrences of separate deadly explosions on Christmas morning that claimed many lives in Madala, near Abuja and Damaturu in Yobe State.Black curtain drew over the grim year which had earlier dawned with similar explosive situations at the Mummy market of Mogadishu Cantonment, Abuja and in Jos, Plateau State as well as several other disasters in-between to make it one of the most challenging in recent time. The blasts at the Mogadishu Cantonment actually occurred on the eve of the 2011, taking the people by surprise and raising fears about the future. Read more: http://economicconfidential.net/new/news/national-news/887-nema-disaster-situations-in-2011-and-beyond
NDIC Launches Special Help Desk for Microfinance Banks
The Nigeria Deposit Insurance Corporation (NDIC) has established a Special Help Desk for depositors, employees, shareholders and other stakeholders of microfinance banks (MFBs) and primary Mortgage institutions (PMIs) in Nigeria.Read: http://economicconfidential.net/new/financial/monetary/868-ndic-launches-special-help-desk-for-microfinance-banks
FIRS Advocates Taxation in Curriculum
Mrs. Ifueko Omoigui Okauru, the executive chairman, Federal Inland Revenue Service (FIRS) has appealed to the Federal Ministry of Education to fast track the entrenchment of taxation in the nation's education curriculum. Read: http://economicconfidential.net/new/financial/tax-matters/870-firs-advocates-taxation-in-curriculum-
Traps in Sovereign Wealth Fund
Let me state right away that I am not in favour of the establishment of the so-called Sovereign Wealth Fund (SWF). Yet, I believe in planning and saving for the future. Read http://economicconfidential.net/new/features/873-traps-in-sovereign-wealth-fund
Economic Confidential
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Nigeria's Economic Magazine
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