Editorial

THE decision by the Central Bank of Nigeria (CBN) on the use of Naira debit and credit cards abroad raises some important issues which must be addressed in the interest of the nation’s economy. Nigeria has since 2013, become the largest importer of U.S. dollar due largely to importation of cash by deposit money banks…

THE death of Alhaji Muhammadu Dikko Yusufu (MD Yusufu) has further constricted the rapidly shrinking class of eminent Nigerian senior citizens who served the nation well.

THE plethora of conferences, workshops, seminars, all with the incontrovertible diagnosis of a failure to develop institutions as the major bane of Nigeria’s efforts at development, is the greatest advertisement of a nation long on ideas, but short on implementation.

NOTWITHSTANDING the offence committed, the recent summary dismissal of the Inspector General of Police, Mr. Suleiman Abba, by President Goodluck Jonathan, without any disclosed official reason, is truly hard to swallow; for it is another display of executive fiat that could undermine the sensibilities of Nigerians.

GIVEN the danger they constitute to the economy in general and the banking industry specifically, chronic debtors deserve the shame posture, which the Central Bank of Nigeria (CBN) is now adopting. The banking industry is too crucial to the economy for the kind of abuses currently believed to be going on in that sector

WITH last weekend’s conclusion of some suspended parliamentary and governorship elections in some states, Nigerians and the international community would be correct to come to the conclusion that the 2015 general elections have ended on a laudable note, and that in spite of some challenges, a new culture has evolved for the entrenchment of democracy in Nigeria.

THE just-abating xenophobic attacks on fellow Africans by their South African hosts are not only barbaric, but also destructive to the ties that bind brothers and sisters across the continent.

THE recent revelation by the National Tuberculosis and Leprosy Control Programme (NTBLCP) that 600,000 new cases of tuberculosis (TB) currently rage in Nigeria should put all citizens on the alert.

IT bears repeating the cost of governance, whereby about three-quarter of the budget is devoted to recurrent expenditure largely consumed by the people in government, is both unconscionable and unsustainable.

IT is quite re-assuring that President-elect, Muhammadu Buhari, has spoken at different fora since being declared winner of the poll on the platform of the All Progressives Congress (APC), especially on the desire of the incoming administration to enthrone financial accountability and defeat corruption, unemployment, as well as indiscipline in all areas of national life, a phenomenon, which in his analysis, three decades ago ‘is the main problem of Nigeria’.

THE call by the Cement Producers Association of Nigeria (CPAN) on the President-elect, Muhammadu Buhari, to slash the price of cement from the current N2, 200 to N1, 000 per bag would seem improbable because it flies in the face of law of demand and supply.

NIGERIA’S oil industry is bedeviled by numerous challenges which the incoming Muhammadu Buhari administration must tackle headlong if the resource is to serve Nigerians and enable the nation offset its bills and still have savings. Some of the challenges are self-imposed.