The Fight To Save The Naira Can Not Be Fought By The CBN Alone, It Needs A Fiscal Backup

For months the Nigerian Central Bank has been fighting a solo battle to ensure that the Naira does not collapse as speculators fret over the decline in oil prices. It has refused to provide FOREX for the importation of some commodities and it has also tightened the currency outflows too. It has kept interest rates...

Why Are There No Much Nigerian Apps on the Apple and Android App Stores?

Whenever I have a feeling that something good is being underutilised, I always like to raise the question and then introduce some hypothesis. The Android and Apple app stores have been around for years. A lot of developers have built apps for either or both platforms and have reaped bountiful benefits for their endeavours. And...

LAPO Microfinance Bank is A Devilish Loan Shark

The Nigerian banking system has always been tagged as a system that retards rural development and is harmful to SMEs. Several examples exist to underscore this, ranging from the high interest rates on loans, refusal to give loans without collateral, and absence of moratorium when loans are given out. Big banks are typically guilty of...

Public Secondary School Students in the South West Are Producing More Thugs than Students

For all the development and advancements the South West region has recorded for decades, it surprises me that education remains a big challenge for this region. The region is by far the most successful, stable and developed and enlightened of all the regions in the country. Yet, educationally it has a serious problem. This baffles...

Why Do Rich Muslims Hardly Marry More Than One Wife?

Disclaimer: I'm not a Muslim In the Islamic religion, it is permitted for a man to marry more than one wife. Though the Koran was written centuries ago when such practice was more sociable, the Holy Book is seen as timeless, so the idea has lived into the present era. However, a cursory look at...

Every Nigerian is Focusing on the Federal Govt: What About the State Govt and Local Govt?

Nigeria is a country that constitutionally has a power structure devolved among 3-teirs of government. The Federal government occupies the top position, followed by the state, and then the local government. Also, each tier os government has its constitutionally stipulated roles. Everybody in Nigeria knows that these 3-tier form of government exists. Yet nobody cares,...

So Fake News Is A Major Problem: What Could Be Done?

One my Facebook friends asked this question yesterday. He thought technology could help tackle the problem. But I doubt it. Here's what I said: Hmmm. It's a very difficult problem to solve if left for technology alone. Why? Algorithms were the main reasons why fake news got to people in the first place. Facebook's Social...

Nigeria’s Economic Crisis: What’s The Way Forward?

Since the beginning of 2015, the value of the Naira relative to the Dollar, has taken a nosedive. Yet, this disparity says nothing about the desirability of the Naira within Nigeria. But there are some who still view the fall of the Naira as detrimental to our national; and are holding PMB tn an alleged...

Why We Should Not Think of Nigeria As A Global Power

This article is in stern response and rejection of the recently published research by the ISS, which claimed that Nigeria is on the path to becoming a global power. To begin with, what is a global power? Who are the current global powers and why them? Global power is a state powerful enough to influence...