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 – Holding on

President Muhammadu Buhari has said that the inability of Nigeria ...
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Will the Eco work?

Finance ministers and central bank governors of 15 West African ...
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The week ahead – Shuffling cards

The European Union Observer Mission has said that Nigeria’s 2019 ...
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The week ahead – Watch the cracks

Former Imo governor, Rochas Okorocha, was issued a certificate of ...
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The week ahead – Black oil

The Senate Committee on Petroleum Downstream said the country spent ...
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The 2019 elections, a recap

In the wake of the 2019 general elections, Nigeria had ...
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The week ahead – Here and present

The Economic and Financial Crimes Commission is investigating MTN Nigeria ...
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The week ahead – Finding the right value

Nigeria’s economy expanded more slowly in Q1 2019 than in ...
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The Week Ahead – Due process is important

17 out of 36 states in Nigeria are insolvent as ...
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Second term for Emefiele: More of the same

Not since the tenure of Abdulkadir Ahmed who served from ...
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The week ahead – Smokescreens

The Financial Times says that the cost of servicing government ...
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The SBM Jollof Index – Cheap food should be a strategic imperative

Since 2015, SBM Intelligence has tracked the prices of key ...
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The week ahead – Depressing reading

The United Nation Population Fund has estimated Nigeria’s population to ...
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The week ahead – New and improved challenges

President Muhammadu Buhari has signed into law the Minimum Wage ...
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The week ahead – Half measures

The Chief Justice of Nigeria, Walter Onnoghen has resigned following ...
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Translating the IMF report on Nigeria

The IMF issued its 2019 Article IV Consultation Staff Report ...
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The week ahead – Stagefright

The national leader of the All Progressives Congress, Bola Tinubu, ...
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How an amended Electoral Act may have affected the 2019 elections

Towards the end of 2018, the Senate passed an amended ...
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The week ahead – Diagnosing the wrong ailment

Last Friday, the Osun 2018 election petitions tribunal declared Senator ...
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The week ahead – Giving with the right and taking with the left

The Senate has approved the ₦30,000 new national minimum wage ...
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The week ahead – Stick to the word

President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation ...
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The week ahead – An unwelcome sequel

The leadership of the National Peace Committee met with President ...
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The week ahead – The die is cast

President Muhammadu Buhari won a second term to lead Nigeria, ...
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Setting an agenda for Buhari’s second term

No doubt President Buhari needs to catch his breath after ...
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