Tag Archives: Government

Nigeria to give 10% of oil cash to Niger Delta people

reports the BBC: Nigerian officials are reportedly planning to give 10% of the country’s oil revenues to people in the Niger Delta, an area plagued by insurgencies. Presidential adviser Emmanuel Egbogah told the UK’s Financial Times that the money would go directly to communities, bypassing powerful state governors. Analysts say the government fears local officials… Read More »

How do you revive a country’s industrial sector?

Ban the use of foreign products at official functions and in government offices: Nigeria’s Daily Champion -The Federal Government on Tuesday imposed a ban on the use of foreign beverages at official functions and in government offices. The ban covers tea, coffee, biscuits, fruit juices, water and soft drinks. President Umaru Yar’Adua gave the directive… Read More »

Long road to recovery

Krugman speaking on Finland: Speaking at a forum on Finland’s economic development organised by the Finnish Innovation Fund, Sitra, Krugman said that technically the global economy began to rebound at the end of the summer. He added, however, that unemployment could worsen for up to a year and a half, despite growth. “Prospects for slow… Read More »

Loomnie Friday Link Love 9

$140 per barrel is the appropriate price of crude oil – Rilwanu Lukman, Nigerian Petroleum Resources Minister. Hat-tip to Nigeria, What’s New?. Mr Obasanjo on Hardtalk. The disconnect of the Pope. Are we really in the age of mass intelligence? Individuals give NGOs more funds than donors. The Berlin wall came down 20 years ago… Read More »

The Thing Around Your Neck

I just read in the current edition of Intelligent Life: Adichie’s follow-up to “Half of a Yellow Sun” is a collection of stories about Nigeria’s professional classes ans their struggle to cope with corruption, which infects every aspect of their lives from school exams to hospital treatment. The luckier ones can escape to a new… Read More »