Economy Archives - Page 27 of 69

Jun

12

2024

Peter Obi Speaks On June 12, Says Nigeria Has Deteriorated Into State Capture

Economy, Metro, News, Opinion, PoliticsEconomy, Next Level, Nigeria, Opinion, Peter Obi, Politics

Peter Obi has voiced strong concerns about Nigeria’s democratic progress, claiming that the country has deteriorated into a state of “classical state capture.” The Labour Party presidential candidate in the 2023 general elections, stated this in a statement to mark Nigeria’s Democracy Day celebrations. Reflecting on the nation’s 25 years journey towards democracy, Obi questioned whether Nigeria has truly upheld democratic principles. According to him, while the transition in 1999 seemed promising, the country has since shifted into a system where governance benefits a select few, leading to widespread deprivation. He stressed that true democracy should prioritize the welfare of…

Jun

10

2024

By Amos Oge Kalu

Exchange Rate Scam Version II: Unmasking The New Wave Of Corruption

Column, Economy, Lifestyle, Metro, News, Opinion, Politics2027, Bin Abbas, Economy, Metro, Next Level, Opinion, Politics

By; AMBASSADOR ALIYU BIN ABBAS In a sinister twist reminiscent of past financial malfeasance, the Nigerian government finds itself embroiled in another exchange rate manipulation scandal, dubbed "Exchange Rate Scam Version II." This latest scheme exposes a sophisticated network within the corridors of power, exploiting the black market to engineer illicit gains while plunging ordinary Nigerians into deeper economic despair. A Devious Plot Unveiled The Exchange Rate Scam Version II operates through a cunning strategy: key figures in the Nigerian government, leveraging their influence and insider knowledge, hoard vast amounts of U.S. dollars. These officials then manipulate the black market…

Jun

04

2024

By Amos Oge Kalu

Ajaero And Osifo Trojans Of Now. Thanks To NLC and TUC For Raising The Progressive Bar.

Column, Economy, Metro, News, Opinion, Politics2024, Economy, NLC, Nwaokobia Jnr, Opinion, Politics

Let no one call them names, they have raised the Progressive Bar remarkably high, perhaps the highest since the 2012 Ojota Fuel Hike protestation. Yours sincerely was heavily involved in that siege against Jonathan's Administration (in fact I addressed the rally in Ojota several times through the near two weeks of that popular action), a siege that was supported in cash and kind by the present watchman President Bola Ahmed Tinubu. Against formidable attrition and debauchery, against the threat of jail and imprisonment, against a government that is squandamania oriented, and against a government sold to propaganda and gaslighting, they…

Jun

03

2024

By Amos Oge Kalu

Minimum Wage: Agreement signed between FG and Organised Labour

Economy, Metro, News, PoliticsEconomy, Nigeria, NLC, Politics

The Federal Government and Organised Labour, on Monday night, signed an agreement over the minimum wage controversy. The agreement was signed after a marathon meeting brokered by the Secretary to the Government of the Federation, Senator George Akume. DAILY POST reports that the meeting was convened in response to the nationwide strike which grounded activities across the country. Details of the agreement are below: RESOLUTIONS REACHED AT THE MEETING BETWEEN THE FEDERAL GOVERNMENT AND ORGANISED LABOUR HELD ON MONDAY 3RD JUNE, 2024 Further to the negotiation by the Tripartite Committee on National Minimum Wage (NMW) and subsequent withdrawal of Labour…

Jun

02

2024

By Amos Oge Kalu

Tinubu’s Leadership in Shambles: Damagum Slams President’s Lack of Vision and Anti-People Policies

Economy, Metro, News, Opinion, PoliticsBola Ahmed Tinubu, Economy, Opinion, Politics

The Acting National Chairman of the Peoples Democratic Party, Ambassador Iliya Umar Damagum, has launched a scathing attack on President Bola Tinubu, accusing him of governing without a clear plan and implementing policies that harm Nigerians. In a recent interview on Nigeria Right Now on AIT, Damagum told Dickson Iroegbu that Tinubu's leadership has been catastrophic, citing specific examples of how his actions have negatively impacted the country. He also warned that over 75% of Nigerians are struggling to survive due to Tinubu's misguided policies. Furthermore, Damagum accused Tinubu of being insensitive to the plight of Nigerians, stating that the…