SOFEE BUSINESS RIVIVAL 2017

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NOW THAT APC HAS BECOME 'SUPREME',CAN THE 8TH ASSEMBLY BEGIN BUSINESS?

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When the history of the present political dispensation superintended by the Ruling Party-APC will be written, so many unique developments will be highlighted. One is that the President of the Federal Republic has run this country for the first time as a 'sole administrator'.Never in the history of our a nation have we seen this. Even throughout  the many years of the military rule in our country, including the years of the civil war, no Head of State or President has adopted this style of running Nigeria. As at today, all the Permanent Secretaries of all the ministries and heads of all the several Departments and agencies of government report directly to the President. What a large span of control! Since there are no ministers and no Federal Exective Council (FEC),we have the nearest example of absolute executive power being exercised by one man.    This may not be necessarily bad as it allows the President to take decisions without much arguments and delays. The ci...
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CENTAL BANK OF NIGERIA (CBN) INTERVENTION FUNDS AND THE RESURRECTION OF THE BANKERS EQUITY FUND

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  A couple of days ago I was pleasantly surprised by the announcement that the Central Bank of Nigeria  ( CBN ), has released the modalities for the operation of the 26.87 billion Naira Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS) which was approved by the Bankers Committee at their meeting held in February this year (2017). They agreed under the persuasion of the CBN to set aside 5% of their Profit after Tax (PAT) annually to create an equity fund with which they will invest in Agri-Businesses and Small and Medium Scale Enterprises (SMEs), including start-ups. So soon 26.87 billion Naira has already been raised and an SPV named Bankers Fund Managers Ltd is up and running, geared to begin investing.     I was excited that the CBN is pushing on all sides to provide investible capital to complement the various intervention development loans it has been pushing to help heal a major disease afflicting Nigeria's small businesses - poo...
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FGN: PERFECTING THE ART OF PURSUING SHADOWS

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There is trouble in the land. Anywhere you look there is consternation. The people of Nigeria are unhappy. Government seems to be failing in its critical responsibilities to the citizens. Many Nigerians had very difficult Christmas and new year celebrations because of a suffocating fuel scarcity. President Muhammadu Buhari (PMB) threatened to find out the so called saboteurs who caused the terrible fuel scarcity that disrupted the peace of most Nigerians over the Christmas / New year celebrations and to punish them severely. He made this threat in his new year address to the Nation on the 1st of January 2018. Firstly, I was not minded to take him seriously as it is common for government officials to manufacture " enemies" to explain away their failures. Sometimes the threats are merely empty threats, just made to give the citizens false comfort as nothing happens thereafter. For example, look at the several threats issued by government after each orgy of violence by maraudin...
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