Dr. Chukwuemeka Ezeife,
former governor of Anambra State, in this interview, says for the unity
of Nigeria not to be negotiable, there must be restructuring of the
country. He also accuses President Muhammadu Buhari of pushing Ndigbo
out of the country and also corrupting the constitution of Nigeria.
Excerpts:
Read more at: http://www.vanguardngr.com/2016/07/buhari-pushing-ndigbo-hard-leave-nigeria-ezeife/
Read more at: http://www.vanguardngr.com/2016/07/buhari-pushing-ndigbo-hard-leave-nigeria-ezeife/
Dr. Chukwuemeka Ezeife,
former governor of Anambra State, in this interview, says for the unity
of Nigeria not to be negotiable, there must be restructuring of the
country. He also accuses President Muhammadu Buhari of pushing Ndigbo
out of the country and also corrupting the constitution of Nigeria.
Excerpts:
Read more at: http://www.vanguardngr.com/2016/07/buhari-pushing-ndigbo-hard-leave-nigeria-ezeife/
Read more at: http://www.vanguardngr.com/2016/07/buhari-pushing-ndigbo-hard-leave-nigeria-ezeife/
Dr. Chukwuemeka Ezeife,
former governor of Anambra State, in this interview, says for the unity
of Nigeria not to be negotiable, there must be restructuring of the
country. He also accuses President Muhammadu Buhari of pushing Ndigbo
out of the country and also corrupting the constitution of Nigeria.
Excerpts:
Read more at: http://www.vanguardngr.com/2016/07/buhari-pushing-ndigbo-hard-leave-nigeria-ezeife/
Read more at: http://www.vanguardngr.com/2016/07/buhari-pushing-ndigbo-hard-leave-nigeria-ezeife/
Dr. Chukwuemeka Ezeife,
former governor of Anambra State, in this interview, says for the unity
of Nigeria not to be negotiable, there must be restructuring of the
country. He also accuses President Muhammadu Buhari of pushing Ndigbo
out of the country and also corrupting the constitution of Nigeria.
Excerpts:
Read more at: http://www.vanguardngr.com/2016/07/buhari-pushing-ndigbo-hard-leave-nigeria-ezeife/
Read more at: http://www.vanguardngr.com/2016/07/buhari-pushing-ndigbo-hard-leave-nigeria-ezeife/
The Federal Government remains hopeful of an economic revival, its finance minister said, even as the country slides into recession, reports FT.
Low global oil prices have helped push Africa’s
biggest economy into its worst economic crisis in decades. But many
economists believe policies adopted by the central bank during the first
year of Muhammadu Buhari’s presidency exacerbated the problem.
Gross
domestic product shrank 0.4 percent in the first quarter while
second-quarter growth figures expected this week are expected to
reflect a deepening crisis due mainly to lower oil receipts amid
militant attacks in the Niger Delta.
Kemi Adeosun, the country’s
finance minister, told the Financial Times that the government did not
dispute the IMF’s forecast last week that the economy would contract 1.8
percent. “We’re simply saying that we have a very credible plan for
dealing with the challenges we are facing, which we’ve been very honest
about,” she said.
Although Adeosun thinks “there is still a long
way to go”, the government is convinced that “diversifying and
repositioning” the oil-dependent economy will bear fruit.
Part of
that diversification includes the agricultural sector, where a boost in
output is expected this year. “Aggressive” management of food price
inflation, which includes low cost loans to farmers and improved
distribution of fertiliser, will help bridge the shortfall in oil
revenues.
The Buhari administration’s strategy also envisions heavy spending on infrastructure projects to jump-start growth.
Adeosun,
a former investment banker, said the delayed passage of the 2016 budget
had stalled the start of those projects to the fourth quarter. By then,
she said, Nigeria would have secured funding from abroad for the record
N6.1 trillion ($21.4 billion) budget, quashing concerns that funding
would not be available in time for the projects to begin this year.
The central bank’s decision last month to remove a 16-month-old peg
on the value of the naira is the signal that international lenders,
including the World Bank, have been waiting for, she added.
“What was delaying [budget support loans] was a lack of flexibility in the exchange rate?…?we now have that.”
The
finance minister said she would on Wednesday meet the World Bank to
finalise Nigeria’s “policy support document” needed to complete its
application for funds to help plug the $11 billion budget deficit.
Investors
have also viewed the greater flexibility in the foreign exchange market
as a step in the right direction. But restrictions on hard currency
allocation to import raw materials are still hurting manufacturers and
leaving investors hesitant to bring their money back in.
Amid the
slowdown, the Federal Government is closely monitoring the spending of
the 36 state governments, which have a poor reputation for fiscal
discipline. “We’re replicating the same good housekeeping we’re doing at
the federal level”, she said.
The government has recently
introduced “credit enhancement facilities” for the state governments,
which have struggled to pay salaries on time this year.
She said
this was critical because “if the public sector doesn’t get paid, you
have this complete slowdown in demand”, given that in many states “there
is no private sector” and the government is the largest single
employer.
“We’re on track. It’s painful, it’s tough. But there isn’t an alternative.”
Dr. Chukwuemeka Ezeife,
former governor of Anambra State, in this interview, says for the unity
of Nigeria not to be negotiable, there must be restructuring of the
country. He also accuses President Muhammadu Buhari of pushing Ndigbo
out of the country and also corrupting the constitution of Nigeria.
Excerpts:
Read more at: http://www.vanguardngr.com/2016/07/buhari-pushing-ndigbo-hard-leave-nigeria-ezeife/
Read more at: http://www.vanguardngr.com/2016/07/buhari-pushing-ndigbo-hard-leave-nigeria-ezeife/
Dr. Chukwuemeka Ezeife,
former governor of Anambra State, in this interview, says for the unity
of Nigeria not to be negotiable, there must be restructuring of the
country. He also accuses President Muhammadu Buhari of pushing Ndigbo
out of the country and also corrupting the constitution of Nigeria.
Excerpts:
Read more at: http://www.vanguardngr.com/2016/07/buhari-pushing-ndigbo-hard-leave-nigeria-ezeife/
Read more at: http://www.vanguardngr.com/2016/07/buhari-pushing-ndigbo-hard-leave-nigeria-ezeife/