IN THE ANALYSIS

The week ahead – Far from a happy Valentine’s

A lack of confidence in the ability of the political class to deliver on their promises, or to safeguard their life-savings has led to growing opposition to the FG’s plan to borrow ₦2 trillion of the ₦10 trillion in the Contributory Pension Scheme to finance an ambitious infrastructure programme. While the United Labour Congress is unequivocal in its submission that the future of Nigerian workers cannot be guaranteed “if a large chunk of pension funds are controlled by crass, profligate and often insensitive politicians famous for their careless handling of public funds,” the Nigeria Labour Congress reminded that the Contributory Pension Scheme, which came into being in 2004 is fully funded by workers and employers, and privately managed by Pension Fund Administrators (PFAs), adding that the funds are in the individual Retirement Savings Account (RSA) of beneficiaries. The Nigeria Employers’ Consultative Association also expressed concern for the government’s plans, calling it was unthinkable for the government to borrow from the pension fund when the citizens have not felt the impact of the mounting debt of government at all levels. Islamists have killed at least 30 people and abducted women and children in a raid. Most of the victims were travellers ...
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ANALYSIS

The week ahead – The National Assembly will anger Nigerians more

This week, the National Assembly adjourned sitting and went on ...
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The week ahead – Forex issues will cause more outrage, Buhari, beware of Deby

The economic outlook for Nigeria shows mixed signals that are ...
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The week ahead – Expect a revenue, and maybe power dip, as Shell pipeline leaks

The economic uncertainty continues with banks and the CBN agreeing ...
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The week ahead – Buhari must really begin to change things

President Buhari responded to the threat of the Niger Delta ...
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The week ahead – The Niger Delta edges towards restiveness

President Buhari's state visit to Washington was described by aides ...
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The week ahead – Security will remain the concern, but the economy is under strain

Last week saw Boko Haram unleashing more suicide bombings across ...
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What do we expect from Buhari’s security team?

In a long awaited announcement, President Muhammadu Buhari yesterday announced ...
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The week ahead – More suicide bombings ahoy

More suicide bombings on the way The government of President ...
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The week ahead – Stock up on petrol

June 29th, 2015 marked exactly 30 days since Muhammadu Buhari ...
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What is Nigeria’s diversification objective

In presenting the 2015 Budget to the national assembly, the ...
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