Nigeria’s petroleum subsidy quagmire and considered policy options

By ‘Femi D. Ojumu Economists characterise market failure as an inefficient distribution of goods and services in a properly functioning free-market economy. After all, free market orthodoxy establishes the principle that the market forces of supply and demand should ordinarily determine the prices of goods and services. The logical deduction therein is that a subsidy, […]

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INEC yet to give us vital documents after collecting N6.69m – Atiku alleges

The presidential candidate of the Peoples Democratic Party, (PDP), Alhaji Atiku Abubakar, on Wednesday, blamed the Independent National Electoral Commission, (INEC), for clogging the wheel of progress in the prosecution of his petition. Atiku told the Presidential Election Petition Court, (PEPC) on Wednesday in Abuja that despite paying N6.69 million to the commission for certified […]

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Senate approves Tinubu’s request to appoint 20 special advisers

The Senate, yesterday, approved President Bola Tinubu’s request to appoint 20 special advisers (SAs). A correspondence to that effect was read by Senate President, Ahmad Lawan, on the floor of the upper legislative chamber. In the request to the Red Chamber, the President did not list who the 20 aides are. But after Tinubu’s letter […]

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Tinubu seeks EU support to fight poverty, insecurity in Nigeria

President Bola Ahmed Tinubu has beckoned on the European Union (EU) to help his administration fight against poverty and insecurity in Nigeria and Africa as a whole. Tinubu on Wednesday in a statement signed by his spokesman, Abiodun Oladunjoye called on the EU to assist Nigeria and Africa in strengthening security and economic development to […]

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Subsidy removal: I would have provided various relief policies, says Obi

Labour Party presidential candidate during the presidential election of February 25, Peter Obi was welcomed by thousands of party supporters in Yola Adamawa state on Tuesday. He ays he would have provided various relief policies for Nigerians after removing the subsidy on fuel. Recall that President Bola Ahmed Tinubu during his inauguration at Eagle Square […]

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Renowned educationist Chief Bamidele Olotu goes home in blaze of glory

Photo Credit: Ologeh Otuke Charles By Banji Ayoola At exactly 1.25 pm on Friday, June 2, 2023, the remains of a renowned educationist and foremost Yoruba teacher, Chief Bamidele Olotu were lowered into the earth at his Iro Ekiti, Ekiti State country home. Chief Olotu who was also a former President of Egbe Akomolede ati […]

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Nigeria is 8th world’s most polluted country, says report

Nigeria is the 8th most polluted country in the world with 71.80 microgramme (μg), and Nepal is the most polluted country with 99.73 μg, according to a report published yesterday by Oxford University’s Our World in Data platform and Daily Mail UK. Nigeria, last year, ranked 18th in the list of most polluted countries in […]

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Finally, Senate throws out Buhari’s controversial Water Bill

The Senate, on Tuesday, rejected the controversial National Water Resources Bill, 2023 after it was listed for concurrence on the order paper for consideration and passage. Former President Muhammadu Buhari had in 2017 presented the controversial bill to both chambers of the National Assembly, which sought to transfer the control of water resources from the […]

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Family grieves as varsity student slumps, dies after final exams

A 500-Level Mechanical Engineering student of the Afe Babalola University, Ado-Ekiti, Ekiti State, Ayomide Oduntan, last Thursday, slumped and died on campus, throwing his family into mourning. It was gathered that Oduntan died on the day he sat for his last examination in the school. Our correspondent sighted a short video clip of the student […]

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