By Adewole Kehinde As part of my continuous education on the benefit of fuel subsidy removal, I will be looking at the impact of Market Forces on Subsidy Removal. First of all, what is a subsidy? Subsidy is aimed at lessening the burden or cost of certain products and an attempt at financial support by the government. There are two […]
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By Yakubu Bayambe Throughout human history, the concept of development- whether social, economic or infrastructural- has been a subject of intense debate and interest, especially in our clime. Since the return of Nigeria to democracy in 1999, the country has witnessed several attempts by successive administrations aimed at short, medium and long term social, economic and infrastructural development. But whether […]
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By Hon. Marshall Israel “When Chibuike Rotimi Amaechi became Governor of Rivers State in 2007 through the Historical Supreme court judgement, He didn’t forget his friends. While some of his School mates were expecting him to call them, Mr. James Ukwu, His University Of Portharcourt School mate was making frantic effort to see him. Amaechi and James were very close […]
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By Adewole Kehinde Mallam Mele Kolo Kyari, the Chief Executive Officer/ Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited clocks 57 on January 8th, 2022. There is no doubt that on this eventful day, encomiums and accolades will be poured on the geologist, crude oil marketer and quintessential administrator by prominent Nigerians from all walks of life […]
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By Edwin Madunagu My difficulties in this discussion began with how to construct a title for it. I could break down what I wanted to say into bits of statements and questions. But I could not agree with myself on how to craft a befitting title for the discussion, even a provisional one, in the manner of many writers. Before […]
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By Musa Ilallah Available records from the Debt Management Office, DMO indicate that from the first recession in 2016 that struck Nigeria to date, bailout funds given to the 36 States of the Federation to cushion the effects of recession, have hit N1.75 trillion. The idea of dashing bailout funds to the States was borne out of President Muhammadu Buhari’s […]
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By Adewole Kehinde I came across the Association of Senior Civil Servants of Nigeria (ASCSN) statement saying they are already mobilizing their members to resist the removal of subsidies. There is no harm in mobilizing but it is very dangerous to mobilize against a signed Law. The Petroleum Industry Act (PIA) has been with the National Assembly for years with […]
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At about 11 am, on Friday, November 12, 2021, there was a buzz among tax aficionados: Muhammad Nami, the Federal Inland Revenue Service (FIRS) boss had been elected the President of the Commonwealth Association of Tax Administrators (CATA). He is the first Nigerian in the history of CATA to be so elected. CATA is an association constituted at the meeting […]
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By Adewole Kehinde A subsidy by definition is any measure that keeps prices consumers pay for a good or produce below market level for consumers or for producers. Subsidies take different forms; these include grants, tax reductions and exemptions or price controls. Others affect prices or cost indirectly such as regulations that skew the market price in favour of a […]
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By Adewole Kehinde The Guardian Newspaper on Sunday, 2nd January 2022 reported that a section of the Port Harcourt refinery in Eleme Local Council Area of Rivers State, currently being renovated at an estimated cost of $5b dollars, was yesterday gutted by fire. I think the Guardian Newspaper needs to send its reporter back to school. I said this because […]
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