OLU IBEKWE

Federal government has to pay up its domestic debts if it wants to see Nigeria out of economic recession, says CBN Governor When Central Bank of Nigeria (CBN) Governor, Godwin Emefiele , took the microphone this week, he wasted little time in throwing the Muhammadu Buhari led federal government under the bus. The CBN held a two-day meeting to review its monetary policy instruments, on Tuesday. At the end of the meeting, the apex bank retained its Monetary Policy Rate (MPR) at 14 percent; its Cash Reserves Ratio at 22.5 per cent and its  Liquidity Ratio at 30 percent. In retaining all its instruments, Emefiele said the CBN saw no need to change anything because the problem with Nigeria's economy isn't with its monetary policies but with the fiscal policies of the federal authorities. MPR refers to the minimum rate banks are allowed to borrow from the CBN. Fiscal policies have to do with federal government spending and taxes. On Monday, the National Bureau of Stat...

– Ex-lawmaker Dr. Junaid Mohammed has described President Muhammadu Buhari’s govt as shameless for saying Nigerians will support him in 2019 – Mohammed says Buhari’s govt is power-hungry, hypocritical and corruption-ridden for talking about 2019 even without no achievements after one and half year in office Dr. Junaid Mohammed, a second republic member of the House of Representatives, has slammed the government of President Muhammadu Buhari for saying Nigerians will rally behind the president in 2019, Vanguard reports. Recall that the presidency on Monday, November 21, dismissed suggestions that the masses will dump President Buhari in 2019, saying it’s unfounded and utterly ridiculous. But in a swift response on Tuesday, November 22, Mohammed said it is shameful that Buhari’s government is already talking about 2019 even without no achievements after one and half year in office. Mohammed said: “It is very unfortunate and shameless that a government that is yet to do anythin...

– Olusegun Obasanjo says it is tiring to hear the complaints of the Buhari administration when it was voted in to change the mistakes of the past – Obasanjo says the president also does not need the $30billion foreign loan to turn Nigeria’s economic fortunes around Former president Olusegun Obasanjo has attacked President Muhammadu Buhari for dwelling too much on the past and failing to turn around the fortunes of the country. Premium Times reports that while delivering the keynote address at the First Akintola Williams Annual Lecture in Lagos on Wednesday, November 23, Obasanjo lashed at the Buhari administration for accusing all previous administrations of mis-governance. He advised that since Buhari was elected to change the country, he should concentrate on clearing the mess he inherited. “Now that we have had change because the actors and the situation needed to be changed, let us move forward to have progress through a comprehensive economic policy and programm...

The United States Agency for International Development (USAID) has awarded a total of $4 million to eight startups that are revolutionizing household solar power across Africa through the  Scaling Off-Grid Energy: Grand Challenge for Development. The announcement was made by Power Africa Coordinator Andrew M. Herscowitz at the 22nd session of the UN Climate conference (COP 22) “The Grand Challenge for Development is designed to support innovators like these eight companies who are scaling up their inventions,” said Herscowitz. “The options for powering your home and business are changing, and these types of innovations will create opportunities to transform the power sector in homes across the planet,” he said. The Scaling Off-Grid Energy Enterprise Awards provide seed funding to solar start-ups to support geographic expansion throughout Africa, test new business models and tap into private and public financing. It is expected that The Ent...