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What to Do About Recession in Nigeria

What to Do About Recession in Nigeria

Economists postulate that once an economy exhibits two consecutive quarters of negative growth, such an economy is technically in a recession. The negative growth of the economy implies output loss, hence jobs are lost with adverse implications. However, an economy can register positive growth rates and yet perform below potential. The Nigerian economy, from 1999 to 2015, grew positively at almost 6 per cent. Yet unemployment and underdevelopment averaged 30 per cent while the rate

Sylvester Odion Akhaine

Education In The  Age Of Neoliberalism:  Local And External Contexts

By    Sylvester Odion Akhaine   “Education is the most powerful weapon which you can use to change the world.” –Nelson Mandela “Education either functions as an instrument which is used to facilitate integration of the younger generation into the logic of the present system and bring about conformity or it becomes the practice of freedom, the means by which men and women deal critically and creatively with reality and discover how to participate in the transformation

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Nigeria And The Economics Of Devaluation

The persistent depreciation of the Naira to the United States dollar in particular and other foreign currencies like the British Pound, Euro etc. in general has generated debate among those interested in the Nigerian project.  President Buhari’s opposition to devaluation stressing that he has no intention to ‘kill’ the Naira reactions in some quarters. There are those who perceive that the President is not an expert in the subject and hence should allow the ‘experts’

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Discreet Elite Versus Discrete Judiciary

By Adetutu Bashorun  Corruption in the Nigerian judiciary has forever been a bane of the legal system and the common man on the street of our dear nation. The system is embedded and rife with lack of confidence in the judiciary that the courts will mete out justice even in the greenest of cases. The judicial components in the persons of lawyers, court officers and clerks do not conceal the extent of twist apparent in

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Between Good Governance and Corruption

By Adegbenro Adebanjo   The Muhammed Buhari Administration enjoys massive support among the generality of Nigerians and in the International Community. The honeymoon seems to be unending. And with its dogged fight against corruption, some have become extreme believers and cheer leaders. And those who fault any move or policies and actions of the government or dare to provide alternative viewpoints are seen as unpatriotic and are visited with harsh strictures.  Let it be stated

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Budget 2016 and Its Change Logic

By Festus O. Egwaikhide   There is much to be said about a country’s budget. If well designed and implemented, it can serve as a potent instrument of resource mobilisation and allocation. It specifies the revenues, expenditures and borrowing requirements of the government within a given period of time, usually a year. Fiscal measures are also part of the budget. Budgetary policy is an important part of macroeconomic policy whose primary objectives come down to

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An Encounter With Diezani

By Okpara Edozie Samuel  In a country where almost every public commentator, including average Nigerians, are calling for the head of the former minister of petroleum resources, Diezani Alison-Madueke, writing an article that represents her as an embodiment of humility, empathy and humanity may not be the wisest thing to do.But when the event in this article is experienced by an ordinary, every-day Nigerian who understands like Maya Angelou did that ‘’there is no greater

Economy: The Way Forward

Economy: The Way Forward

By Tunde Lemo   “Change” was a widely popularized mantra during the recent electioneering campaign that led to the incoming of the new administration at the Federal level. We were all fascinated with the experience of an incumbent president peacefully handing over to the opposition. Now, the excitement is over and we are beset with grim macroeconomic realities. Staring us in the face is a nation in need of deep economic surgery on many fronts.

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Terrorism: The Challenge Of Deadly Weapons

By Bobson Gbinije   “And Caesar’s spirit, ranging for revenge, With Ate by His side come hot from hell, shall in these confines With A Monarch’s   voice, cry ‘Havoc’ And let slip the dogs   of war”. — Shakespeare (in Julius Caesar)   Dogmatic blandishments, doctrinaire sophistry, religious extremism and systematic political indoctrination etc, have unleashed a horde of psychopathic mass murderers on our world. Terrorists and terrorism has become the horrendous predator on humanity. Hence,

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Ten Big Ideas

By DELE OLOJEDE It’s early days yet, in the life of a new government. The voters have played their part by finally getting rid of a catastrophically inept and almost certainly corrupt president. It is now time for our new leaders to play theirs. Click here to download our magazine Political life is generally characterised by high hopes rapidly followed by crushing disappointment. And if this is to be our fate, then why not be

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