I read with deep thoughts, the letter from Olusegun Obasanjo, a General and veteran of the Nigerian Army; a former president and veteran of the Nigerian politics who may have willfully dug a gulf between himself and the current president, His Excellency, President Goodluck Jonathan.
The letter dated December 2, 2013 hit the tabloids on December 12, 2013 and it was an avalanche of allegations against Mr. President: Allegations that were not only weighty but were also crafted as if by the scriptural serpent who “beguiled” the woman.
In spite of the abundant incentives that nature bestowed on Nigeria, the real sector of the economy has failed to live up to its expectation. Nigeria is at the receiving end of global trade distribution inefficiency. This is also a function of high cost of doing business in our own market as well as low application of technologies. The policy of buying made-in-Nigeria goods is still at the lowest ebb. A typical Nigerian market is crammed with over 80% foreign produce.
The final Foreign Account Tax Compliance Act (FATCA) regulations issued in the United States of America on January 17, 2013, outlined far-reaching new U.S. tax compliance obligations effective January 1, 2014 and potential legal conflicts that have been frightening financial institutions in the African region.
Education! Is education the exposition of the mind of an individual to the body of knowledge, as approved by the particular curriculum of a Government, a parent or a society? No! Education is the determination of an individual to continue to learn, until he knows that he knows that he knows, even though he knows that, that day will never come when he knows all that there is to know. That is Education!
By Eben Farheed Joels
Given all the economic challenges in Nigeria, the prospects of the economy are quite enormous. Despite its huge infrastructural deficit, the economy has a record annual growth rate of about 7%. It has outstripped the majority of emerging markets and the developed economies. This is a clear indication that the Nigerian economy will be able to record double digit growth, once these restraining factors are addressed.