Archive for the ‘Markets’ Category

I reject the claim the article titled Gowon and Babangida Created Nigeria’s Drug Culture, which I wrote is guilty of appropriating unnecessary blame to Gowon and Babangida wrongfully or misleading readers about the creation of the drug culture in Nigeria. In the first paragraph I made it clear that some will disagree with the content. There is a big distinction between the “drug culture” and “drug trafficking” in Nigeria; the former is local Nigerian addictive drug use and the latter concerns Nigeria as an “entrepôt” for international drug trafficking. Even if some assume they are the same thing, let us look at the Gowon and Babangida regimes and their impact on drug access more carefully and see where the blame for Nigeria’s drug culture lies. (more…)

According to a competent and concerned eyewitness Ejorheya Brighoademo, a governance professional and works in the tourism and entertainment industry in Sapele, the incidence of drug addiction is conservatively 50% of the entire teenage population of the town! That is a whole generation afflicted with a destructive scourge. Incredible! How did Sapele, a major town in Delta State, Nigeria give into the drugs scourge?

A SMALL HISTORY

In the 1970s Sapele had a thriving port, was home to African Timber & Plywood – the largest timber exporting firm in the world, had a large flour mill, a number of good schools, several well-sized employers and the state support services required by a densely populated big town. Everyone tried to shop at Kingsway Stores. Sapele was also home to two notorious slums [Ugwanja and Urban Area] despite the semblance of a prosperous town. The economy of Sapele has since declined, unemployment rates are high and an alarming drug addiction epidemic among the youth of the town threatens to get worse by the day. (more…)

In 2012 an Odua Peoples Congress (OPC) operative intimated to me very intensely that then President Olusegun Obasanjo was a traitor to the Yoruba race citing many things he did as military and civilian head of state as proof. One accusation was the nationalisation of Western region-owned assets to the federal government dominated by the Hausa-Fulani. Another accusation was the initiation of the transfer of the Nigerian capital from Lagos in the South-west to Abuja in the North. There were other accusations mentioned and they were supposed to persuade me and others that Obasanjo was a thoroughgoing agent extraordinaire for Northern hegemony or imperialism. In the 1960s and 1970s the nationalisation of major industries was a global vogue and blaming Obasanjo as one head of state in a thoroughly global trend is harsh. (more…)

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Any political party promising rice selling at 2014 prices might sweep President Buhari’s administration out government resoundingly. Never underestimate hunger. (more…)

neps2

Many Nigerians optimistically think that one day, the nation will attract enough foreign direct investment (FDI) to enable it thoroughly refurbish, upgrade or expand the generation, transmission and distribution capacities of the [now] privatised Nigerian Electric Power Sector (NEPS) in order to provide customers with “constant electricity” supplies. Please think again! Foreign investors are not coming into Nigeria with $20 billion (at least) to revamp  electricity in the country. Nigeria is in no shape to attract foreign investment and it is unlikely it would have if things were going well. Does Grand Minister, Babs Fashola, disagree? The attraction of FDI is solely based on the assurance that if invested it will yield ‘good secure’ profits for the investors. What other incentives are there for foreign investors to invest in Nigeria? (more…)