Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also join us on the Facebook http://www.facebook.com/economicmagazine and Linkedin: http://www.linkedin.com/in/economicconfidential also Twitter : http://twitter.com/economicng
Federation Account: Rich and Poor States in May 2013, as Akwa Ibom Leads in Naira and Dollars
'Manna fell from the Heaven' when over N1.6 Trillion was disbursed to the tiers of government in May 2013 from various accounts at the meeting of the Federation Account Allocation Committee (FAAC) in Abuja. The Economic Confidential provides the table of the allocations by ranking of states where Akwa Ibom State came first with its receipt of N69.4bn and Ebonyi being the poorest when it receivedgot N12.6bn the same month. Read: http://economicconfidential.net/new/financial/facts-a-figures/1362-federation-account-the-richest-and-poorest-states-as-akwa-ibom-takes-lion-share-in-naira-and-dollars
The States: How They Have Fared In 2 Years
In this mid-term report, the Economic Confidential here brings you a summary of what citizens have enjoyed from their various state governments in the last 24 months that most of the governments were sworn in. Read: http://economicconfidential.net/new/news/state-news/1353-the-states-how-they-have-fared-in-2-years
The Verdict on Jonathan's Half-Time
The mid-term review of the Goodluck Jonathan administration was celebrated with much pomp and pageantry. To an onlooker or a visitor to the country, the review of the administration's performance was right on course and almost believable. The paradox is that the same people who set the examinations, sat for them and graded themselves. Read: http://economicconfidential.net/new/features/1356-the-verdict-on-jonathans-half-time
Clarifying Nigeria's Debt Status
There has recently been a lot of misinformation and misconception in our public debate on debt. My goal in this article is to shed some light on the public debt, to clarify the real state of Nigeria's debt position, and hopefully, provide a knowledge platform for constructive debate. Read: http://economicconfidential.net/new/features/1358-clarifying-nigerias-debt-status
Bature U. Masari: A Journalist at the Helm of Affairs in SMEDAN
He has been a man many parts: a journalist, politician, entrepreneur, and a seasoned administrator. The Economic Confidential gathered that Masari was once a Reporter with the Defunct Democrat Newspapers, Kaduna from 1987-1990. From 1990 to 1999, he worked with the Nigeria Customs Service. And later joined Thisday Newspaper as a Political Correspondent from 1999-2003. Read: http://economicconfidential.net/new/component/content/article/1354-bature-u-masari-a-journalist-at-the-helm-of-affairs-in-smedan
CBN Reserves and the Status of Dollar against Naira
Out of total current national reserves of about $50bn, the excess crude account apparently holds about $9bn, while about $1bn is domiciled in the sovereign wealth account; the balance of about $40bn comprise what CBN proudly claims as its own reserves, which do not technically belong to the federation account, and cannot therefore be appropriated.Read: http://economicconfidential.net/new/features/1357-cbn-reserves-and-the-status-of-dollar-against-naira
Nexim Bank and Structural Transformation of Nigeria's Economy
Nigeria is the natural leader of Africa. For decades, our dear country has been Africa's foremost producer and 8th world largest exporter of crude oil to the international market. Nigeria is strategically located to take advantage of modern forms of transportation to enable her participation in cross-border trade, and build a virile domestic economy. Read: http://economicconfidential.net/new/features/1360-nexim-bank-and-structural-transformation-of-nigerias-economy
Finance Minister Supports FIRS Boss, Agency Generates N1.5tr in First Quarter
The Coordinating Minister for the Economy and Minister of finance, Dr. Ngozi Okonjo-Iweala has enjoined staff of the Federal Inland Revenue Service (FIRS) to support and accord the management of the service under the leadership of Kabiru Mashi the needed cooperation in realizing its mandate. Read: http://economicconfidential.net/new/financial/tax-matters/1349-finance-minister-supports-firs-boss
Request for Memoranda on New Revenue Formula
The Commission is, therefore, inviting memoranda from the Federal, State and Local Governments, Members of the general Public, the Civil Society, the Mass Media, the Academia and all Stakeholders, towards the preparation of a new revenue allocation formula. This REPEAT advertisement is to provide another opportunity for those who may not have responded to the earlier invitation and/or those who wish to make additional submissions to do so NOW. Read: http://economicconfidential.net/new/focus/1341-request-for-memoranda-on-new-revenue-formula
Kwankwasiya: Taming Ignorance and Begging in Kano
Realising the importance of knowledge, skill acquisition and job creation, the Kano State government through its Kwankwasiya slogan is fighting ignorance, street begging and other vices through massive investment on education and critical infrastructure. Read: http://economicconfidential.net/new/features/1361-kwankwasiya-taming-ignorance-and-begging-in-kano
Nigeria and Personalization of Rule of Law
I have never been anti-Yoruba or anti-any ethnic group. My life is enriched by friendships and connections across countless ethnic groups. Others accused me of mercenary journalism – suggesting that President Goodluck Jonathan or members of his camp paid me to join in the attacks against Gen Olusegun Obasanjo. Read: http://economicconfidential.net/new/features/1359-nigeria-and-personalization-of-rule-of-law
Towards Making the Eastern Rail Line Functional
One thing even the ardent critics of this Administration will not fail to acknowledge is that tremendous progress is being made in the rail sub sector of the economy. Undoubtedly, the resuscitation of the Lagos to Kano rail services also known as the Western line in December last year is one of the major... Read: http://economicconfidential.net/new/features/1344-towards-making-the-eastern-rail-line-functional-
FG Deploy Reliefs to refugees in Niger Republic, says NEMA
Further to the humanitarian response of the Federal Government to communities affected by the security challenges in the North East zone of Nigeria, the National Emergency Management Agency (NEMA) has deployed relief assistance to the displaced Nigerians that fled into the nearby Republic of Niger to provide them with immediate succor. Read: http://economicconfidential.net/new/news/national-news/1350-fg-deploy-reliefs-to-refugees-in-niger-republic-says-nema-
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Economic Confidential
Factual, Authoritative and Accesible
Nigeria's Economic Magazine
