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Nigeria Or President Jonathan’s Cabal?

On January 8, 2012, I watched live as Prophet TB Joshua warned President Jonathan to allow Nigerians to talk some more about fuel subsidy rather than go ahead with removal of the subsidy, for which or...

Confessions of Hardliners on Fuel Subsidy Removal

Everyone, young and old alike felt the impact of the fuel subsidy removal and nationwide strike that accompanied the implementation. The consequences of the policy which took effect from January 1, 20...

Oil subsidy, Government & Labour unions - The sweet-bitter pill.

The furore that has been ongoing about the removal of subsidy has shown the dogmatism, hypocrisy and inability of the key players and so-called stake-holders to articulate the key facts of the situati...

Excess Crude: How They Share N143.6bn in December 2011

The Economic Confidential provides here the table of the distribution of N143.6bn from Foreign Excess Crude savings account being difference between the budgeted & actual receipts of revenue which...

Federation Account: How They Share N783bn in December 2011

The Economic Confidential magazine provides here the distribution of a total sum of 783 billion being the statutory and VAT allocations shared to all tiers of government at the December 2011’s meeting...

Fuel Subsidy Pallatives and Past Rhetoric on Debt Relief in 2005

Similar promises were made in 2005 over debt relief as the administration of President Goodluck Jonathan has now listed a number of palliatives to cushion the harsh impacts of the fuel subsidy withdra...

Labour Strikes: Expect Many More, Unless …!

It would be mischief on the part of this column if we subscribed to the bandwagon of elitist Nigerians whose stock in trade is the creation of false hope of a better year ahead at the end of every dis...

The Real Cost Of Nigeria Petrol

On December 10, 2011, if you stopped at the Mobil filling station on Old Aba Road in Port Harcourt, you would be able to buy a litre of petrol for 65 naira or $1.66 per gallon at an exchange rate of $...

Why Fuel Subsidy Removal is Necessary- President Goodluck Jonathan

A week ago, I had cause to address Nigerians on the security challenges we are facing in parts of the country, which necessitated the declaration of a state of emergency in 15 Local Government Areas i...

IBB's Position on the Removal of Fuel Subsidy and Other Matters

State of the NationEvents happening in the country in recent times have once again called for serious concern by all Nigerians in view of our peculiar history, political orientation and the dynamics o...

Traps in Sovereign Wealth Fund

Let me state right away that I am not in favour of the establishment of the so-called Sovereign Wealth Fund (SWF). Yet, I believe in planning and saving for the future.

Still on Agricultural Potentials from Oil Revenue

Prior to the discovery of crude oil at Oloibiri Oilfield in Niger Delta in 1956, Nigeria had showed a remarkable record as one of the major exporters of agricultural produce across African continent. ...

NDIC Launches Special Help Desk for Microfinance Banks

NDIC LAUNCHES SPECIAL HELP DESK FOR MCROFINANCE BANKSThe Nigeria Deposit Insurance Corporation (NDIC) has established a Special Help Desk for depositors, employees, shareholders and other stakeholders...

Re: Where I Stand on Fuel Subsidy- Reaction to Sanusi Lamido Sanusi

Mr. Sanusi's arguments in favour of the removal of the subsidy are as cogent as they are clear to understand, considering he has not employed any economic jargons in his discourse.

Re: Where I Stand on Fuel Subsidy -An Online Reaction to Sanusi Lamido Sanusi

This is a rejoinder to Sanusi Lamido Sanusi by Ibrahim Sanyi-Sanyi in an online group:Malam SLS, Thanks for taking out time to share your thoughts on fuel subsidy removal policy of the FG.

Lies About Fuel Subsidy Removal

I urgently appeal to Nigerian labor, organized civil society, national assembly, and indeed all Nigerians to listen to me. I request Nigerians who either have agreed or are considering agreeing with g...

Fuel Subsidy: Sanusi Lamido, Please Stay Off Debate

It is difficult to justify the removal of this subsidy. Personally, i believe that the Nigerian government can afford the 220billion or so required to sustain it on behalf of its people. That is just ...

NEMA: Disaster situations in 2011 and beyond

The year 2011 wrapped up on disastrous note with the occurrences of separate deadly explosions on Christmas morning that claimed many lives in Madala, near Abuja and Damaturu in Yobe State.




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Igbo-Niger Delta versus Arewa-Yoruba on Fuel Subsidy: On Whose Interest?

Igbo-Niger Delta versus Arewa-Yoruba on Fuel Subsidy: On Whose Interest?

At a period Nigerians from different ethnic groups and religious backgrounds were united in a nationwide protest against fuel subsidy removal and corrupt practices in the oil sector some ethnic groups...

Budget 2012 - Broke country, Expensive Leaders

Budget 2012 - Broke country, Expensive Leaders

The attempt by President Jonathan to withdraw the 'fuel subsidy' largely to raise revenues for a wasteful government united Nigerians across ethnic, religious and social strata for over a week.

Nigeria: A Nation of Strong Believers

Nigeria: A Nation of Strong Believers

ON Christmas day, a bomb exploded at St. Theresa’s Catholic Church, Madalla, in Niger State, killing over thirty people and wounding a significant number of other innocent citizens who had come to wor...

The 7 Hardliners behind Fuel Subsidy Removal

The 7 Hardliners behind Fuel Subsidy Removal

The issue of removing fuel subsidy arising from total deregulation of the downstream petroleum sub-sector may have created a serious challenge for the initiators and promoters who have engaged the wid...

Where I Stand on Fuel Subsidy- By Sanusi Lamido Sanusi

Where I Stand on Fuel Subsidy- By Sanusi Lamido Sanusi

This is an email response of Sanusi Lamido Sanusi to selected online groups, including the Economic Confidential over the removal of fuel subsidy. Some selected rejoinders and reactions to his positio...

