Category Archives: Governance

The case for imposing broad-based sales taxes in the states

The Nigerian sub-national economies have always had cashflow problems, which have become acute in the last two years. With very few exceptions, the states are finding it difficult to pay workers and pensioners. Between four to 12 months’ – or … Continue reading

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VAIDS and the need for effective tax administration in Nigeria

As part of efforts to improve non-oil revenue amid a global outlook of low oil prices, Nigeria’s Acting President, Yemi Osinbajo, recently signed an Executive Order (EO) on the Voluntary Asset and Income Declaration Scheme (VAIDS). The main objective of … Continue reading

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Sports as part of Nigeria’s economic diversification

During my childhood and teenage years, my younger brothers and I were very fond of soccer. From Barnawa Housing Estate, Kaduna to Airport Road, Kano and Okumagba Estate, Warri where we lived, soccer was the most popular and the most … Continue reading

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Made-in-Aba, gum arabic and Nigeria’s economic development

During my childhood, Aba-made or made-in-Aba was a popular cliché amongst Nigerians. The phrase referred to any locally made product believed to be cheap and inferior in quality. As a matter of fact, when you got to the market, it … Continue reading

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Muted dividends of procurement reforms in Nigeria

A Nigerian company I am acquainted with recently contacted an office of a state government to enquire about the process of doing business with the government. The company was directed to visit the Ministry of Works to collect a form. … Continue reading

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South Korea and Samsung provide the way forward for Nigeria

In October, Samsung had to permanently discontinue the production and sales of its flagship Galaxy Note 7 smartphones. The decision was taken after several recalls of the phones due to complaints of exploding batteries and incidents of the phones catching … Continue reading

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Sovereign Wealth Funds as Cushion for Lean Purse

The federal government and its federating units are presently facing massive cash crunch due to the sharp decline in oil prices. The country has for decades depend solely on the revenue from oil sales. The federating units send their representatives … Continue reading

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Social Enterprises- A Catalyst for Socio-Economic Growth

A country with a myriad of social ills like ours deserve a vibrant social economy that can solve its social problems. Our social economy can only be revolutionized by innovative and creative social entrepreneurs. Social entrepreneurs establish social enterprises which … Continue reading

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Ori Yato S’ori

In Yoruba culture, Ori, literally meaning “head” refers to one’s spiritual intuition and destiny. It is the reflective spark of human consciousness embedded into the human essence, and therefore is often personified as an Orisha (god) in its own right. … Continue reading

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Nigeria should focus more on Local Direct Investment

Over the past decade, Nigerian government officials have acquired great admiration for foreign direct investment, also known as FDI. There has been a lot of junketing abroad, supposedly to attract FDIs into the country. Actually, FDI has been rising in … Continue reading

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