Power Plays

The Bane of Corruption in Business Practices in the Private Sector

Being Paper Presented at the 8th Annual Forum of The Laureates of the Nigerian National Order of Merit (NNOM) and the Award Winners’ Lecture. Introduction Nigeria is the worlds’ 15th most corrupt nation, according to Transparency International’s Corruption Perception Index and people everywhere have learned to be extra cautious when doing business in or with Nigeria. Generally as a result of the 419 scourge, countries around the world are weary

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Nomination of Ministers: Art of the Possible?

So, after four months in office, Mr. Buhari finally presents a full list of ministerial nominees. The character of the two lists submitted to the Senate has been described as shocking, by Nigerians who voted overwhelmingly for change. The first list has 21 names most of which Change Activists appear uncomfortable with, and the second list has 16 names of relatively unknowns. How did President Buhari end up with a line up so out of character with

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Fixing the Trouble with Nigeria?

President Muhammadu Buhari’s style of leadership, despite lots of criticism, could well turn out to be just what Nigeria needs at this stage in her development. In Chinua Achebe’s 1983 book ‘The Trouble with Nigeria’, he states that social miracles could happen. He said this right after he famously and vehemently declared that “the trouble with Nigeria is simply and squarely a failure of leadership.” If his assertion is true, then perhaps

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For the CBN, have the Chickens finally Come Home to Roost?

So Nigeria has not fallen over because it was de-listed from the J.P Morgan Emerging Markets, Government Bond Index (EM-GBI). JP Morgan suggested that Nigeria’s foreign exchange regime has lacked desirable levels of liquidity and transparency; they also suggested that Nigeria lacked a fully functional two-way market. CBN refuted the JP Morgan claims avowing that all legitimate demands for forex are being met; all forex transactions now take place

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Who will minister at Buhari’s New Shrine?

Nigeria is a corporatist society – one in which the direction of State Policy is determined by the resultant of interests of the groups from politics, military, religion, traditional establishments, labour, business, civil society and so on, that manage to capture the State. The emergence of Muhammadu Buhari has threatened that status quo as it seems by fighting corruption and dismantling the structures used by various syndicates, he is laying

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Assembling to Share the National Cake?

What is the purpose of our National Assembly? To act as gatekeepers and toll collectors or to act as a check and balance to the other arms of government (Executive & Judiciary)? What primary function does legislation play in modern society and what therefore should we expect of Legislators? There has been widespread public uproar and debate since PREMIUM TIMES delivered an exposé, on August 18, on federal lawmakers’ pay. The packages of National

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Curbing Nigeria’s Personal Sector

The personal sector is defined as that part of the economy made up of individuals and their incomes and expenditures, as opposed to those of private or public sector entities. It is arguable that this invisible sector is the largest since it is made up solely of the same individuals to be found in the private, public and third sector (Civil Society). What is interesting about the personal sector in Nigeria is that patronage networks heavily influence

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Reading the Tea Leaves

Nigeria’s private sector does not need to indulge in the ancient art of tasseography to foretell that the emerging pattern of President Buhari’s anti-graft war carries a distinct prophesy for them as well. There is indeed a new Sheriff in town, and it is appearing more and more unlikely that it will remain business as usual. (more…)

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Nigeria’s House of Cards

During the Jonathan administration, we were made to understand that there are three types of “Boko Haram”: first, criminal opportunists who feel they have found a new cover for their crimes; (more…)

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Buhari Promises Reforms And New Policies In Oil And Gas Sector

The Nigerian President, Muhammadu Buhari, has promised that his administration will undertake appropriate reforms and implement fresh policies to boost national income from oil and gas production. Read more

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