Facts and Nagging Questions on Fuel-Subsidy Removal

Facts and Nagging Questions on Fuel-Subsidy Removal

The recent abrupt subsidy removal, now increasingly dubbed deregulation in the downstream petroleum industry, is posing new challenges both to the Nigerian citizenry (in terms of direct increase in fu...

Economic Confidential @5: Thanking You All

Economic Confidential @5: Thanking You All

Economic Confidential @5: Thanks for PatronagesThe Economic Confidential wishes to express its sincere appreciation to all its readers within and outside Nigeria for their loyalty over the past five y...

Gimba Kumo: A Mortgage Banker’s Dream for Affordable Houses

Gimba Kumo: A Mortgage Banker’s Dream for Affordable Houses

Since his appointment as the Managing Director, Federal Mortgage Bank of Nigeria (FMBN) Gimba Ya’u Kumo has been actively engaged in ensuring that Nigerians derive optimum benefits from the mortgage i...

Resource Allocation and Economic Potentials in the North

Resource Allocation and Economic Potentials in the North

Agreed, the 1963 constitution advocated, provided for and applied the principle of Derivation. Its insertion must be informed then by the period of learning and gaining experience of living together a...

In Nigeria, Boko Haram Is Not the Problem- American Professor

In Nigeria, Boko Haram Is Not the Problem- American Professor

GOVERNMENTS and newspapers around the world attributed the horrific Christmas Day bombings of churches in Nigeria to “Boko Haram” – a shadowy group that is routinely described as an extremist Islamist...

Giving Nigerian Corruption the Chinese Pill

Giving Nigerian Corruption the Chinese Pill

Mr. Tortoise was going on a journey, his wife asked him when he would come back; he replied he would not come back until he has been disgraced.On November 9, 2011: A city official convicted of graft w...

That Obasanjo’s Bombshell on the economy

That Obasanjo’s Bombshell on the economy

  At a recent advocacy workshop organized by the Revenue Mobilisation Commission (RMAFC), on the need for economic diversification and revenue generation, in Abeokuta, former President Olusegun Obasa...

The Ranking of Nigerian Banks by Shareholders Funds

The Ranking of Nigerian Banks by Shareholders Funds

The Economic Confidential has discovered that before the intervention of Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) in the banking sector in 2011, as at December 20...

Nigeria: National Honours Awards 2010 and 2011

Nigeria: National Honours Awards 2010 and 2011

The Federal government of Nigeria has released the list of 2010 and 2011 National Honours Award recipients. The Economic Confidential has discovered that over 80% of the awardees came from the public ...

2015 President In The Waiting: Who Amongst These Men?

2015 President In The Waiting: Who Amongst These Men?

The government and political parties not only pretend but deliberately ignore underground campaigns for the next Presidential election. With the Jonathan’s six year single tenure still hanging on the ...

Media Outfit Offers N1 mililion for Baba Suwe's Shit Story

Media Outfit Offers N1 mililion for Baba Suwe's Shit Story

After excreting three times in seven days under strict surveillance and without any trace of hard drug in the excreta of a popular Nigerian comedian, Babatunde Omidina a.k.a Baba Suwe, Image Merchant ...

The Amazons in the Cabinet of President Jonathan

The Amazons in the Cabinet of President Jonathan

Amazons are a nation of all-female warriors in Greek mythology and Classical antiquity reputed to have lived in Scythia. Modern usage of the word Amazon refers to a tall, aggressive, powerful and stro...

Federation Account: How They Share N1.5 trillion in July 2011

The Economic Confidential magazine has obtained a confidential document on ‘triple allocations’ that were disbursed to the three tiers of government in July 2011 during the monthly meeting of the Fede...

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RMAFC Charges NNPC, Others to Stamp Out Oil Theft

10-2011 | Economic Confidential The Chairman of Revenue Mobilization Allocation and Fiscal Commission(RMAFC), Engr. Elias Mbam has charged the Nigerian National Petroleum Corporation(NNPC) and other stakeholders to stamp out oil the...

Toll Gates Return on Highways Soon - Minister of Works

09-2011 | Economic Confidential The Minister of Works, Arc. Mike Oziegbe Onolememen in this interview discloses some new developments in his ministry as regards the Transformational Agenda of President Goodluck Jonathan after his 10...

In Profile

Isa B. Sali, Oon: The Chief of Federal Civil Servants

12-2011 | Labaran Saleh   Alhaji Isa Bello Sali, OON, was born on 23rd March, 1953 in Mubi, Mubi North Local Government Area of Adamawa State. He attended Demonstration School Mubi and Government Secondary School, Ganye b...

Marie Francoise: The New Director of World Bank in Nigeria

11-2011 | Economic Confidential She just resumed in Nigeria and the first remark from her was a genuine and sincere advice to the government. She admonished the Federal Government to handle the issue of oil subsidy removal with caut...

National News

Fuel Subsidy Pallatives and Past Rhetoric on Debt Relief in 2005

Similar promises were made in 2005 over debt relief as the administration of President Goodluck Jonathan has now listed a number of palliatives to cushion the harsh impacts of the fuel subsidy withdrawal...

Why Fuel Subsidy Removal is Necessary- President Goodluck Jonathan

A week ago, I had cause to address Nigerians on the security challenges we are facing in parts of the country, which necessitated the declaration of a state of emergency in 15 Local Government Areas in...

NEMA: Disaster situations in 2011 and beyond

The year 2011 wrapped up on disastrous note with the occurrences of separate deadly explosions on Christmas morning that claimed many lives in Madala, near Abuja and Damaturu in Yobe State.