Showing posts from December, 2013


For over a week now, our airports and motor parks are overflowing with passengers. People are hustling and pushing to get a seat to travel out to the States to spend the Christmas and New Year holidays with their folks. A friend of mine was struggling to get a ticket to Calabar on his way to Calabar Carnival and then on to Obudu Cattle Ranch. If you live in Lagos you will have noticed that the traffic situation has gotten so terrible in the last two weeks and I am wondering what the matter is. During this week, I was in Abuja and I could not distinguish Abuja from Lagos when it came to traffic congestion. Where have all these cars come from? Are they owned by ghosts or aliens? Are the drivers on sightseeing? They must be pursuing economic activities and that can only happen where something is happening. But if you read the headlines in our Newspapers or some of the commentaries, you are encouraged to think that nothing is happening in Nigeria, except of course Poltics. Yes Politics,
NIGERIA'S 2014 ECONOMY: DEBOTTLING THE BOTTLENECKS Early in the week, the Minister of Finance and the Coordinating Minister for the Economy(CME), Dr. Ngozi Okonjo-Iweala held a top level interaction with the creme of the private Sector in Lagos midwifed by the Nigerian Economic Summit Group(NESG). She made a presentation about the performance of the Economy in 2013 so far and gave some insight into Government thinking for 2014. In my view I think that her presentation was balanced. The statistics which she reeled out, generally agreed with the report just released by the IMF following their recent article 4 review and consultations with the Government of Nigeria. The Economy has been growing in GDP at decent and competitive rate,in the 7% range, though below the the 9-11% recommended for Vision 2020. Inflation has decelerated to single digit( below 9%), which to me is a feat which needs to applauded, given where we were coming from in the last coupl


MANDELA NELSON MADIBA(1918-2013): A METAPHOR FOR TRUE LEADERSHIP The World has seen Men and Leaders but Nelson Mandela is a type. It is indeed true that some of the worst leaders the World has known come from Africa and generally when the World wants to give examples of bad political leadership, they go quickly to Africa. From the Mobutus to the the Idi Amins; from the Muamar Ghadafis to the Abachas, Africa is replete with poor leadership, especially in the political arena. But thank God that Africa, black Africa that is, has produced to my mind the greatest Leader of Modern History ( if you prefer one of the greatest, I hold no grudge). Nelson Mandela born 95 years ago on July 18, 1918, died this Thursday December 4, 2013 and the World lost a man, a leader in the truest sense. He was educated and comfortable, a lawyer, but chose to devote his life to fighting for freedom and went to jail for 27 years(1964-1990) to achieve his vision for his native South Africa. What was more,


2014: THE GLOBAL REALITIES OF A PACIFIST AMERICA    There can be no denying the fact that President Obama is leading America away from war and cowboy combative stance to a more pacifist and diplomatic conduct of global affairs. President Obama rode on the back of battle-weary Americans to the White House. His predecessor had pursued Alqueda to Afghanistan and got embroiled in a physical combat they could never win, depending of course on the definition of victory in this matter. Is it when Alqueda surrenders or when their key leaders are killed or when the rebels are driven out of the critical Afghanistan territory. Looking for whom to hit as immediate retaliation of the humiliation of America by Alqueda terrorists who invaded the 'all powerful' America' on the 11th of September,2001,President Bush went after Saddam Hussein and Iraq. America visited its fury on Iraq as a 'wounded' lion. May be it would have been wise for America to have departed after the fall